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Bolstering Regional Energy Security through Algerian Shale Gas

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3 years ago

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shale gas

Offering significant reserves and attractive policies, Algeria’s shale gas is poised to play a much larger role in scaling up energy security in Africa

JOHANNESBURG, South Africa, July 20, 2023/APO Group/ — 

Known for its rich oil and gas reserves, Algeria has set its sights on becoming a major player in the global shale gas industry. With the third-largest shale gas reserves worldwide, Algeria is committed to attracting investments and fostering a favorable business environment for international players. Through its strategic regulatory policies and through platforms such as African Energy Week (AEW) – taking place October 16-20 in Cape Town ­– the country aims to connect new investors to its burgeoning shale gas market.

Algeria’s untapped shale gas reserves are estimated at 20 trillion cubic meters or 707 trillion cubic feet (tcf) of technically recoverable resources. These reserves hold immense potential for both domestic consumption and export, presenting a lucrative opportunity for global players seeking to capitalize on the growing demand for natural gas. The country’s shale formations, primarily located in the Ahnet, Timimoun and Reggane basins, offer substantial quantities of recoverable gas resources. While relatively untapped, Algeria’s shale gas market is set to reap high returns on investment for global players, owing to opportunities to tap into an established domestic natural gas market in-country.

Currently, Algeria represents the fifth-largest global exporter of liquefied natural gas (LNG). The African Energy Chamber’s (AEC) State of African Energy Q1 2023 report notes that the country is expected to maintain its LNG infrastructure capacity of 29 million tons per annum in the medium term, with national oil company Sonatrach aiming to supply the global gas market with upwards of 110 billion cubic meters of gas per year through 2027. By capitalizing on its shale gas, the country is poised to not only increase exports and revenue generation but stimulate regional economic growth on the back of energy security.

Recognizing the importance of attracting investment in the shale gas sector, Algeria has implemented a series of regulatory policies aimed at creating an enabling environment for international players. The Algerian government has adopted a transparent legal framework that ensures the rights and obligations of investors, safeguarding their interests in the exploration and production phases. Moreover, the government has streamlined administrative procedures and introduced incentives to encourage foreign direct investment in the sector.

Algeria’s shale gas potential, backed by its abundant reserves and favorable regulatory policies, presents an attractive opportunity for global players in the energy industry

Algeria introduced its new Hydrocarbon Law in December 2019, aimed at attracting foreign investors. The law brought about substantial changes to tax rates and investment conditions in the hydrocarbons sector, facilitating the inflow of new capital. With challenges such as high taxes and unclear contract-sharing agreements, historically limiting foreign investment, the Algerian government prioritized amendments to fiscal terms regarding Exploration and Production (E&P) activities and eliminated customs duties and taxes on imported E&P equipment. The 2019 law also simplified contractual agreement types, with Sonatrach becoming the primary contracting party and offering three agreement options: Participation Agreements, Production Sharing Agreements, and Risk Service Agreements. As a result, Algeria has witnessed the active participation of foreign players, such as TotalEnergies, ENI, Equinor, among others.  

Stepping into this picture, AEW 2023 serves as a bridge connecting international players to Algeria’s shale gas market, offering a range of services such as market analysis, matchmaking with local partners, project management support, and access to financing mechanisms. The event brings together government officials, industry experts and stakeholders, creating a conducive environment for networking, knowledge-sharing and business collaboration. By participating in AEW, global players can gain valuable insights into Algeria’s shale gas sector and establish meaningful connections with key decision-makers.

“Algeria’s shale gas potential, backed by its abundant reserves and favorable regulatory policies, presents an attractive opportunity for global players in the energy industry. At AEW, international investors are well-positioned to participate in the discussions around E&P opportunities within Algeria’s shale gas resources,” states NJ Ayuk, Executive Chairman of the AEC, adding that “As the country seeks to diversify its energy portfolio and meet growing domestic and international demand, Algeria’s shale gas market holds significant potential for those willing to seize the opportunity.”

AEW is the AEC’s annual energy event connecting global investors and project developers to African energy opportunities. Algeria is set to play a central role at the event, with a dedicated country spotlight session offering stakeholders a unique opportunity to gain insight into the promising shale gas market and network with high-level policymakers and institutions. Visit https://AECWeek.com/ for more information about this exciting event.

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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2 days ago

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February 6, 2026

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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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2 days ago

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February 6, 2026

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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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2 days ago

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February 6, 2026

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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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