Société Nationale des Pétroles du Congo (SNPC) – the national oil company (NOC) of the Republic of Congo (ROC) – has joined Invest in African Energy (IAE) 2024 forum as a Diamond Sponsor, affirming its commitment to catalyzing Africa’s energy growth and accelerating private participation within the sector. 

SNPC has been leading the ROC’s efforts to boost oil production, as well as transition into a major LNG exporter. Driving upstream exploration, the NOC partnered with oil and gas independent Perenco last November to complete offshore 3D seismic acquisition targeting the Tchibouela II, Tchendo II, Marine XXVIII and Emeraude permits. With data from the campaign expected to identify future drilling targets and enhance exploration success, the partnership serves as a model for public-private sector collaboration within the sector.

IAE 2024 (https://apo-opa.co/3UMOOtQ) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 14-15, 2024 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

Meanwhile, ROC delivered its first LNG cargo to Italy last month, following fast-tracked development of the Tango floating LNG facility leveraging gas resources from the Marine XII concession. The project was supported by an LNG purchase and sale agreement signed last September by SNPC, Eni Congo, Lukoil and Eni SPA. As part of Eni’s broader Congo LNG development, the country is set to supply an initial 600,000 tons of LNG per year and up to 2.4 million tons by 2025. At IAE 2024, the NOC will showcase major investment and partnership opportunities across its oil and gas value chain.

“The Republic of Congo has achieved several industry milestones in recent months and serves as a model for success in fast-tracking billion-dollar LNG projects into production, in collaboration with foreign operators. SNPC – as a strategic partner to the private sector – has been at the forefront of these efforts and we look forward to accessing the country’s exclusive investment prospects going forward,” says Sandra Jeque, Event&Project Director at event organizers, Energy Capital&Power.

Distributed by APO Group on behalf of Energy Capital&Power.

Conjuncta GmbH CEO and Partner Dr. Stefan Liebing will speak on Africa’s emerging green hydrogen markets at Invest in African Energy (IAE) 2024, as the German developer seeks to establish a green hydrogen value chain delivering exports from Africa to Europe.

Specialized in developing and financing investment projects in emerging markets, Conjuncta is leading the development of a $34-billion green hydrogen project in Mauritania, in partnership with Infinity Power. Last March, the two companies signed an agreement with Mauritania’s Ministry of Petroleum, Mines and Energy for green hydrogen production, in which the project’s first phase will have an electrolysis capacity of 400 MW and be operational in 2028. Capable of converting 10 GW of clean energy into green hydrogen, ammonia and other fuels, the plant is set to produce 8 million tons of green hydrogen per year for the international market and transform Mauritania into a major hydrogen exporter.

Organized by Energy Capital&Power, IAE 2024 (https://apo-opa.co/3UMOOtQ) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 14-15, 2024 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

In Angola, Conjuncta is one of two German companies to sign an agreement with national oil company Sonangol for the implementation of a billion-dollar green hydrogen facility, featuring a planned capacity of 280,000 tons per year. The factory will use green electricity produced from existing hydropower plants to generate hydrogen, which will then be converted to ammonia and exported. By leveraging existing infrastructure, the facility is expected to come online as early as this year and could make Angola the first supplier of green hydrogen to Germany.

Both projects are at the forefront of driving Africa’s green hydrogen economy, capitalizing on rising European demand for improved energy security. A key focus of the upcoming forum will be on catalyzing investment for transformative projects across Africa’s energy value chain, from oil and gas to renewables and green hydrogen. IAE 2024 will explore new avenues for accessing project finance – with or without long-term offtake agreements – as well as connect project developers directly with global sources of capital.

Distributed by APO Group on behalf of Energy Capital&Power.

Moroccan Agency for Sustainable Energy (MASEN) Acting CEO Tarik Hamane will outline the country’s clean energy prospects at the upcoming Invest in African Energy (IAE) forum, taking place in Paris in May. The privately-owned company was established by the state to foster a competitive renewable energy sector, initially overseeing the implementation of Morocco’s solar program with a minimum capacity of 2,000 MW.

