Connect with us
Anglostratits

Business

Energizing a Sustainable Future: The 29th World Gas Conference Opens in Beijing

Published

on

World Gas Conference

BEIJING, CHINA – Media OutReach Newswire – 20 May 2025 – On the morning of May 20, the 29th World Gas Conference (WGC2025) opened at the China National Convention Center in Beijing. This marks the first time in the nearly 100-year history of the World Gas Conference that the event is being held in China. As one of the three flagship events of the International Gas Union (IGU), this year’s conference is themed “Energizing a Sustainable Future.” It has brought together more than 3,000 delegates from 70 countries and regions around the world to engage in in-depth discussions and consensus-building on global energy transition, the development of the natural gas industry, and pathways to a sustainable future.

The opening ceremony was chaired by Mr. Cao Yujun, Chair of the National Organizing Committee (NOC). Speeches were delivered by Li Yalan, President of the International Gas Union; Yin Yong, Mayor of Beijing; Wan Jinsong, Deputy Director of the National Energy Administration; Patrick Pouyanné, Chairman and CEO of TotalEnergies; and Dai Houliang, Chairman of China National Petroleum Corporation (CNPC).

Li Yalan, emphasized that amid multiple global challenges such as climate change, energy security, and geopolitical tensions, natural gas — with its advantages of abundant reserves, cleanliness, efficiency, and cost-effectiveness — is becoming an indispensable pillar of the global energy mix. She noted that China, as the world’s largest importer of natural gas and LNG, is drawing growing international attention for its development model. In particular, she highlighted how Beijing has leveraged natural gas to significantly improve air quality, offering a replicable model for other developing countries.

Yin Yong stated that Beijing firmly implements the country’s new energy security strategy and continues to promote the green and low-carbon transformation of the energy structure. Currently, natural gas accounts for more than 35% of Beijing’s energy consumption. Through initiatives such as coal-to-gas conversion, the city has achieved a more than 60% reduction in average annual PM2.5 concentrations and nearly a 50% decrease in carbon intensity over the past decade. He reaffirmed Beijing’s commitment to opening up and deepening international energy cooperation while promoting sustainable urban development.

Wan Jinsong noted that China’s energy production and consumption continue to grow, with increasingly robust infrastructure and a nationwide unified gas network essentially completed. He emphasized significant improvements in natural gas dispatching and emergency response capacity. He said breakthroughs were seen in deep-earth, deep-sea, and unconventional resource development, helping boost output of natural gas. Wan proposed four key initiatives: enhancing supply capabilities to serve global public welfare, prioritizing ecology in green development, empowering the energy system through digital transformation, and improving governance via multilateral cooperation. He called for continued openness and win–win collaboration to jointly build a secure, efficient, clean, and low-carbon global energy system.

Patrick Pouyanné highlighted TotalEnergies’ efforts to maintain its leadership in the conventional oil and gas market while actively participating in the global energy transition. He reiterated TotalEnergies’ commitment to achieving net-zero emissions by 2050 and to furthering international cooperation to build a diversified, clean, secure, and sustainable energy future.

Dai Houliang introduced CNPC’s recent breakthroughs in deep oil and gas exploration, including the successful completion of a 10,000-meter ultra-deep drilling mission and continuous progress in unconventional resource development. As Asia’s largest and the world’s second-largest energy company, CNPC plays a key role in safeguarding national energy security and consistently undertakes critical supply missions during peak winter and summer periods. He stressed CNPC’s unwavering commitment to green transition, accelerating the integration of oil, gas, and new energy, and building a synergistic, multi-energy system. As the only Chinese member of the Oil and Gas Climate Initiative (OGCI), CNPC will continue to actively participate in global climate governance, contribute to China’s carbon peak and carbon neutrality goals, and help extend the benefits of green development to more countries, clients, and communities, he said.

Following the speeches, Mr. Cao Yujun, Chair of the NOC, invited Yin Li, Secretary of the Beijing Municipal Committee of the CPC; Yin Yong, Mayor of Beijing; Li Yalan, President of the IGU; Wan Jinsong, Deputy Director of the National Energy Administration; Li Xiaolong, Vice Minister of Housing and Urban-Rural Development; Dai Houliang, Chairman of CNPC; and Patrick Pouyanné, Chairman and CEO of TotalEnergies, to jointly inaugurate the opening ceremony. As the countdown reached zero, the main screen lit up with the words “WGC2025 Officially Opens,” and the venue erupted in enthusiastic applause—marking the official launch of the 29th World Gas Conference.

According to schedule, WGC2025 will feature more than 80 high-level forums covering topics such as LNG development, natural gas and renewable energy integration, energy security, and digital transformation. More than 400 distinguished guests will engage in deep dialogue on industry trends and technological innovation. The concurrent exhibition spans 50,000 square meters — the largest in the event’s history — and is expected to attract more than 30,000 professional visitors from China and abroad.

The 29th World Gas Conference (WGC2025) is presented by the International Gas Union, hosted by Beijing Gas Group, and exclusively organized by Capital Convention & Exhibition Group.

