30 October 2014, EurActiv
International Energy Agency chief economist Dr Fatih Birol said there would be a “substantial” amount of new liquefied natural gas (LNG) potential in Sub-Saharan Africa. “Investment in liquefied natural gas (LNG) projects could significantly enhance the diversification of gas imports to Europe,” he said. Half of the overall increase in gas output would go to domestic power generation and industry, but that would still leave plenty to export to Europe. “Sub-Saharan Africa will remain a cornerstone of global oil markets while emerging as a major new player in the natural gas markets,” Birol said.
23 October 2014, Financial Times
Natural gas demand in Europe is likely to remain weak for almost two decades, according to the chief economist at the International Energy Agency, casting doubt on the continent’s ability to diversify its energy supplies and achieve climate change goals at an affordable cost.
22 October 2014, Petroleum Economist
Sub-Saharan Africa will need $3 trillion of investment in new energy infrastructure by 2030 if the region is to raise hundreds of millions out of poverty and sustain economic growth, a new report by the International Energy Agency (IEA) said. In the IEA's Africa Energy Outlook published on 13 October, the agency said spending on energy and infrastructure in sub-Saharan Africa would need to be doubled to $110 billion per year to give millions of Africans access to affordable electricity.
15 October 2014, Foreign Policy
The International Energy Agency in its recent Africa Energy Outlook report noted that just the first phase of Mozambique's natural gas plans will require investment greater than the country's entire GDP, which is about $14.5 billion. Realizing the country's full potential would cost four times the country's GDP, according to a report published by the Oxford Institute for Energy Studies. Economic concerns alone make Mozambique's gas plans "highly speculative," the report concluded.
15 October 2014, Renewable Energy Magazine
Increasing access to modern forms of energy is crucial to unlocking faster economic and social development in sub Saharan Africa, according to the International Energy Agency’s Africa Energy Outlook, a Special Report in the 2014 World Energy Outlook series.
14 October 2014, Global Post
Sub-Saharan Africa's energy sector needs overhauling to help power its economic and social prosperity, instead of being an obstacle to its development, the IEA said on Monday. The International Energy Agency, unveiling its first-ever Africa Energy Outlook at a London press conference, said increasing access to modern forms of energy was critical in a region where two thirds of the population -- or 620 million people -- currently live without electricity.
14 October 2014, Wall Street Journal
The IEA estimated that Nigeria currently loses 150,000 barrels a day to oil theft, the equivalent of $5 billion a year. On top of that, regulatory uncertainty—the result of a seemingly-permanently stalled Petroleum Industry Bill—has led to delays in investment decisions.
14 October 2014, Zawya
Increasing access to modern forms of energy is crucial to unlocking faster economic and social development in sub Saharan Africa, according to the International Energy Agency's (IEA) Africa Energy Outlook, a Special Report in the 2014 World Energy Outlook series.
14 October 2014, UPI
Nearly two thirds of the investments in sub-Saharan Africa have focused on exports for oil and natural gas. The region accounts for nearly 30 percent of the oil and gas discoveries made in the last five years, though some parts of the economy still lack adequate supplies to electricity.
14 October 2014, Blue and Green Tomorrow
A woefully under-developed energy sector is holding back growth in sub-Saharan Africa, but smart investment could unlock the region’s huge renewable energy potential, according to a new report.