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Energy Investments are Propelling an African Natural Gas Revolution in Angola (By NJ Ayuk)

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From exploration to production to exports, the Angolan oil and natural gas industry is bustling with new initiatives

LUANDA, Angola, May 27, 2024/APO Group/ — 

By NJ Ayuk, Executive Chairman, African Energy Chamber (http://www.EnergyChamber.org).

Africa is witnessing a natural gas drive in Angola that is set to revolutionize the continents natural gas industry. From exploration to production to exports, the Angolan oil and natural gas industry is bustling with new initiatives. This past year alone, international oil companies and the Angolan government partnered to award numerous regional operators with service contracts worth billions of dollars in combined value.

The African Energy Chamber has been particularly pleased to see Angola driving its natural gas industry forward.

In August 2022, solidified plans to develop the Quiluma and Maboqueiro gas fields in the Lower Congo Basin offshore Angola saw Italian multinational oilfield services company Saipem granted USD900 million between three engineering, procurement and construction contracts for both onshore and offshore work associated with the project at three separate sites.

Movement on these endeavors is due in part to the establishment of the New Gas Consortium (NGC) and its relationship with Angola’s National Agency for Oil, Gas & Biofuels. Investment in the NGC is multi-national, with Italian hydrocarbon giant ENI at the helm and France’s TotalEnergies, Britain’s bp, Angola’s Cabinda Gulf Oil Company and Sonangol signed on as shareholders. The NGC expects production at the Quiluma and Maboqueiro fields to begin in 2026 and to produce at an estimated rate of four billion cubic meters (bcm) of liquefied natural gas (LNG) per year.

The Right Approach

This success story, just one among many in Angola, wouldn’t be possible without the welcoming and investment-friendly environment that Angolan leadership has worked to cultivate in recent years.

Despite its status as sub-Saharan Africa’s second-largest oil producer, boasting an approximate output of 1.1 million barrels per day (bpd) of crude oil – a similar level to its output before it left the Organization of the Petroleum Exporting Countries (OPEC) -, it expects to increase production in the near future especially with ExxonMobil’s Block 15 deepwater discovery at the Kizomba B area. The working interest partners in the block – Azule Energy, Equinor and Sonangol – have not held back on investing in this project.

Angola rejects complacency and strives to grow those numbers by starting new wells while reevaluating its more mature facilities. Angola’s approach and its commitment to continued progress should serve as a template for every other African country to follow.

Angola sits atop 27 trillion cubic feet of natural gas — a largely untapped wealth of resources that represents a path toward vast employment opportunities, a route away from energy poverty, and a bridge to an eventual energy transition. One of the key elements ensuring that this economic development evolves in both Angola’s and Africa’s favor is a competent administration to help guide it.

Political Will and Leadership is Key.

Since taking office in 2017, President João Lourenço has maintained a positive bearing on strengthening and enhancing Angola’s oil and gas sector and focusing on enriching its population.

Employing a rational, long-term mindset in the effort to expand Angola’s LNG exports and further develop its gas industry, President Lourenço has been managing a multi-faceted master plan that he hopes will set Angola in an exponentially more prosperous position over a 30-year timeframe.

Lourenço’s actions in this regard have been proactive and comprehensive and performed in support of a healthy national oil and gas industry. By working to improve Angola’s business environment and rooting out internal corruption, Lourenço has made the nation much more attractive and favorable to foreign investment. The reappointment of Diamantino Pedro Azevedo as Minister of Mineral Resources, Petroleum and Gas — a key player in Angola’s regulatory overhaul and an outspoken advocate for the Africa­n energy industry — demonstrates Lourenço’s commitment to preserving a cabinet that produces meaningful results.

We encourage all the nations of Africa to join Angola on the trail they are currently blazing

President Lourenço’s outlook includes much more than the successful export of Angola’s hydrocarbon resources. His plan includes provisions for expanding the country’s refining and storage facilities as well as preparations for the transition to a low-carbon economy through the implementation of photovoltaic power plants, the production of green hydrogen, and a pledge to increase Angola’s own use of energy from clean sources like hydroelectric.

