Europe Does A Complete U-Turn On African Oil And Gas | OilPrice.com

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Europe Does A Complete U-Turn On African Oil And Gas | OilPrice.com
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As European governments race to secure every drop of natural gas that they can, consumers in countries like Nigeria and Mozambique are losing out.

The hypocrisy of Europe asking for oil and gas from countries that, just last year, it had told to keep fossil fuels in the ground only makes it harder to take.

"The gas here goes to Bonny and Europe to power homes and industries but we have no benefits from it," one local community development activist from the Niger Delta told Bloomberg recently."Nothing comes to us."by Bloomberg on Europe's mad dash for gas that has seen Nigeria, for example, send millions of tons of LNG abroad while local communities use illegally made fuels and wood to stay warm. Nigeria is far from the only one.

Now, suddenly, the tables have turned with a deafening crash. The G7 is suddenly all for new oil and gas investments abroad after committing to suspend these just last November at the COP26. And Europe, that same Europe that has been advising African countries to focus on renewable energy and keep the oil and gas in the ground, is now asking for gas.the discourse, too, adding urgency to the continent's hydrocarbon development outlook.

Of course, to do that, energy companies and other funding providers would need to strengthen their walk-back on emission reduction commitments. They will probably do just that, on the basis that 'it's only for a short while", as Germany's government said when it decided to restart coal plants.

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