Oil and gas financing for Africa on the agenda at World Upstream summer receptionCreated: Wednesday, 26 September 2018 06:00Egypt has growing energy demand which could be met by the country's gas reserves. (Image Credit: Terrazzo/Flickr)Paul Welch, CEO, SDX, was the keynote speaker at the Africa Energy World Upstream summer reception, with “Financing Africa's oil and gas: the state of play” as the theme of the eveningAfter an introduction by Richard Norris, oil and gas adviser, Helios Partners, in which he focused on opportunities in Mozambique, Tanzania, Kenya, Uganda, Egypt, Equatorial Guinea and South Africa, Paul Welch spoke on the subject of “Africa's gas prize.”“Africa is blessed with a lot of gas,” he told the guests. The potential 50 bscf of gas would be “laughable in most parts of the world” but should prove to be boon to SDX and to Morocco. Jayne Baird from Woodside Energy gave closing remarks, reflecting the optimism of the two speakers. “The gas prize is definitely there,” she said.

Source: The North Africa Journal September 26, 2018 06:00 UTC