This could result in increased demand for oil and gas from the African countries that have the reserves and infrastructure in place to help meet that demand. “REPowerEU: Joint European action for more affordable, secure and sustainable energy,” European Commission, March 8, 2022. ![]() And since the start of the conflict, the European Commission has announced a plan to make Europe independent of Russian fossil fuels before 2030 through a combination of acceleration of renewable energy and diversification of natural gas supplies. European gas prices have increased by more than three times over the past 12 months, based on our data analysis. ![]() The ongoing invasion of Ukraine, which has had deep human, social, and economic impacts across countries and sectors, adds another layer of consideration. If oil and gas producing countries in Africa consider steps to create enabling environments, improve access to available capital pools, and attract the right skills and capabilities, they could both meet the energy needs of their developing populations and position themselves strongly in a new energy landscape. Please email us at: these dynamics bring challenges that will need to be negotiated, they also create a clear opening for the continent to take stock and reconsider its energy approach. ![]() If you would like information about this content we will be happy to work with you. We strive to provide individuals with disabilities equal access to our website.
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