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Africa G20 Declaration: Let African Fossil Fuels Power Our Industrial Future

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African Energy Chamber

Ahead of the G20 Summit in Johannesburg, the African Energy Chamber calls for renewed global investment in African oil and gas to drive industrialization, energy access and regional prosperity

JOHANNESBURG, South Africa, November 24, 2025/APO Group/ –As the G20 convenes in Johannesburg, the African Energy Chamber (AEC) (https://EnergyChamber.org/) calls for a fundamental reorientation of global energy policy – one that places African fossil fuels at the center of energy security, industrial growth and poverty alleviation. For too long, policies rooted in ideology have sidelined our continent’s vast energy potential. The time has come to “drill, baby, drill” – responsibly, strategically and to meet the energy needs of hundreds of millions of Africans who still live in darkness.

Africa holds enormous upstream potential. The AEC’s 2026 Outlook projects oil and gas production to reach 11.4 million barrels per day (bpd) by 2026, growing toward 13.6 million bpd by 2030 as exploration gains momentum in frontier basins. Africa is expected to account for roughly $41 billion in global upstream capital expenditure by 2026, driven by major projects in Mozambique, Angola and Nigeria. Licensing rounds underway or planned into 2026 – across mature markets such as Angola, Nigeria, the Republic of Congo, Equatorial Guinea, Libya and Egypt, as well as emerging frontiers including Namibia, Sierra Leone, Tanzania and South Africa – continue to attract explorers seeking new opportunities.

With proven gas reserves exceeding 620 trillion cubic feet, Africa is a critical supplier for both global gas markets and domestic energy development. Mozambique hosts multiple major LNG projects in its offshore Rovuma Basin, Senegal is advancing Phase 2 of the Greater Tortue Ahmeyim project alongside Yaakar-Teranga, and Equatorial Guinea continues to develop its regional Gas Mega Hub, connecting stranded fields to onshore gas-processing infrastructure. Libya’s re-emergence as a stable and attractive upstream environment has attracted the return of major international players. Meanwhile, Uganda and Tanzania are progressing with the East African Crude Oil Pipeline, reflecting a regional commitment to integrated infrastructure and long-term production. In South Africa, coal remains central to energy security, even as the country pursues gas exploration and investment to complement industrial growth.

Speaking at the G20 Africa Energy Investment Forum in Johannesburg last Friday, South Africa’s Minister of Mineral and Petroleum Resources Gwede Mantashe emphasized the country’s approach: “Drill, baby, drill. We have no legal restriction on oil and gas exploration and exploitation in South Africa. If we make a breakthrough on oil and gas, our GDP will grow exponentially. Our people will never breathe fresh air in darkness.” His remarks underscore that unlocking South Africa’s fossil-fuel potential is critical not just for energy access, but for industrial development, job creation and national economic growth.

Yet despite this massive potential, restrictive global financing frameworks threaten to choke off investment where it is needed most. The World Bank’s fossil-fuel lending ban and risk-averse policies by many Western banks risk sidelining projects just as the continent requires them to support industrial clusters, domestic electrification and gas infrastructure. Restoring capital flows is a once‑in-a-generation opportunity: it will allow Africa to harness its natural resources to lift millions out of energy poverty, drive industrialization and secure its energy future, all while strengthening global energy security.

Exploration must accelerate, as it remains the cornerstone of Africa’s energy future. New upstream investment is essential for powering industrial growth, and natural gas must serve as the backbone of this transformation. The G20 should champion financing for exploration rather than penalize it, because neglecting gas condemns millions to continued energy poverty. Around 600 million Africans currently lack electricity, while 900 million have no access to clean cooking solutions. Gas is not merely a transitional fuel – it is a lifeline for industrialization, domestic energy access and economic development. Strategic investment in gas can unlock power for cities, factories and households alike, bridging the continent to a cleaner, more productive future.

 If we make a breakthrough on oil and gas, our GDP will grow exponentially. Our people will never breathe fresh air in darkness

The Chamber applauds the United States for its landmark $4.5 billion financing commitment to Mozambique’s LNG project, demonstrating that G20 nations can invest in African fossil fuels responsibly and profitably. This investment proves that upstream and gas projects can deliver long-term economic growth, energy access and industrialization across Africa. Yet far more financing at this scale is urgently needed to unlock the continent’s full energy potential.

The International Energy Agency must reset its projections. Current forecasts undervalue Africa’s hydrocarbon resources and ignore the role gas can play in driving energy access, job creation and industrial capacity. The persistent stigmatization of fossil fuels must end. Transition rhetoric alone is insufficient: meaningful action requires aligned funding, supportive policy and genuine respect for Africa’s energy priorities.

