East Africa's Rapid Rise To The Top Of The Energy World

Soon America won’t be alone with a glut of natural gas. Statoil, the Norwegian oil company, made big oil industry news late last month announcing it had found huge volumes of natural gas off the coast of Tanzania thus confirming east Africa’s reputation as one of the energy world’s most promising new frontiers. The area off east Africa has yielded a series of huge discoveries over the past couple of years.  Simon Ashby-Rudd, an oil investment banker at Standard Bank in the UK puts it this way, “With gas exploration…

Read more...