Lourenço has confidence that his country will be able to achieve these goals in part by fostering productive international relationships, a practice that he contends will also secure future business partnerships.  

A Ready-Made Market

President Lourenço’s 2023 Whitehouse meeting with U.S. President Joe Biden saw a declaration of Angola as a strategic partner and the announcement of billions of U.S. investment in a system that will supply four provinces in southern Angola with photovoltaic power.

The wide-ranging difficulties extending from the ongoing war in Ukraine have put Europe in a precarious situation concerning its natural gas provisions, the bulk of which came from Russia until the start of the conflict. President Lourenço has confidence that Angola can offer Europe an alternative source of LNG through European investment in the country and cooperative relations between the two regions.

Angola may get to a more sizeable position in the global LNG market, and sooner than expected, even without Europe’s immediate support. Lourenço foresees an economic boom on the horizon that will put Angola’s LNG production and export on the fast track in the coming years.

System-Wide Improvements

In addition to the developments at the Quiluma and Maboqueiro fields, other Angolan natural gas projects are well underway.

The Angola LNG Project, a joint venture led by Chevron and Sonangol north of Luanda in the province of Soyo, processes and monetizes 1.1 billion cubic feet of natural gas per day while reducing gas flaring and greenhouse gas emissions.

Sonangol has also been hard at work in Cabinda, modernizing, automating and subsequently tripling their plant’s gas filling capabilities from 3,000 12-kilogram gas cylinders per day to 9,000 cylinders per day, which should increase regional gas availability by 28%.

By next year, Angola expects the 750 MW Soyo II combined-cycle power plant to be operational, which will contribute to a nationwide effort to expand the population’s electricity access by nearly 20% via gas-to-power generation.

Angola’s Falcão Natural Gas Project promises to diversify the country’s stake in the natural gas industry by providing a means of producing fertilizer, reducing reliance on importation while cutting overall agricultural costs.

These developments — paired with Minister Diamantino Azevedo’s assurances at the 2022 International Conference on Angola Oil and Gas that Angola will soon have floating liquid natural gas platforms off its shores — paint a positive picture for Angola’s energy future.

The African Energy Chamber celebrates Angola’s progress in the LNG sector. Natural gas offers a clean and practical energy source with the power to eradicate energy poverty and boost local economies across the continent while also providing a pathway toward a just energy transition. We encourage all the nations of Africa to join Angola on the trail they are currently blazing.

Distributed by APO Group on behalf of African Energy Chamber.

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RIOT Network and MediaTek collaboration expands digital access in South Africa through innovative, community-driven Wi-Fi solutions

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RIOT Network aims to make fast, unlimited Wi-Fi services accessible for people in townships and underserved communities

JOHANNESBURG, South Africa, November 22, 2024/APO Group/ — 

MediaTek (www.MediaTek.com), a global fabless semiconductor company powering nearly 2 billion connected devices a year, and RIOT Network (https://RIOT.Network), a community mobile broadband provider in South Africa, have announced the successful integration of Mediatek’s Filogic 830 (https://apo-opa.co/3CIbkNl) chipset into RIOT’s second-generation CROWDNet Core Nodes.

The successful deployment of the CROWDNet nodes has enabled RIOT Network to achieve its aim of offering uncapped internet at an affordable price of R99 per month, and to do so profitably. To date, RIOT Network, in partnership with Sonke Telecommunications, has leveraged the nodes to connect more than 800 households and 5000 users in Olievenhoutbosch to uncapped Wi-Fi services.

RIOT Network aims to make fast, unlimited Wi-Fi services accessible for people in townships and underserved communities. Its CROWDNet Nodes, enable an innovative model for deploying user-operated network infrastructure. Community members serve as operators of some of the core network devices to earn a share of the fee from neighbours who use the service.

