Energy Exec Says New Book Billions at Play, Provides Solutions for African Energy Self-Sufficiency

Natural gas can help Africa bring power to the people. It just has to be harnessed appropriately and not wasted or exported.

That is the premise of Chapter 5 of Billions at Play: The Future of African Energy, the new book by leading African energy attorney, NJ Ayuk. And it is a message that Jeff Goodrich, former CEO of OneLNG, supports.

OneLNG was a joint venture between liquified natural gas (LNG) shipping company, Golar LNG, and Schlumberger, the global oilfield services giant. While financing issues hampered OneLNG’s attempts to develop Africa’s first deep-water floating liquid natural gas (FLING) project with London-based Ophir Energy, the project principals, including Goodrich, recognized LNG’s potential to monetize Africa’s offshore natural gas reserves.

In the chapter entitled Abundant, Accessible, Affordable: The Golden Agerdquo; of Natural Gas Shines in Africa, Ayuk correctly identifies the benefits of natural gas, especially as the world looks for ways to lower CO2 emissions,rdquo; Goodrich said. He also takes aim at some of the issues the African natural gas industry has to confront, namely flaring and the export of product that could be well-used at home.rdquo;

Despite advances in electrification, much of Africa is still plunged into darkness each evening. Using natural gas as a reliable source to generate electricity would change that. It would also reduce the reliance on sources like animal dung for cooking�a method that is linked to respiratory diseases.

It is incredible to think that in this day and age, there are nearly a billion people in sub-Saharan Africa without access to electricity, but that is a reality Ayuk does not shy away from,rdquo; Goodrich said. Rather than running from the problem, he puts forth a number of realistic solutions that anyone who cares about making Africa more self-sufficient will be eager to hear. I think his ideas will resonate especially with readers who agree with Ayuk that an oversaturated global export market makes this the best time to advance intra-African energy trading and focus on regional markets.rdquo;

NJ Ayuk is founder and CEO of Pan-African corporate law conglomerate, Centurion Law Group (https://CenturionLG.com) and Executive Chairman of the African Energy Chamber (https://EnergyChamber.org). He is also the co-author of Big Barrels: African Oil and Gas and the Quest for Prosperity (2017).

He is recognized as one of the foremost figures in African business today.

Billions at Play: The Future of African Energy will be published by October 2019. Pre-order your copy here(https://amzn.to/2NxkNLP).

Source: African Energy Chamber