Yet ongoing projects, recent discoveries and investment in gas projects will push the upstream investment in North Africa to record levels by 2019. Photo: mozambiqueminingjournal.comInvestment in the exploration and production of oil and gas has dropped precipitously since oil prices began to fall in 2014, and North Africa could be providing the near-term strategy for sub-Saharan Africa. Let North Africa be an example of how gas can be lucrative when operators can see opportunity and make it a focus. Understanding gas in North AfricaGas has always been valuable to North African economies, but it entered a new phase of recognition in 2015 when spending on gas projects surpassed spending on oil projects for the first time. North Africa is a microcosm of that global change.

Source: The North Africa Journal August 10, 2016 14:48 UTC