Africa: oil demand could almost double by 2050
African oil demand could rise from 4.9 to 9.2 million barrels per day by 2050. This trajectory announced at AEW 2026 poses challenges for investment, energy access and local processing.
African oil demand could rise from 4.9 to 9.2 million barrels per day by 2050. This trajectory announced at AEW 2026 poses challenges for investment, energy access and local processing.
GECF projects global energy demand to rise 20% by 2055 and estimates African gas-chain investment needs at $1 trillion.
The International Energy Agency estimates that electricity could account for 33% of global final energy consumption in 2035, compared with around 23% today, if policies and investment accelerate its adoption.
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