Ver Angola

Energy

Consultant says natural gas exploration is a guarantee of economic diversification

Analyst Grace Goodrich, from Energy Capital & Power, considered that natural gas will be essential for Angola to be able to diversify the economy beyond oil and also implement industries that are not dependent on raw materials.

:

"Natural gas has the potential to guarantee Angola's transition beyond its dependence on crude oil, towards the establishment of diversified industries that are not based on raw materials", wrote the analyst at consultancy Energy Capital & Power in an article on Angola.

In the analysis of the potential of natural gas in Angola, Grace Goodrich writes that the country has reserves of around 27 billion cubic feet, but points out that it has been "slow" to transform reserves into revenues, focusing almost exclusively on the production of oil, most of which is for export.

"Although the country currently exports 95 percent of its natural gas production in the form of Liquefied Natural Gas, it wants the country to keep 25 percent of production, through association with value-added industries, by 2030", adds the analyst, defending the bet on agriculture as the most advantageous for Angola.

"In terms of agriculture, natural gas guarantees the ability to reduce costs in food production and imports, in addition to establishing large-scale industrial agriculture through the development of locally produced chemical fertilizers", he argues, adding that "industrialization through Gas monetization initiatives (refining gas into liquid fuel, fertilizers and other derivatives) also fosters the ability to increase domestic revenues, produce more exports and in greater quantities, in addition to reducing exposure to global market volatility".

According to Grace Goodrich, the Government has already realized the potential of gas and is investing in a set of initiatives that can improve the country's economy: "This southern African country is prioritizing the development of natural gas projects, initiating the launch of investments in infrastructure with the objective of using this resource as a solution for energy generation", he concluded.

Related

Permita anúncios no nosso site

×

Parece que está a utilizar um bloqueador de anúncios
Utilizamos a publicidade para podermos oferecer-lhe notícias diariamente.