Africa holds immense pure fuel reserves, totaling over 17.89 trillion commonplace cubic meters as of 2023, positioning the continent as a possible power powerhouse. Nigeria leads with 5.94 trillion cubic meters, adopted by Algeria with 4.5 trillion cubic meters, whereas Mozambique, Egypt, and Libya additionally maintain important reserves. Africa produced 253 billion cubic meters of pure fuel in 2023, marking an 87% enhance since 2000. Algeria, Egypt, and Nigeria dominate each manufacturing and export. Europe absorbs many of the continent’s 109.3 billion cubic meters of exports, particularly from North African nations like Algeria resulting from proximity. Regardless of its huge potential and rising world demand for pure fuel, challenges equivalent to outdated infrastructure and stagnating manufacturing might hinder Africa’s capacity to totally leverage these assets. With reserves projected to final one other 55.7 years, Africa’s power future depends upon addressing these hurdles successfully.
SOURCE: BUSINESS INSIDER