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French energy major TotalEnergies has postponed the restart of its $20 billion liquefied natural gas (LNG) project in northern Mozambique until 2029, citing ongoing security challenges in Cabo Delgado province.
The future of Africa’s energy transition will be shaped by various commodities, with LNG playing a central role. This presents immense opportunities for the continent, especially if they are effectively harnessed.
Renewable energy adoption is growing rapidly in Nigeria, to the point where it could be described as a boom. This growth is no accident. It is being driven by government policies, market dynamics, and a shift in customer attitudes.
Libya leads Africa with 48B barrels of oil reserves, followed by Nigeria and Algeria; making North Africa a powerhouse in global energy markets.
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Fuel prices in Africa vary widely—Libya has the cheapest at $0.028/L, while the Central African Republic tops the list at $1.889/L.
Electricity prices in Africa vary widely—cheap in Ethiopia, costly in Sierra Leone, shaping households, businesses, and economic growth.
Africa holds 60% of top solar resources but under 2% of global renewable capacity. Investments and policies aim for 300GW by 2030.
Liberia and Sierra Leone are resilient in their pursuit of commercial oil. The West African nations stand on the brink of becoming oil producers. With shifting climate realities, renewed investment, and ongoing seismic surveys, the question remains: do they have what it takes?
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