Saturday, September 11, 2010

Gas in the Horn of Africa

GREGORY R COPLEY, founder-President of the International Strategic Studies Association states that the recent discovery of natural gas around Ethiopia had the potential to alter the geopolitics of the region around the Red Sea/Horn of Africa with consequences for the sea lines of communication. In an ISN Security Watch article, "In the Red Sea region, the Age of Gas Begins in Earnest", he declares that the recent spate of discoveries of natural gas in the Horn as well as broadly around the world could transform the global energy markets, shifting to a "Gas Age" with influx of new energy wealth for the Horn of Africa that could also lead to a glut in supply within a decade with consequent collapse in the price of gas and petroleum.

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