In this webcast hosted by the Natural Resource Governance Institute (NRGI), Dr Carole Nakhle, CEO of Crystol Energy, explores the implications of Russia’s war in Ukraine on global energy markets, how it has prompted many countries to re-evaluate their dependency on Russian oil and gas, and what Europe’s subsequent demand for gas means for African countries.
Dr Nakhle explains how gas markets have been evolving in the light few decades, with liquefied natural gas (LNG) connecting hitherto disconnected markets. The trend has created new dynamics for gas exporters, including African exporters – existing and potential. Despite the current perception of scarcity, in the longer-term African gas producers will face greater competition from the Middle East, the US and Australia, in particular.
Dr Nakhle also discusses the priorities in monetising gas resources whereby in general, developing the domestic market should be given priority over exports but this requires the right supporting policies and regulations. She further highlights the challenges that African countries will face because of the energy transition.
Dr Nakhle is joined by Dr. Theophilus Acheampong, economist and political risk analyst, and senior lecturer at the University of Dundee, and Silas Olan’g from NRGI who moderates the discussion.
Watch the discussion:
To read the transcript or listen to the discussion on Apple Podcasts, Google Podcasts and Spotify, click here.
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