Representing the African Energy Chamber – which serves as the voice of the African energy sector – Ayuk will be making a strong case for investing in Central Africa’s energy sector.
African Energy Chamber (AEC) Executive Chairman NJ Ayuk will participate as a speaker at the third edition of the Central Africa Business Energy Forum (CABEF) – taking place in N’Djamena, the Republic of Chad on November 8-10, 2023. During the important event, Ayuk will make a strong case for investing in Central Africa’s energy sector, driving key discussions around enabling environments, fostering public-private partnerships (PPP) and the intersection of oil and gas monetization and the energy transition.
Now in its third edition, the CABEF has emerged as a conference of critical importance, both for the Central African region and for the global energy community looking at investing in promising markets in Africa. Representing a market with a strong slate of successful projects such as Equatorial Guinea’s multi-project portfolio under the Gas Mega Hub initiative; the Moho Nord project in the Republic of Congo; and Cameroon’s Floating Liquefied Natural Gas terminal, as well as the last frontier for hydrocarbon exploration, the Central African region represents a highly attractive oil and gas play. In addition to oil and gas opportunities, Central Africa is ripe with renewable energy opportunities, offering significant opportunities for green energy investors and project developers alike.
The CABEF conference aims to provide a space for dialogue and collaboration between private and public sector actors in order to address the region’s energy challenges and develop sustainable solutions. This year’s edition of the CABEF conference takes place in Chad, one of Africa’s most exciting energy markets and one that is set to witness unprecedented growth in 2023 and beyond. With over 1.5 billion barrels of proven crude oil reserves, significant renewable energy prospects and a largely untapped natural gas market, Chad’s energy sector is already a hive of activity. Despite proven reserves, the country produces on average 69,000 barrels per day, opening significant opportunities for not only upstream players but also for both mid and downstream investors. With the objective of positioning the country as a major producer and exporter, the Government of Chad is seeking investment to unlock the full potential of the energy sector. With lack of adequate financing representing one of the biggest challenges in the energy sector, Chad is committed to positioning itself as a competitive investment destination, pursuing PPPs as a strategy for driving new project developments and scaling up production.
Stepping into this picture, the CABEF 2023 conference serves as a platform for policymakers, investors and energy players from across the world to discuss and promote investment in the Central African region’s energy sector. In addition to promoting oil and gas projects, discussing strategies for monetization and advancing technology and skills transfer across the E&P market, the conference seeks to promote investments in regional infrastructure, kickstarting a new era of downstream expansion in pursuit of scaling up energy security on a regional basis. This year’s conference takes place under the theme, ‘Capitalizing on Investment Opportunities in Central Africa’s Energy Infrastructure and Ensuring Energy Security in the Sub-Region through PPPs,’ and as such, focuses on how the region can attract the investment required to boost energy security and alleviate energy poverty. As an organization committed to making energy poverty history by 2030, Ayuk’s participation at the conference will not only help expand dialogue but facilitate new investments across the regional energy sector.
“I am proud to accept an invitation to participate at the CABEF. I believe that this is an important event, not only for Chad but for the entire regional energy sector at large. The Central African region is undergoing a rapid transformation on the back of new oil and gas finds, efforts to capitalize on renewable energy potential and recent project launches across the entire energy value chain. While progress has been made, a lot more investment is needed if the region is to unlock the full potential of its energy resources. In this regard, I look forward to contributing to the high-level discussions that will take place around investing in African energy; the role PPPs play in driving successful project developments; and the need to finance African infrastructure in 2023,” stated Ayuk.