Ethiopia to Export Natural Gas in Three to Five Years

Ethiopian Mines Minister, Tolosa Shagi, said on Friday that the Horn of Africa country will begin exporting natural gas in three to five years following the discovery of huge reserves in the country’s Somali region.

According to him, the country expects to make in excess of $1bn in annual foreign exchange earnings from gas exports.

Tolosa further stated that 4.7 trillion cubic feet of natural gas has been discovered and that the country will start exporting gas after satisfying local demand.

He concluded by saying that security has been beefed up to avoid an attack similar to a 2007 incident in which 65 Ethiopian and nine Chinese oil and gas workers were killed by suspected rebels operating in the region.

Source: News24


Leave a Reply