Hydrocarbon of the Future: Sustainability, Energy Transition and Developing Nations
Abstract The population of Africa is estimated to be about 1.5 billion, 25% of world population but the continent accounts for only 3.2% of global electricity generation (2.2% coming from South Africa, Egypt, Algeria and Morocco). This translates to the lowest per capita energy of any continent. The rapidly growing population in Africa will inevitably result in the emergence of more African cities and this underscores a need to urgently address the energy poverty concerns presented. The global energy landscape is changing, and Africa finds herself at a vantage point in the complex interplay between energy, development, climate change and sustainability. The need to provide an answer to these concerns is further highlighted by the effects of globalization and climate change. The onus rests on African countries to find a cross-functional solution; one which answers simultaneously to socio-economic and environmental challenges. This involves driving growth in energy supply and hence industrialization via the adoption of a balanced mix that harnesses all energy potential and integrated utilization possibilities. Projected increase in energy demands coupled with emission allowances present a unique opportunity for these countries to put in place plans and infrastructure congruent with the future energy landscape. In contrast to the narrative where African energy is driven majorly by renewables, the continent must first maximize the enormous fossil fuel potentials domiciled in large gas reserves in some of her countries to create an economy that can support a sustainable energy future. Natural gas is expected to play a vital role in the transition to a more environment friendly future of energy, especially in developing countries. This paper aims to present the prospects and challenges of the use of natural gas as a driver of sustainability and energy transition in the developing nations. Nigeria and the Nigerian Gas Master Plan will be taken as a Case Study.