(2 minutes read)
- Minister of Oil, Gas, Hydrocarbons, and Mines of Gabon Vincent de Paul Massassa said that Gabon has realized that the energy transition required a much greater use of gas
- He added that initially the country did not have the infrastructure to fully utilize the gas
- But today all efforts are being made to move in that direction.
Minister of Oil, Gas, Hydrocarbons, and Mines of Gabon Vincent de Paul Massassa said that Gabon has realized that the energy transition required a much greater use of gas. He added that initially the country did not have the infrastructure to fully utilize the gas. But today all efforts are being made to move in that direction.
Gabon holds proven natural gas reserves to the extent of 29 billion cubic meters mainly in the form of associated gas. C, the country currently makes only limited use of it. Almost 90% of its production is reinjected into the subsoil or burned for lack of economic outlets. The effort is to make”local content” a reality, offering more opportunities to Gabonese companies and workers in the sector.
In response to the economic impact of the Covid-19 crisis, Gabon has embarked on the preparation of productive sectors that include hydrocarbons. The objectives are to boost oil production, diversify the sector and improve governance. Gabon is the first African country to get paid for reducing carbon emissions.
