Energy in North Africa: Challenges and Opportunities
Simone Tagliapietra (Fondazione Eni Enrico Mattei)
North Africa represents one of the most important oil and gas producing regions in the world, and has the potential to be a renewable energy powerhouse as well. Its geographic situation makes it a crossroads between Europe, Africa and the Middle East, and an important transit corridor for global energy markets. Today, North African countries face a range of pressing socio-economic challenges, including solving the problems of poverty and high levels of structural unemployment, in the context of fast demographic growth. Energy is an essential commodity enabling socio-economic development. The current energy situation in the countries is characterized by a rapid increase of energy demand, low energy efficiency and low domestic energy prices due to extensive and universal consumption subsidies.