African energy consumption to 2035

BP project that Africa will experience the world’s fastest regional energy demand growth, driven by urbanisation, rising populations, and strong GDP growth. The company also believes that Africa will remain a significant exporter of oil and gas. Below are a few reasons why:

• In 2035, Africa will have 21% of the world’s population compared to 15% today. The region will also account for 44% of the global increase.
• Energy demand is projected to grow by 93% between today and 2035, much faster than the global average of 41%. However, African demand will make up just 4% of the global total.
• Fossil fuels will account for 86% of demand in 2035 with natural gas and oil both expanding at 109% and 69% respectively.
• Oil remains the dominant fuel flowed by gas and then coal.
• CO₂ emissions will increase by 76% compared to the global average of 29%. However, energy use per capita will be just 21% of the global average.
• Energy production will grow by 47% and remains dominated by oil. Oil’s share, however, shrinks from 55% today to 38% in 2035 with natural gas rising to 35%.
• Africa currently exports a significant amount of is energy production, but growing domestic demand will reduce this ratio to 36% by 2035.
• The region will remain an important source of global oil and natural gas supply, accounting for 10% of global oil and 9% of natural gas production in 2035.
• Africa will remain an important exporter of natural gas, responsible for 23% in inter regional exports in 2035. It will also account for 10% of inter regional oil exports.
• The increase in combined oil and gas production in Africa between today and 2035 is bigger than in any of the BRIC countries.

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/20012014/africa_energy_consumption_2035_71/