Lake Albert Development project

New projects and greenfield investments in emerging oil and gas producing countries such as Uganda will increase capital spending in Africa in 2022 and beyond as the continent seeks to ensure a secure gas and oil supply to meet local demand and expand exports. According to the African Energy Chamber’s Q1 2022 Outlook, The State of African Energy, as the region sees relatively increased sanctioning activity, 2022-2025 cumulative capital expenditure from Africa has seen an increase of $23 billion.Greenfield investments in Uganda will play an increasing role in expanding Africa’s oil and gas exploration and production as the east African…