A framework for investment in Africa's energy infrastructure

Journal article

Eighty percent of world energy demand by 2035 is expected to be met by oil, natural gas and coal, with 90 percent of the demand increase expected to come from non-OECD economies, and China accounting for 23 percent. According to the IEA, US$ 38 trillion are needed to meet projected demand through 2035. Combined with supply rigidities and the need to develop increasingly expensive sources of oil and natural gas, prices are expected to remain strong in the long term. With exports of 570 million tons of oil equivalent, Africa overall is today an energy exporter accounting for 43 percent of total African exports. The USA and China respectively cover today 22 percent and 30 percent of their oil imports from Africa.

Authors: Khelil, C

• Publication status: Published
• Peer review status: Peer reviewed
• Publisher: Oxford Institute for Energy Studies
• Journal: Oxford Energy Forum
• Volume: 90
• Pages: 8-10
• Publication date: 2012-11-01
• Edition: Publisher's version
• ISSN: 0959-7727
• Language: English
• Keywords: OIES