Africa Oil & Power, the continent’s premier platform for energy investment and policy, and the African Energy Chamber (AEC)  have signed a strategic partnership in Johannesburg on Monday. Both organizations will be sharing capacities to facilitate investments and deal-making in Africa across their networks.

Under the agreement, the AEC will also become an official partner of the Africa Oil & Power 2018 conference taking place September 5-7, 2018 in Cape Town. As part of the partnership, the Africa Energy Chamber is extending to all its members and partners across its network an exclusive discount of 15% to attend the summit in Cape Town from September 5-7, 2018.

“As the AEC, we always encourage all our members to seek new partners and investors and expand their horizons to support their growth across the continent. We believe Africa Oil & Power is a perfect platform for them to do that,” explained NJ Ayuk, the chamber’s chairman.

As a prestigious international forum to take place in Cape Town this fall, Africa Oil & Power is an ideal place to strike business deals and meet investors. For its third edition, Africa Oil & Power has put together a prestigious program with 15 African petroleum and power ministers confirmed to date, 600 C-level delegates and 75+ speakers from across the continent, Europe, Asia and the Americas spanning the entire value chain, from upstream to power generation.

As Africa’s energy sector enters a new phase of growth and oil prices stabilize around $70, AOP and the AEC have expressed their excitement over this new collaboration which capitalizes on renewed optimism across Africa’s investment community.

Guillaume Doane, the CEO of Africa Oil & Power, said: “The vision of Africa Oil & Power and the Africa Energy Chamber are one and the same –– to combine a pro-African attitude with a pan-African influence. We are excited to have access to their extensive African energy network.”

About the African Energy Chamber

Headquartered in Johannesburg, the African Energy Chamber (AEC) is a progressive business network that promotes business and investment opportunities within the continent by connecting local corporations, foreign investors and ministerial parties. The AEC unites African interests and aspirations under one voice that advocates for Africa’s companies and citizens and gives the continent a conscience on the global energy stage. From local content development to universal electricity access, the AEC’s engagement aims at placing Africa at the forefront of global energy investment and transformations.

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MEDIA CONTACT
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 The African Energy Chamber (AEC) welcomes the launch of Equatorial Guinea’s natural gas megahub project phase 1 as a key initiative towards gas utilization and monetization in the Gulf of Guinea.

The plans of Equatorial Guinea’s Ministry of Mines and Hydrocarbons to build a gas megahub aggregating gas from upstream projects to deliver it to onshore industries were first revealed at the Africa Oil & Power Investor Forum in May 2018 in London by H.E. Gabriel M. Obiang Lima, Minister of Mines and Hydrocarbons.

The announcement followed the signing of an agreement with American independent Noble Energy to supply gas from the Alen and Aseng fields to the Punta Europa Terminal, in order to replace declining output from the Alba field.

The project will notably entail the building of new infrastructure to link existing and new upstream projects with the Punta Europa gas processing hub as a primary industrial gas user in the region.

The AEC board welcomes the initiative as major step towards developing a stronger African natural gas market and recognizes the role of Equatorial Guinea’s initiatives such as LNG2Africa in creating new markets for Africa’s natural gas and LNG in the region.