Vladimir Putin
June 23, 2022
Europe’s move away from Russian gas provides a ready and lucrative market for a vast project being developed in West Africa, Mauritania’s oil minister said on Thursday.
As Russia has reduced gas supplies to Europe and Europe seeks to limit its dependence on Russian gas, Africa has an opportunity to fill the gap, but it needs to act now before a longer term shift to low carbon energy limits the West’s appetite for fossil fuel.
Recent prices have opened the opportunity for Mauritania, Senegal as well as other African countries to export more gas to Europe, he said. Europe needs to diversify its supply resources, so that fantastic opportunity – we need not miss it.
The BP operated the Greater Tortue Ahmeyim gas project straddling Mauritania and Senegal is scheduled to start production by December 2023, he said, while another smaller field ought to be online by 2025.
REUTERS
