Energy Opportunities in Central Africa Showcased at Invest in African Energy 2024 Forum
The upcoming Invest in African Energy (IAE) event, scheduled to take place in Paris in May 2024, will serve as a platform for investors, developers, and service providers to engage with some of Central Africa’s leading energy projects. This forum is dedicated to showcasing the full spectrum of energy investment opportunities in the region, with a particular emphasis on hydrocarbon exploration, renewable developments, and power generation and distribution.
Equatorial Guinea, for example, is swiftly emerging as a regional gas liquefaction and distribution hub. Through its flagship Gas Mega Hub (GMH) initiative, Equatorial Guinea has successfully connected offshore fields to LNG terminals on Bioko Island. The country is actively seeking to expand gas-focused investments through collaborations with international investors, making it an attractive destination for foreign capital.
Similarly, the Republic of the Congo is positioning itself as a dynamic energy market, with new developments spanning oil exploration to gas monetization. The country recently completed a 3D seismic acquisition campaign, paving the way for future exploration drilling efforts, while also awaiting the start-up of its Congo LNG project. The Congolese Ministry of Hydrocarbons has also entered into a cooperation agreement with Technip Energies, focusing on capacity building for energy developments and energy transition principles related to LNG and decarbonization.
Chad is also seeking investments for its energy sector, which features substantial crude oil reserves, renewable energy opportunities, and an untapped natural gas market. The country has brought online a power station and is a key player in the Central African Pipeline System, a regional oil and gas pipeline seeking investors for its feasibility stage.
Meanwhile, the Democratic Republic of the Congo (DRC) has emphasized its untapped hydrocarbon potential and awarded production sharing contracts for gas blocks. The country has signed cooperation agreements with Angola and is seeking to expand its crude oil output, as well as its critical minerals industry that could help fuel the global energy transition.
Finally, Cameroon recently inaugurated its first large-scale solar PV plants, addressing the urban-rural electrification gap and aiming to raise electricity access rates and diversify its energy mix. With abundant solar resources, Cameroon is an ideal destination for European investors seeking clean energy investment opportunities.
The Invest in African Energy (IAE) 2024 forum is an exclusive event designed to promote collaboration between European investors and African energy markets. Taking place in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors, and policymakers.
For additional information, please visit www.Invest-Africa-Energy.com.
