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.
14 October 2014, Responding to Climate Change
“Today only 3-4 countries in sub-Saharan Africa provide electricity more than 50% of the population,” said Fatih Birol, IEA chief economist. He added: “It is an energy issue, but also a security issue, and maybe beyond it, we believe a moral issue for all of us.”
14 October 2014, Money Web
Power generation capacity in Africa will quadruple from 2020 to 2040, giving nearly a billion people access to electricity, the International Energy Agency (IEA) said in its first Africa Energy Outlook released on Monday. "Reform programmes are starting to improve efficiency and to bring in new capital, including from private investors, and grid-based generation capacity quadruples in our main scenario to 2040, albeit from a very low base of 90 gigawatt (GW) today (half of which is in South Africa)," the West's energy watchdog said in the report.
14 October 2014, Oil Review Africa
Angola will overtake Nigeria as the region’s top oil producer from around 2016, an International Energy Agency (IEA) report revealed. Currently, Nigeria is the continent’s largest oil producer and the shift will be due to an expected increase in production in Angola, IEA added.