The Chamber also applauds U.S. Secretary of Energy Chris Wright’s support for LPG and clean-cooking solutions as a practical, scalable method to improve energy access. The G20 has rightly recognized LPG as a key priority area for Africa, highlighting its potential to provide immediate, reliable energy for millions of households. But clean cooking is only one piece of the puzzle. Much more needs to be done to unlock Africa’s full energy potential. The continent deserves a comprehensive energy mix: LPG, gas-to-power, modular GTL, and large-scale natural gas development, all working together to drive industrialization, power cities and support sustainable economic growth.

African governments are ready. Countries from Angola to Egypt, Nigeria to Senegal, and Libya to Mozambique are implementing reforms to attract capital through licensing rounds, stable fiscal terms and pragmatic regulation. We stand prepared to deliver enabling environments: local content development, cross-border infrastructure, and strategic partnerships to support long-term growth. But we need capital; we need technology; and we need a global financial system that supports development, not punishes it.

We reject calls to phase out fossil fuels under the guise of climate virtue, which only threatens Africa’s prosperity and keeps millions locked in energy poverty. Instead, we demand a just energy future powered by African resources, built by African workers and delivering tangible benefits to communities. We call on the G20 to make fossil-fuel development a central pillar of its Africa policy, unlocking financing, dismantling ideological barriers, promoting exploration and investing in the gas infrastructure that will energize homes, industries and economies across the continent.

Distributed by APO Group on behalf of African Energy Chamber.

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Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

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The move strengthens ECP’s presence in the UK and Europe, and its ability to connect African and South American markets with global investors

LONDON, United Kingdom, August 6, 2026/APO Group/ –International events company Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) has officially established its UK entity in London, marking a milestone in the company’s growth strategy and reinforcing its ability to deliver world-class energy and mining events and campaigns in the UK and Europe.

By establishing a presence in a key hub like London – the pre-eminent energy and mining finance center – ECP actively shapes the global energy conversation. The expansion positions ECP to better serve clients, partners and investors seeking to develop business opportunities between Africa, Europe, the Americas and energy markets worldwide.

Opening our UK company brings ECP closer to key investors in the global energy finance capital

The milestone comes as ECP strengthens its reach through a series of investment platforms that connect global capital to energy and mining projects. These include the Venezuela Energy Week London Showcase on July 30 – with over 300 delegates registered – and the annual Invest in African Energy Forum, held in Paris as the premier event connecting global investors to Africa’s energy transformation.

ECP hosts high level summits and investor conferences in leading energy and minerals producing countries in Africa and South America, including: Venezuela Energy Week; Angola Oil & Gas; MSGBC Oil, Gas & Power; African Mining Week; Libya Energy & Economic Summit; Congo Energy & Investment Forum; South Sudan Oil & Power; and Caribbean Energy Week. The company has hosted investor forums and supported licensing round roadshows in Houston, London and Paris since 2016.

“Opening our UK company brings ECP closer to key investors in the global energy finance capital,” states CEO James Chester. “Having a permanent presence in London further cements our footprint in Europe, enabling us to fulfil our mission to bring minerals and energy investment to diverse global markets.”

With teams located across Africa, Europe and the Americas, ECP has long-facilitated strategic engagement, market intelligence and industry convening, uniting investors with leading energy and mining projects.

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

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Guyana’s Next Wave of Offshore Projects Sets the Stage for Caribbean Energy Week Launch

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The Caribbean Energy Week 2027 launch in Georgetown on September 1 will highlight the multi-billion-dollar developments driving Guyana toward 1.7 million bpd and creating new opportunities across the energy value chain

GEORGETOWN, Guyana, August 6, 2026/APO Group/ –Guyana’s rapidly expanding offshore development pipeline will take center stage when government officials, operators, investors and service providers gather in Georgetown on September 1 for the official launch of Caribbean Energy Week 2027. As the country advances a series of multi-billion-dollar developments across the Stabroek Block, the launch event will provide an early look at the projects, partnerships and investment opportunities expected to define Guyana’s next phase of growth.

 

With more than 30 discoveries made to date and multiple projects under construction or progressing through development, Guyana is targeting oil production of 1.3 million bpd by the end of 2027 and 1.7 million bpd by 2030, up from approximately 900,000-910,000 bpd today. As exploration success transitions into long-term production growth, opportunities are expanding across upstream development, offshore infrastructure, engineering, logistics and oilfield services.

Among the most significant near-term milestones is the Uaru development, ExxonMobil’s fifth sanctioned project offshore Guyana, which is expected to achieve first oil in 2026. The $12.7 billion development will produce up to 250,000 bpd from approximately 800 million barrels of recoverable resources across the Uaru, Mako and Snoek fields, utilizing up to 76 development wells and an FPSO with storage capacity of two million barrels.

