North Africa's Energy Evolution: From Oil to Hydrogen
Key Ideas
  • North African nations are advancing in oil, gas, hydrogen, and renewable energy sectors, attracting global players with diverse opportunities.
  • Libya is focusing on exploration in various basins and aiming to boost gas production, while Algeria is investing in gas and renewable projects.
  • Algeria is leading a green hydrogen project, Egypt is expanding its gas sector, and Morocco is prioritizing gas diversification and renewable energy.
  • With ongoing infrastructure developments and ambitious renewable energy targets, North Africa is positioned to play a pivotal role in the future of global energy.
North Africa is emerging as a key player in the global energy sector, with a focus on advancing in oil, gas, hydrogen, and renewable energy. At the African Energy Week: Invest in African Energies conference in Cape Town, North African countries are showcasing their contributions to the sector. Libya is reviving its upstream sector with exploration activities and upcoming licensing rounds. Algeria is investing in oil, gas, and renewable projects to boost production and attract international investments. Egypt is experiencing growth in its oil and gas sector, launching new projects and attracting major companies for exploration efforts. Morocco is transforming its energy sector by diversifying its energy mix, focusing on gas and renewable energy projects. Notably, Algeria is spearheading the SoutH2 Corridor green hydrogen project, positioning itself as a pioneer in hydrogen energy. The region's goal is to play a central role in shaping the global energy future by balancing fossil fuels and renewable energy sources.
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