The Ethiopian Ministry of Mines announced the discovery of substantial natural gas reserves in the Ogaden region. According to the Ethiopian Minister, Million Mathewos, a comprehensive survey involving the drilling of 19 wells in the region has confirmed the presence of approximately 21.3 billion cubic meters of natural gas.
“Extensive work has been done to utilize the resources in the Ogaden area of the Somali state in a proper manner, and it has been confirmed that there are other mineral resources in the area,” Million Mathewos said.
The natural gas reserves can provide a new source of energy for domestic consumption and potentially for export. This can reduce Ethiopia’s reliance on imported oil and gas.
Moreover, he said, “We are working to bring the newly discovered natural gas into production as early as next year. While some resource exploration projects can take years, we are confident of achieving success in a shorter timeframe here.”
Additionally, Ethiopia is known to possess significant oil and natural gas reserves across six distinct regions, including Ogaden, Mekele, Metema, South Omo, and Gambella.
The development of the natural gas sector can create new job opportunities in the energy industry, contributing to economic growth and poverty reduction. The presence of natural gas in Ethiopia has the potential to significantly contribute to Ethiopia’s economic growth, energy security, and job creation. However, it must be managed in a way that balances these benefits with environmental and social concerns.
Other Stories
Goh Betoch Bank Appoints New CEO and Getahun Nana Departs
Addis Ababa Government Makes 3 Decisions
I lke very much much and much for this webpage perfect newspapers
Unbelievable News of Hope and Wealth for our People and our Country❤❤❤❤❤❤❤❤❤
Desperate lie by pp. Ethiopia is led by the crazy man called Abiy. He is desperate now. His time is numbered.
You talkative. He is unstoppable.
Good job !!
We are wellcoming, if we Ethiopian youth generation across the country.becouse our forfathers die hunger, chronic diseases and others but know we are ready to follow other parts of the world through peace & social development.
Ma ada wax ka helaya suda hadaba maxad ku haysa. Dowladnimada magac moye ma faido dadweynuhu qabo ba jirta mesha qowmiyadda kale ee dds korsarka ku ah ay shaqoyin dowlada haystan sidas si la mid ah wixi la soo sarana marqati un bad ka noqon
It is good to hear about something to change Ethiopians population life, unfortunately its not confirmed by independent organization.