Firm canvasses market-based regimes to develop Africa’s gas sector

Sahara Group has urged African governments and regulators to adopt market-based regimes for sustainable gas development on the continent.It insisted that appropriate pricing of the commodity would enhance investment, increase production and consumption
 
The organisation sought inclusion of investors in gas policy development frameworks for enhanced capacity and competitiveness across the sector.
Addressing a panel session on the subject, “The Game Changer: Enhancing African Gas Development Strategies and Investment Opportunities,” at the just-concluded African Energy Week (AEW 2023) in Cape Town, South Africa, the firm’s Managing Director, Emmanuel Magani, observed that it was important for the private sector to drive a lot of the gas projects. 
 
He said: “We have the West African Pipeline Project (WAGP) that delivers gas to Benin, Togo and Ghana, which has the potential to further play a huge role in regional gas development, given market-based regimes and adequate investments.”

“It is important to have the right type of market regime to ensure adequate returns to all key stakeholders. We need to have market-based price regimes to drive and support the level of infrastructure required to transform gas development and utilisation in Africa. Gas can also play an increased role in Africa’s commitments to reduce carbon emissions.”
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