Africa must act quickly to profit from its vast reserves of natural gas that the world will only want until it can shift towards lower carbon technology, the International Energy Agency said on Monday. In its Africa Energy outlook for 2022 published on Monday, the IEA said Africa could be in a position by the end of the decade to export some 30 billion cubic metres (bcm) to Europe, which is currently hungry for gas because it is trying to reduce its reliance on Russia. The group of 31 mostly industrialised countries said in a ground-breaking outlook in 2021 that achieving a U.N. goal of net zero emissions by mid-century meant that from this year no investment in new fossil fuel was necessary. Executive Director Fatih Birol told Reuters in an interview Africa’s development of gas did not contradict that. The continent, he added, […]