Global and national prospects and risks; comparative studies

The large economies of East Africa (Ethiopia, Kenya, Uganda, Tanzania and Mozambique) have all embarked on major programmes of natural resource exploration and production. The decline in global commodity prices, combined with increased supply from other natural resource plays around the world, has changed the outlook for East African oil and gas, including by pushing ‘final investment decision’ dates further into the future. What are the implications of this changing outlook for national and regional initiatives in the sector?