Germany is looking to west Africa to help solve its gas woes
On May 22, Olaf Scholz started a three-day tour of Africa in Senegal—his first since becoming the chancellor of Germany—and said his country wants to help develop natural gas projects off the coast of west Africa.
Germany is Europe’s largest economy but its local gas production caters to only 5% of annual demand, making it dependent on imports from Europe, especially Russia, for the rest.
With Vladimir Putin’s invasion of Ukraine causing Germany to halt imports from Russia and suspend the Nord Stream 2 gas pipeline (which was supposed to take gas from Russia to Germany), Scholz’s government is exploring alternatives for gas supply.
Gas field on Senegal’s border has potential
One standout ongoing project in this part of west Africa, that is of interest to Germany, is the Greater Tortue Ahmeyim (GTA) gas field owned by the governments of Mauritania, and Senegal.
The reserve is being explored by BP, the British company, and they estimate the field holds up to 15 trillion cubic feet of natural gas. GTA is expected to produce its first barrels of gas in 2023 after a pandemic-induced delay prevented initial plans to take off this year.
The BP-led GTA project will cost $4.8 billion. Senegal’s president Mack Sall expects it to increase his country’s liquefied natural gas production to 2.5 million metric tons a year when it opens next year. Scholz, the German Chancellor, sees an opportunity for Germany to help develop the project.
“We have started exchanging ideas about this, and following these talks we will continue to do so very intensively at the technical level,” he said, according to German news broadcaster DW.
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SOURCE : QUARTZ AFRICA