Africa50 to support development of Africa's natural gas for clean power
Africa50 will support the development of the continent's natural gas resources to help countries produce clean power, accelerate their industrialization and provide affordable energy to households.
The announcement was made by CEO Alain Ebobissé as he released Africa50's report 'Investing in Natural Gas for Africans: Doing Good and Doing Well'.
The report says that gas already fires a quarter of all power plants in Africa and is the single largest source of installed capacity (86GW). But most gas power plants are limited to coastal areas in countries with large proven reserves, so midstream infrastructure, from pipelines to LNG facilities, are urgently needed.