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Equatorial Guinea’s Minister of Mines and Hydrocarbons, H.E. Gabriel Mbaga Obiang Lima, will take over as the President of OPEC for 2023.

ExxonMobil’s recent discovery in Block 15 off Angola in the Bavuca South prospect adds further credence to the notion of Africa as a significant contender in future energy markets.

The global gas markets are interconnected. As the recently released report from the African Energy Chamber (AEC), “The State of African Energy: 2023 Outlook,” notes, just how closely they’re linked becomes more apparent — and more important — during times of strife, such as the war in Ukraine.

L’AEC sera représentée par son Président Exécutif, NJ Ayuk, à la cinquième édition de la Conférence Internationale et Exposition sur les Hydrocarbures du Congo, qui aura lieu du 30 novembre au 02 décembre à Brazzaville, Congo.

The AEC will be represented by Executive Chairman, NJ Ayuk, at the fifth edition of the Congo International Conference & Exhibition on Hydrocarbons, taking place from November 30 to December 02 in Brazzaville, Congo.

As the executive chairman of the African Energy Chamber (AEC), it’s my honor and my privilege to tell the world the story of Africa’s oil and gas industry – to explain what this continent can do to help power the world and fuel its own future. But it’s also my mission to talk about African energy poverty and to explain why this continent needs better access to energy now in order to illuminate its own potential and power forward.

When TotalEnergies and Shell separately announced “significant” discoveries of what appears to be commercial quantities of oil and gas offshore Namibia — possibly more than 4 billion barrels of oil in total — it signaled something new for the nation: a chance to monetize its natural resources to combat energy poverty and accelerate economic growth. The offshore deposits — the nation’s largest find since independence — are at peak likely to provide Windhoek an estimated $5.6 billion annually in royalties and taxes and should help the nation double its $11 billion economy by 2040.

Independent oil and gas company, Perenco, has undertaken an ambitious gas agenda in Africa, an agenda which is set to help make energy poverty history by 2030.

ExxonMobil’s Bavuca South-1 exploration well discovery is set to create an influx of new investment across Angola’s upstream market as regional and global explorers alike flock to the high potential market in hopes of mirroring upstream success.

Following on from discussions held during COP27 in Egypt, a suite of regional energy ministers will be coming to Angola Oil & Gas 2022 to discuss national energy developments, the need to ramp up financing and the role regional cooperation plays in Africa’s energy future.