The vast reserves of natural gas, recently discovered in Ethiopia, drew particular attention to the international companies. A construction of gas pipe line stretching from Arbaminch to Djibouti, through Awassa and Diredawa, is underway, local Ethiopian newspaper reported.
According to Sendek Newspaper, the vast natural gas reserve recently found in Arbaminch will make Ethiopia a top producer of natural gas in the world, followed by Russia, Qatar and Iran.
Both Ethiopia and Djibouti have signed a memorandum of understanding to build a refining stock in Djibouti, the newspaper added.
Russia tops the total proven natural gas reserves of the world, holding about a quarter of world’s total gas reserves.