Home to abundant offshore wind and solar resources, Morocco has set ambitious renewable energy targets of 50% of power generation from renewables by 2030 and 80% by 2050. One of the country’s largest projects – the 400 MW Noor Midelt III solar park, complemented by a 400 MWh battery storage system – is currently under development and represents one of three power stations in the Noor Midelt complex that total 1,600 MW. In December 2023, MASEN announced the shortlist of companies pre-qualified to design, fund, construct, operate and maintain the solar park, after launching a public tender four months earlier.

Organized by Energy Capital&Power, IAE 2024 (https://apo-opa.co/49krKXM) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 14-15, 2024 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

The company is also leading the country’s emerging green hydrogen sector, responsible for analyzing projects proposed by investors and interfacing with regional authorities. Morocco has already allocated one million hectares for green hydrogen projects and is seeking investment along the entire value chain, from power generation from solar and wind resources, to processing into ammonia, methanol and synthetic fuels for both domestic use and export.

Distributed by APO Group on behalf of Energy Capital&Power.

Leveraging its expertise in the African oil and gas industry, leading exploration and production company Petralon Energy will shape discussions around the continent’s upstream sector as a diamond sponsor of this year’s African Energy Week (AEW): Invest in African Energy conference.

With Africa’s hydrocarbon reserves totaling approximately 125.3 billion barrels of crude oil and 620 trillion cubic feet of proven natural gas, the continent offers lucrative opportunities for global E&P companies such as Petralon Energy to invest and participate in frontier oil and gas markets.

AEW: Invest in African Energy is the platform of choice operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

With interests in PPL 259, where it operates the Dawes Island field in Nigeria, and indirect non-operated interests through Prime Oil and Gas in OML 127 and OML 130 in the country’s deep offshore terrain, Petralon Energy has set out on expansive ambitions to optimize production from both operated and non-operated assets driving production to its full potential, while acquiring, developing and financing  hydrocarbon assets across Africa. As such, investment in Nigeria’s oil and gas sector will become a focal point during this year’s edition of AEW: Invest in African Energy. Participating companies – such as Petralon – are poised to showcase how the country aims to utilize the wealth of resources it has to create a more robust and effective oil and gas industry to help eradicate unemployment and energy poverty.

During AEW 2024, Petralon Energy will also take center stage in celebrating industry excellence by sponsoring the prestigious Africa Energy Awards and the Gala Dinner. These events recognize and honour the remarkable contributions of individuals and organizations that are steering the African energy sector toward a brighter, more sustainable future.

“Having a company with values that demonstrate excellence, responsibility and commitment to energizing Africa participate at AEW falls well within our mandate to make energy poverty history by 2030,” said NJ Ayuk, Executive Chairman of the African Energy Chamber, adding, “Participation and investments from companies like Petralon Energy is essential to unlocking new opportunities across the continent’s burgeoning and established energy sectors.”

Ahonsi Unuigbe, CEO of Petralon Energy, added: “Our diamond sponsorship at African Energy Week is a testament to our unwavering commitment to a secure energy future for Africa. We are at a pivotal juncture in our own strategic journey and this event offers an unparalleled platform to share our vision, engage with peers, and forge transformative partnerships that will drive our continent toward an era of energy prosperity. AEW’s mission align with our strategic goals, and we look forward to contributing our insights and experiences to foster an environment that enables energy growth and prosperity across the continent.”

Taking place November 4-8 in Cape Town, AEW: Invest in African Energy unites global investors and project developers with African energy opportunities. Under the theme Energy Growth through an Enabling Environment, the event promotes investment across the African energy value chain with the aim of making energy poverty history by 2030.

Distributed by APO Group on behalf of African Energy Chamber.