PARIS, FRANCE: The Invest in African Energy Forum (IAE) is set to illuminate the City of Lights with a dedicated panel discussion titled “New Opportunities in Growth Markets,” focusing on the burgeoning opportunities within Africa’s vital gas sectors. The event, scheduled for May 14-15, will convene in Paris, bringing together a distinguished panel of industry leaders to explore the continent’s emerging gas markets.
The panel boasts a lineup of esteemed experts, including Bráulio de Brito, Chairman of AECIPA; Ian Cloke, COO of Afentra; Marica Calebrese, General Manager of Eni Mozambique; and David Pappoe Jr., CEO of Energas West Africa Limited. The session will be moderated by Justin Cochrane, Director of African Regional Research at S&P Global Commodity Insights.
Energy Capital & Power, the organizer of IAE 2024, has crafted an exclusive platform aimed at fostering investment links between African energy markets and international financiers. The two-day forum promises intensive interactions with industry mavens, project developers, investors, and policymakers.
Africa’s gas producers, particularly Angola and Mozambique, are at the forefront of reshaping their strategies and policies to draw long-term investments, broaden gas infrastructure, and capitalize on untapped reserves. The panel discussion will delve into plans for the expansion of gas field development across Africa, highlighting the continent’s strategies for gas monetization, LNG export potential, and investment opportunities throughout the gas value chain.
Angola, a seasoned petroleum producer, is leveraging its underexploited gas reserves to build diverse, gas-based industries. The nation aims to keep 25% of its natural gas production domestic through value-added industries by 2030. Recent milestones include the completion of the Falcão 2 Gas Project, enhancing gas delivery to the Soyo I power plant and boosting gas processing capacity to 125 million cubic feet per day. Furthermore, the New Gas Consortium has initiated onshore construction for the Quiluma and Maboqueiro fields, marking Angola’s inaugural non-associated gas venture.
Mozambique, a rising star in the global LNG market since commencing exports from its Coral Sul facility in late 2022, is actively seeking investors to support its gas market growth. Home to two major LNG projects in the Rovuma Basin, the nation is poised to become a significant LNG exporter, with gas export revenues anticipated to hit $91.7 billion over the coming decade. Recently, the Mozambican Government sealed deals with China National Offshore Oil Corporation, signaling a new chapter in the exploration of oil and gas reserves in offshore territories.
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