With the world racing to achieve the Paris climate agreement target of reducing global emissions by 45% before 2030, Africa is in dire need of ... financing, a study by Climate Policy Initiative says.
A direct assault on Afungi would be counter-productive for the Islamic extremist rebels, says Alexandre Raymakers, senior Africa analyst at Verisk Maplecroft in Cape Town. He says that the insurgents aim to take over major towns while tying down government forces at “hyper-defended” LNG projects.
That, he says, will enable them to “create a narrative that the government can’t defend its own people”, as it scrambles to protect LNG reserves.
Western and Asian companies are considering investments of more than a$100bn over the next two decades to develop gas projects that could produce 50m tonnes per year, says Alessandro Nanotti, a former project manager at the Rovuma LNG project for Italian oil major Eni.