Samantha Moolman | 31 May 2013 | Engineering News
As an abundant global resource, natural gas is poised to take centre stage in the world’s total energy mix by 2030, according to the International Energy Agency (IEA), with more than 200 years of proved reserves and a worldwide increase in gas consumption, partly due to the global need for energy security.
Moreover, with the significant increase of natural gas finds in Southern Africa – once one of the world’s leading mining investment destinations – countries like Mozambique, Namibia, Botswana and Tanzania are steadily contributing to Africa’s total natural gas reserves.
According to the latest BP Statistical Review, these were estimated to be about 513 tcf at the end of 2011 – about 7% of the world’s reserves, which amount to 7 361 tcf. Compounded with a steady increase in gas discoveries, this is garnering significant investment interest worldwide.