With each new connection, RIOT Network is highlighting the role of innovative fixed-wireless solutions in extending broadband access and improving digital inclusivity

CROWDNet powered by MediaTek Filogic 830 brings affordable, last-kilometre broadband to communities where it is not commercially viable to deploy towers or fibre. The MediaTek Filogic 830 is a high-performance SoC for routers, repeaters, access points and mesh networking devices. The SoC enables device makers to build-in powerful applications based on an energy-efficient, Wi-Fi 6-ready platform.

“The Mediatek’s Filogic 830 chipset delivers a unique balance of high performance and cost-efficiency, allowing us to keep operational costs low while maximising network reliability and speed,” said Jarryd Bekker, CEO at RIOT Network. “This combination of affordability and sustainable business growth is pivotal to our vision of expanding digital access in underserved communities. Our work in Olievenhoutbosch near Centurion demonstrates the power of reliable, affordable internet, creating new opportunities for economic and social engagement.”

“With each new connection, RIOT Network is highlighting the role of innovative fixed-wireless solutions in extending broadband access and improving digital inclusivity,” said Rami Osman (https://apo-opa.co/4ghZBUn), Director for Business Development, MediaTek Middle East and Africa. “We look forward to supporting RIOT in building a future where high-quality internet is accessible and impactful for all.”

Distributed by APO Group on behalf of MediaTek Inc

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African Energy Chamber (AEC) Endorses Inaugural Congo Energy & Investment Forum, Catalyzing Growth in the Republic of Congo’s Energy Sector

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The African Energy Chamber proudly supports the inaugural Congo Energy & Investment Forum, scheduled for March 25-26, 2025 in Brazzaville

BRAZZAVILLE, Republic of the Congo, November 21, 2024/APO Group/ — 

The African Energy Chamber (AEC), as the voice of Africa’s energy sector, proudly supports the inaugural Congo Energy & Investment Forum (CEIF), set to take place in Brazzaville on March 25-26, 2025. Unveiled during African Energy Week: Invest in African Energies in Cape Town by the Republic of Congo’s Ministry of Hydrocarbons, this milestone event signals the nation’s commitment to strengthening its role as a key energy player on the continent, while showcasing a range of investment opportunities. 

Under the leadership of Hydrocarbons Minister Bruno Jean-Richard Itoua, the Republic of Congo has emerged as sub-Saharan Africa’s fourth-largest oil producer, with anticipated production of 280,000 barrels per day (BPD) by the end of 2024 and ambitions to reach 500,000 BPD within three to five years. Building on this momentum, the CEIF will highlight innovative projects and foster strategic partnerships that enhance investment, drive economic growth and position the Congo as a leader in Africa’s energy expansion.

Meanwhile, Société Nationale des Pétroles du Congo (SNPC), led by CEO Maixent Raoul Ominga, is spearheading the Congo’s energy growth. SNPC holds a majority stake in the Mengo Kundji Bindi II permit, with 2.5 billion barrels of estimated oil potential. The company is developing the site through 13 wells, 3D seismic data acquisition, and the construction of six production platforms. 

We are honored to secure the Chamber’s endorsement for this pivotal forum

With the Chamber’s official support, the CEIF is set to attract government leaders, C-suite executives from major IOCs and energy experts, who will offer critical insights into Congo’s oil, gas and energy sector developments. The country is overhauling its gas sector to unlock 10 trillion cubic feet of resources through a comprehensive Gas Master Plan and new Gas Code that introduces favorable fiscal terms and enables small-scale project development, as well as large-scale, integrated gas megaprojects like Eni’s Congo LNG and Wing Wah’s Bango Kayo. 

“The Congo Energy & Investment Forum marks a major milestone for the country, amplifying its strategic energy initiatives and showing industry stakeholders that it is serious about advancing its energy sector. We look forward to supporting this forum, which promises to connect investors, drive impactful partnerships and elevate the Congo’s position within Africa’s energy sector,” says NJ Ayuk, Executive Chairman of the AEC.  

