IEA
The country saw a ‘spectacular growth’ of 2.2m barrels per day last year
Their share is forecast to increase from 25% today to more than 40% by 2040
It opens new opportunities to jointly work towards a more sustainable and secure energy future for Africa and the world
The IEA says the sector needs to adapt to face “unprecedented challenges”
The IEA claims the right policies could help extract twice as much economic value from energy
It is forecast to remain the largest renewable source due to its widespread use in heat and transport
Petrochemicals – i.e. components derived from oil and gas used in daily products like plastics, clothing and detergents – are to account for more than a third of growth to 2030
The International Energy Agency said the share of fossil fuels in energy supply investment rose last year for the first time since 2014
The nation is forecast to be the largest natural gas importer by 2019
The uptake is said to be driven by strong government policies and falling battery costs
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