Global energy markets: What do African resource finds mean for global energy supply in relation to demand in coming years?

Global energy markets: What do African resource finds mean for global energy supply in relation to demand in coming years?

Fossil fuel finds in East Africa will lead to booms but do not radically alter future scenarios for energy

This paper explores the significance of recent African fossil fuel reserve discoveries in the context of future world energy demand. It concludes that East African gas and Mozambican coal finds are likely to prove significant in comparison to the current GDPs of the producer countries affected, and may lead to the region providing a sizable contribution to meeting some of Asia's energy demand over coming years. However, this does not change the overall picture of a likely global resource crunch by the middle of this century.

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