Natural gas has the potential to be Africa’s solution for its energy issues and a driver for economic growth. The continent possesses substantial reserves, exceeding 17.89 trillion standard cubic meters of natural gas as of 2023.
Nigeria boasts the largest natural gas reserves on the continent, totalling approximately 5.94 trillion cubic meters, which constitutes about three percent of the world’s confirmed natural gas reserves.
North Africa also plays a crucial role, with Algeria holding an estimated 4.5 trillion cubic meters. As the global demand for natural gas rises, Africa’s reserves are set to take on an increasingly significant role in the worldwide energy market.
According to Statista, the natural gas reserves in Africa are projected to last for another 55.7 years at the current extraction rate. In 2023, the continent generated 253 billion cubic meters of natural gas, representing an impressive 87% increase since 2000.
Algeria is the top producer, with Egypt and Nigeria following closely behind. These nations are also the primary exporters of natural gas, supplying global markets.
In 2023, Africa sent out more than 109.3 billion cubic meters of natural gas, led by Algeria, Egypt, and Nigeria. As of 2019, Europe was the largest consumer, responsible for 60% of Africa’s gas exports.
North African countries like Algeria leverage their geographical closeness to Europe, enabling them to direct most of their exports to countries such as Italy and Spain. Nevertheless, despite the continent’s significant potential, issues like outdated infrastructure and stagnant production may hinder progress.
With abundant reserves, increasing global demand, and new opportunities, the critical question remains whether Africa can fully take advantage of its natural gas resources.
Here are the top 10 African countries with the largest natural gas reserves:
