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African Energy Chamber (AEC) Celebrates Congo Liquefied Natural Gas (LNG) Vessel Sail-Away, First Production Set for December 2023

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African Energy Chamber

Representing a major milestone for both the company and country, the Tango FLNG and Excalibur FSU vessels have set sail for the Republic of the Congo

JOHANNESBURG, South Africa, October 25, 2023/APO Group/ — 

Global energy company Eni celebrated the sail away of the Tango Floating Liquefied Natural Gas (FLNG) and Excalibur Floating Storage Unit (FSU) vessels from Dubai to the shores of the Republic of the Congo. This significant milestone – which took place on October 21, 2023 in the presence of Congo’s Minister of Hydrocrbons Bruno Jean-Richard Itoua and Maixent Raoul Ominga, Managing Director of the Société nationale des pétroles du Congo – signals the imminent realization of the Congo LNG project’s first phase, slated to commence production in December 2023.

As the voice of the African energy sector and a strong advocate for the completion of large-scale Liquefied Natural Gas (LNG) projects in Africa, the African Energy Chamber (AEC) commends both the Government of Congo and Eni for this milestone achievement.

The Tango FLNG boasts a liquefaction capacity of approximately one billion cubic meters per annum of gas (bcm) and will be anchored just 3km offshore alongside the Excalibur FSU vessel upon their arrival in Congo. The project capitalizes on Marine XII gas resources and utilizes existing production facilities in a phased approach that aims to achieve a gas liquefaction capacity of around 4.5 bcm at plateau. According to Eni, a second FLNG vessel is currently under construction and is slated for first-production by 2025.

The sail away of the Tango FLNG unit and the Excalibur FSU facility marks a pivotal moment in Africa’s energy landscape

Coupled with a commendable commitment to zero routine gas flaring, this project is poised to significantly advance gas production in the country, serving as a catalyst for long-term and sustainable growth. Additionally, this accomplishment holds significance for the Republic of the Congo as it positions the country to emerge as a formidable player in the global LNG market. The project not only addresses the country’s growing energy demands but also presents a unique opportunity to tap into surplus gas resources through LNG production. As a result, the Republic of the Congo is set to join the ranks of global of LNG exporters in record time.

In light of these developments, the AEC stands firmly in support of this monumental achievement. The AEC has long-been a fierce advocate for the role natural gas plays in Africa’s energy future, and projects such as this showcase the impact and drive of both international energy firms and African Governments to unlock the full potential of African gas. Both Minister Itoua and Ominga have been instrumental in getting this project off the ground, laying the foundation for a strong gas-based future in the Republic of the Congo.

The Congo LNG project not only exemplifies the Republic of the Congo’s commitment to responsible and sustainable energy production but also underscores the nation’s strategic positioning in the global energy landscape. With the sail away of the Tango FLNG unit and Excalibur FSU facility, the country is on track to unlock its full energy potential and make significant contributions to the global LNG market.

“The sail away of the Tango FLNG unit and the Excalibur FSU facility marks a pivotal moment in Africa’s energy landscape. It signifies the Republic of the Congo’s bold stride towards becoming a major LNG producer, aligning perfectly with the AEC’s vision for a gas-driven economy on the continent. Natural gas is undeniably the fuel of the future in Africa, and endeavors such as this are integral in propelling us towards a sustainable and prosperous energy future,” stated NJ Ayuk, Executive Chairman of the AEC.

Projects like the Congo LNG initiative serve as catalysts for the burgeoning gas economy in the continent. As December 2023 approaches, all eyes are on the Republic of the Congo as it prepares to kickstart its LNG production journey. This momentous event not only solidifies the nation’s position on the world stage but also paves the way for a future where natural gas will play a pivotal role in powering Africa’s prosperity. The AEC, along with the global energy community, eagerly awaits the dawn of this new era for the Republic of the Congo.

Distributed by APO Group on behalf of African Energy Chamber.

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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