Home

Facebook

Business

Nigeria’s Upstream Reform Program Captures 40% of Africa’s Final Investment Decision (FID) Activity After a Decade on the Margins

Published

on

African Energy Chamber

A government three-year review documents how executive action under President Tinubu reversed a decade of upstream decline

JOHANNESBURG, South Africa, May 8, 2026/APO Group/ –Nigeria has gone from capturing 4% of Africa’s upstream final investment decisions (FIDs) to commanding 40% in two years, according to Nigeria’s Energy Sector Reforms 2023-2026: A Three-Year Review, published by the Office of the Special Adviser to the President on Energy and spearheaded by Special Adviser Olu Verheijen. The $50 billion project pipeline now in development beyond 2026 points to sustained capital commitment at a scale not seen in the Nigerian upstream for at least a decade.

 

Between 2014 and 2023, Nigeria was among the continent’s weakest performers for upstream FIDs despite holding 37.5 billion barrels of proven oil reserves, the second-largest endowment in Africa. Algeria captured 44% of African upstream FIDs during that period, Angola held 26%, while Nigeria trailed Mozambique, Ghana, Senegal and Namibia. In the third quarter of 2022, crude production briefly dropped below one million barrels per day, as years of underinvestment, pipeline vandalism and regulatory ambiguity compounded each other. However, reforms instituted by Nigeria’s President Bola Tinubu have dramatically turned this trend around. Through deliberate and coordinated steps, the government has reset the trajectory.

Addressing Fiscal Terms, Regulatory Scope and Contracting Speed

President Bola Tinubu’s administration moved simultaneously on fiscal terms and regulatory architecture. Policy directives in 2023 clarified the boundary of jurisdiction between the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), resolving an ambiguity that had complicated project sanctioning. Presidential Directive 40 introduced targeted tax incentives, and a separate Notice of Tax Incentives for Deep Offshore Production in 2024 was designed to draw international oil companies (IOCs) back into capital-intensive, long-cycle deepwater projects. The VAT Modification Order 2024 and Upstream Cost Efficiency Order 2025 addressed the cost structures that had rendered marginal projects uneconomic. NNPCL contracting timelines were compressed from 36 months to a maximum of six months.

Four Divestments Transferred Onshore Control to Indigenous Operators

In parallel, the administration deployed targeted security directives and accelerated ministerial consents for four IOC asset transfers. Renaissance acquired Shell’s onshore portfolio. Seplat Energy completed its acquisition of ExxonMobil’s Nigerian upstream interests. Oando took over from Agip, and Chappal acquired Equinor’s local assets. The four transactions totaled approximately $4 billion. The transfer of onshore and shallow-water blocks to indigenous operators contributed directly to production recovery. Output rose by approximately 400,000 barrels per day between 2023 and 2025 to reach 1.6 million barrels per day, the highest onshore production level in 20 years.

When a government rebuilds fiscal competitiveness and regulatory predictability at the same time, capital responds

Signed Projects Total $10 Billion, With a $50 Billion Pipeline Beyond

The reforms produced a concrete FID response from Shell and TotalEnergies. Shell Nigeria Exploration and Production Company (SNEPCo) sanctioned the $5 billion Bonga North deepwater development in December 2024 and committed a further $2 billion to the HI Non-Associated Gas (NAG) project. TotalEnergies and NNPCL took a joint FID on the $550 million Ubeta gas field development in June 2024.

Together those three commitments account for more than $10 billion in signed investment after a decade of near-zero sanctioning activity. The pipeline beyond 2026 spans a further $50 billion across 11 projects including Bonga South West, Owowo, Usan and Erha. Nigeria approved 28 field development plans valued at $18.2 billion in 2025 alone, targeting an estimated 1.4 billion barrels of reserves.

“When a government rebuilds fiscal competitiveness and regulatory predictability at the same time, capital responds,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “Nigeria has done both, and the FID numbers are concrete proof.”

The Counterfactual Illustrates How Much Was at Stake

The presentation includes a no-reform projection that puts the gains in context. Without intervention, total crude and condensate production was on track to fall from 1.371 million barrels of oil equivalent per day in 2022 to 579,000 by 2030. Under the reform trajectory, output reached 1.77 million barrels of oil equivalent per day in 2026, with a stated government target of 3 million barrels per day. Export gas utilization rose 39% over the same period, while domestic utilization grew by 7%.

The durability of these gains will be tested by two factors: whether the institutional architecture put in place under the Tinubu administration holds over the long term, and whether the deepwater commitments signed in 2024 and 2025 advance to execution on schedule. The project pipeline is large enough that partial delivery would still represent a generational shift in Nigeria’s upstream output profile.

 

Distributed by APO Group on behalf of African Energy Chamber.

Continue Reading

Business

Angola Strengthens Global Investment Drive Across Oil, Gas and Mineral Resources

Published

on

Angola

With sweeping reforms across the extractive sector, Angola is entering a new phase defined by transparency, regulatory modernisation, value addition, and international partnership

LONDON, United Kingdom, May 8, 2026/APO Group/ –At a defining moment in Angola’s economic transformation, the Critical Minerals Africa Group (CMAG) (https://CMAGAfrica.com), together with the Government of Angola and the Ministry of Mineral Resources, Petroleum and Gas of the Republic of Angola (MIREMPET), will convene global investors, policymakers, and industry leaders in London for the Angola Oil, Gas & Mining Investment Conference on 14 May 2026.