Production capacity will expand further through the Whiptail development, ExxonMobil’s sixth sanctioned project in Guyana. Targeting first oil in late 2027 or early 2028, the $12.7 billion project will unlock approximately 850 million barrels across the Whiptail, Pinktail and Tilapia fields through up to 72 development wells. Designed to produce 250,000 bpd, the development will utilize the Jaguar FPSO currently under construction by SBM Offshore.

Looking beyond the current construction pipeline, Guyana is already advancing the projects expected to sustain production growth toward its 2030 target. The Hammerhead development, approved in 2025, is expected to commence production in 2029 with capacity of 150,000 bpd, while the proposed Longtail development would combine the Longtail, Tripletail and Turbot discoveries into one of the country’s largest integrated offshore developments, with planned production of 1.5 billion cubic feet of gas per day and 290,000 bpd of condensate.

These projects illustrate the scale of Guyana’s long-term development pipeline and the breadth of opportunities emerging across the energy value chain. Beyond offshore production, continued investment will be required across subsea systems, floating production infrastructure, drilling, marine logistics, engineering services, gas infrastructure and local content development as successive projects move toward execution.

Caribbean Energy Week 2027 will host its in-country launch at the Guyana Marriott Hotel in Georgetown on September 1, 2026, bringing together government officials, investors, operators and industry stakeholders for an early look at the opportunities, priorities and partnerships that will shape the region’s energy future. To register, please visit https://apo-opa.co/4cql5i3

 

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

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South Sudan Oil & Power Returns as South Sudan’s Premier Investment Platform

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Returning for its seventh edition on November 24-25, South Sudan Oil & Power 2026 will bring together government, investors, operators and energy leaders to advance partnerships that unlock South Sudan’s energy potential and support nationwide economic development

JUBA, South Sudan, August 5, 2026/APO Group/ –South Sudan Oil & Power (SSOP) will return to Juba on November 24-25, 2026, reaffirming its position as the country’s official energy investment event and premier meeting place for stakeholders shaping South Sudan’s energy future. Fully endorsed by the Ministry of Petroleum, the seventh edition will convene senior government representatives, investors, international and national oil companies, financiers, service providers and development partners to advance investment across South Sudan’s energy sector.

Held under the theme “Resource Renaissance – Energy-Fueled Growth for a New Generation,” SSOP 2026 marks the return of the country’s flagship energy investment event at a pivotal moment for the industry. As South Sudan works to maximize the value of its natural resources, strengthen energy and export infrastructure and expand economic opportunities beyond the upstream sector, the conference will serve as a platform for securing the partnerships and investment needed to support long-term industrial growth, energy security and national development.

 

South Sudan’s oil sector is entering a new phase of recovery and investment, with production gains, renewed operational activity and infrastructure restoration driving momentum across the market. Operators are advancing field optimization and rehabilitation programs, with Greater Pioneer Operating Company recently recording its highest production in two decades at more than 60,000 barrels per day, while Sudd Petroleum Operating Company is pursuing production growth at Block 5A. Dar Petroleum Operating Company continues to expand activity across its producing assets. In March 2026, the company announced a discovery at the Al-Nahla field, improving production flows from Blocks 3 and 7.

 

Exploration represents another growth frontier for the country. While South Sudan holds up to 3.5 billion barrels of estimated reserves, approximately 90% of these resources remain undeveloped. The government seeks to raise these numbers by attracting investment across the entire oil value chain and facilitating greater exports.

 

With oil remaining the backbone of South Sudan’s economy, the government is prioritizing investment that sustains production growth, strengthens export resilience, develops local content and unlocks greater value across the energy value chain. SSOP 2026 will provide investors with direct access to South Sudan’s key energy stakeholders, including the Ministry of Petroleum, national oil company Nilepet and the country’s leading operators, while fostering engagement with African energy institutions and national oil companies, including South Africa’s South African National Petroleum Company, alongside the broader international investment community.

 

Building on the success of previous editions, SSOP has established itself as South Sudan’s leading platform for commercial engagement and strategic dialogue. The 2023 edition welcomed more than 600 delegates from 24 countries, including six government ministers, and resulted in five strategic agreements spanning upstream exploration, drilling capacity expansion, mining cooperation and regional energy collaboration. Bringing together stakeholders from across East Africa alongside partners from the U.S., China, Saudi Arabia, Canada, Egypt, Turkey and Norway, the conference reinforced South Sudan’s role as a regional investment destination and demonstrated its ability to translate dialogue into tangible commercial outcomes.

 

As South Sudan advances its long-term development agenda, SSOP 2026 will serve as a catalyst for new investment, strategic partnerships and regional cooperation. By bringing together government leaders, operators, investors and technology providers, the conference will help unlock the capital and expertise needed to transform South Sudan’s resource potential into lasting economic value.

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

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