Showcasing O&G investment opportunities in southern Africa
Frontier market for investors to be highlighted in Paris
A dedicated roundtable aimed at showcasing opportunities within the oil and gas as well as renewable energy sectors of South Africa, Mozambique and Namibia at next month’s Invest Africa Energy 2024 forum in Paris will position the region as an attractive destination for investors.
The two-day forum will provide delegates with insights into southern Africa’s status as a frontier market with first-mover advantages. From South Africa’s mineral-rich terrain to Zambia’s hydroelectric potential, Mozambique’s liquefied natural gas (LNG) prospects and Namibia’s untapped offshore reserves, the region offers diverse opportunities poised to fuel development.
Namibia’s recent deepwater discoveries, including Graff-1X, Venus-1X, La Rona-1X, Jonker-1X, Lesedi-1X, Mopane-1X & 2X, Mangetti-1X, and its most recent Enigma-1X, have intensified exploration activities within the Orange Basin. Although significant potential exists, substantial investment is still required to fully develop resources further.
Namibia’s Minister of Finance has already announced that by the end of 2024, Namibia anticipates a final investment decision from multinational energy companies, TotalEnergies for its Venus-1X discovery and Shell for its Graff-1X discovery. This is a step towards accelerating oil production, set for 2029.
With two major LNG projects underway — TotalEnergies’ Mozambique LNG and ExxonMobil’s Rovuma LNG — Mozambique has solidified its position as a key player the global gas market. Mozambique made significant strides by exporting its inaugural LNG cargo to Europe in 2022, facilitated by Eni’s Coral Sul floating LNG facility. With robust trade agreements in place and a growing capacity, Mozambique presents a burgeoning gas market. With over 100 trillion cubic feet of proven reserves, the nation offers ample opportunities for gas exploration, production, transportation, storage, and utilisation projects.
Panelists include Godfrey Moagi, Chief Executive Officer, SANPC; Antoine Berel, Vice President Sub-Saharan Africa (South), Halliburton; Calib Cassim CFO Eskom, Paul Eardley-Taylor, Oil and Gas Coverage Southern Africa, Standard Bank and Dr. Sama Bilbao y León, Director General, World Nuclear Association. The session will be moderated by Olivier Barbeau, Managing Partner, Moore South Africa.
The South African Oil & Gas Alliance invites you to join the SAOGA Namibian Oil, Gas & Energy focused Business Trade Mission from 19 to 24 May 2024. Following on the success of previous trade missions to Mozambique, Namibia and Tanzania, SAOGA’s latest planned mission to Namibia will facilitate introductions with government entities and key stakeholders in the country’s burgeoning oil, gas and energy environments. MORE INFORMATION
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