World & BusinessAfrica’s hopes for gas-powered growth
The Economist says political risk, structural weaknesses and a lack of financing hamper gas’s potential in Africa.
TLDR
The Economist reports that politicians, business leaders and investors across Africa hope using more gas will spur industrialisation and growth. It says global energy-market volatility caused by wars in Ukraine and the Gulf, combined with a reduced focus on net-zero targets, has renewed interest in gas. But it describes a big bet on the fuel as a high-stakes gamble and warns that gas may not live up to the hype in Africa.
Africa’s hopes for gas-powered growth
The Economist says political risk, structural weaknesses and a lack of financing hamper gas’s potential in Africa.
TLDR
The Economist reports that politicians, business leaders and investors across Africa hope using more gas will spur industrialisation and growth. It says global energy-market volatility caused by wars in Ukraine and the Gulf, combined with a reduced focus on net-zero targets, has renewed interest in gas. But it describes a big bet on the fuel as a high-stakes gamble and warns that gas may not live up to the hype in Africa.