 

More than a conference, this gathering represents a strategic international engagement at a time when Angola is actively reshaping its economic future and positioning itself as one of Africa’s most compelling destinations for long-term investment in natural resources, infrastructure, and industrial development.

With sweeping reforms across the extractive sector, Angola is entering a new phase defined by transparency, regulatory modernisation, value addition, and international partnership. The country’s leadership is sending a clear message to global markets: Angola is open for investment and ready to build transformational partnerships that support sustainable growth and economic diversification.

This is not simply about resource development, it is about building long-term industrial growth, strengthening energy and mineral supply chains, and shaping Angola’s future

The event will be headlined by H.E. Diamantino Azevedo, Minister for Mineral Resources, Oil and Gas of Angola, whose leadership since 2017 has been central to advancing Angola’s mineral and hydrocarbons agenda. Under his stewardship, Angola has accelerated institutional reform, strengthened governance frameworks, promoted private sector participation, and prioritised sustainable resource development.

As global demand intensifies for critical minerals, energy security, and resilient supply chains, Angola is uniquely positioned to become a strategic partner to international investors and industrial economies. The country’s vast untapped mineral wealth, significant oil and gas reserves, expanding infrastructure ambitions, and commitment to economic diversification present a rare investment window for global stakeholders.

Speaking ahead of the event, Veronica Bolton Smith, CEO of the Critical Minerals Africa Group said:

“Angola stands at a pivotal point in its national development. The reforms taking place across the country’s extractive sectors are creating unprecedented opportunities for responsible international investment and strategic partnership. This is not simply about resource development, it is about building long-term industrial growth, strengthening energy and mineral supply chains, and shaping Angola’s future as a globally competitive investment destination. We believe this moment represents one of the most important opportunities for international partners to engage with Angola’s leadership and participate in the country’s next chapter of economic transformation.”

The event is expected to attract a distinguished international audience, including sovereign representatives, institutional investors, mining and energy executives, infrastructure developers, development finance institutions, and strategic partners seeking direct engagement with Angola’s leadership.

Distributed by APO Group on behalf of Critical Minerals Africa Group (CMAG).

 

Continue Reading

Business

The Islamic Development Bank (IsDB) Group Successfully Concludes Private Sector Roadshow in Baku

Published

on

Islamic Development Bank

Bringing together a diverse range of stakeholders, the Forum showcased IsDB Group services, activities, and initiatives across its 57 member countries, with particular emphasis on Azerbaijan

BAKU, Azerbaijan, May 7, 2026/APO Group/ –The Islamic Development Bank Group (IsDB) affiliates (www.IsDB.org) – namely the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Islamic Corporation for the Development of the Private Sector (ICD), and the International Islamic Trade Finance Corporation (ITFC) – in cooperation with the Islamic Development Bank Group Business Forum (THIQAH), organized the “IsDB Group Private Sector Roadshow” in Baku, Azerbaijan, in close collaboration with the Ministry of Economy of the Republic of Azerbaijan and the Export and Investment Promotion Agency of the Republic of Azerbaijan (AZPROMO).

 

The high-profile event which took place on Thursday, 7th May 2026, at Azerbaijan’s Ministry of Economy, came as part of ongoing preparations for the upcoming IsDB Group Annual Meetings and Private Sector Forum (PSF 2026), scheduled to take place from 16 to 19 June 2026, under the high patronage of His Excellency President Ilham Aliyev, the President of the Republic of Azerbaijan.

 

Bringing together a diverse range of stakeholders, the Forum showcased IsDB Group services, activities, and initiatives across its 57 member countries, with particular emphasis on Azerbaijan. It highlighted the Group’s ongoing support for private sector development and its efforts to stimulate promising investment and trade opportunities in the Azerbaijani market.

 

The event also served as a unique opportunity inviting the audience to participate actively in IsDB Group Annual Meetings and the Private Sector Forum (PSF 2026). The program included panel discussions and specialized workshops on ways to enhance economic partnerships and the role of IsDB Group’s institutions in supporting the needs of member countries. The spectra of services, solutions and financial tools were also presented, including lines and modes of Islamic financing, trade finance and trade development solutions, corporate private sector financing, as well as risk mitigation solutions plus investment insurance and export credit insurance services.

 

Keynote speakers, in their speeches, underlined strong commitment to deepening engagement with the private sector and fostering meaningful partnerships that drive sustainable economic growth in light of the upcoming IsDB Group Annual Meetings in Baku, all to showcase integrated solutions especially in Islamic finance, trade, investment, and risk mitigation while working closely and collectively with private sector partners to unlock new opportunities, support innovation, and empower businesses contributing to inclusive and resilient development across IsDB Group member countries.

Distributed by APO Group on behalf of Islamic Development Bank Group (IsDB Group).

 

Continue Reading

Trending