“We are honored to secure the Chamber’s endorsement for this pivotal forum, which, through its vast network and influence, will help attract key stakeholders and decision-makers to the event. Together, we aim to highlight the immense potential of the Congo’s energy sector, foster strategic partnerships and drive transformative investments that contribute to sustainable growth across the industry,” notes James Chester, CEO of Energy Capital & Power, organizers of the CEIF.   

This premier forum provides a unique platform for connecting local and international investors with high-impact opportunities across a diversified range of energy projects, paving the way for collaborations that drive growth and transformation. The AEC’s endorsement underscores its commitment to fostering strategic partnerships, sustainable investment and regional cooperation, aligning with its broader mission to make energy poverty history across the continent by 2030.  

As the energy industry continues to serve as a critical pillar of the Congolese economy and a catalyst for sustainable development, the AEC remains dedicated to supporting initiatives like CEIF that foster progress, investment and partnerships across the African energy landscape. 

For more information, please visit www.CongoEnergyInvestment.com

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

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Any Successful African Energy Policy at Conference of the Parties (COP) or Anywhere Must Have Oil and Gas at its Core (By NJ Ayuk)

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Conference of the Parties

Africa will need global financial systems, including multilateral development banks, to play a significant role in financing our energy growth which must include fossil fuels

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JOHANNESBURG, South Africa, November 21, 2024/APO Group/ — 

By NJ Ayuk, Executive Chairman of the African Energy Chamber (www.EnergyChamber.org).

I believe the ultimate responsibility for getting there is ours and no one else’s. Yes, we need partners to walk alongside us, but the success of our energy movement rests on African shoulders.

To begin with, I would love to see African energy stakeholders speaking in a unified voice about African energy industry goals.

This will be particularly important in COP29 in Baku. It is imperative that African leaders present a unified voice and strategy for African energy transitions. We must make Africa’s unique needs and circumstances clear and explain the critical role that oil and gas will play in helping Africa achieve net-zero emissions in coming decades.

I would encourage African leaders to talk about the need for financing, as well, to make it possible for us to adopt renewable energy sources and set up the necessary infrastructure. Africa will need global financial systems, including multilateral development banks, to play a significant role in financing our energy growth which must include fossil fuels.

Africa’s governments have a role to play in a successful African energy movement as well.

Because Africa’s energy industry still can benefit greatly from the presence of international oil companies, our government leaders need to approve contracts with oil and gas companies promptly instead of allowing red tape to delay projects after discoveries are made.

And, they need to offer the kinds of fiscal policies that allow oil companies to operate profitably in Africa. In turn, that will help those companies generate revenue, create jobs and business opportunities, and foster capacity building.

I also would encourage governments and civil societies to reward companies that exemplify positive behavior. Let’s incentivize the kind of activities we want, from creating good jobs and training opportunities to sharing knowledge.

I would love to see African energy stakeholders speaking in a unified voice about African energy industry goals

And there’s more.

We in Africa must work together to create more opportunities for women to build careers in the oil and gas industry at all levels. Our energy industry can’t reach its potential to do good when half of our population is left out. Our progress on behalf of women has not been great—We need to do better, and we need to act quickly.

How the world can support

Now, I mean it when I say Africans are responsible for building the future they want. But, I would love to see Western governments, businesses, financial institutions, and organizations support our efforts.

How? They can avoid demonizing the oil and gas industry. We see it constantly, in the media, in policy and investment decisions, and in calls for Africa to leave our fossil fuels in the ground. Actions like these, even as Western leaders have pushed OPEC to produce oil, are not fair, and they’re not helpful.

I also would respectfully ask financial institutions to resume financing for African oil and gas projects and stop attempting to block projects like the East African Crude Oil pipeline or Mozambique’s LNG projects.

Please understand that with the war in Ukraine, the energy crisis in Europe, and the energy poverty facing our continent, our countries, like many others, are simply choosing the paths they believe are most likely to help their people.

You know, people for years have accused me of loving oil and gas companies more than Africa. The opposite is true. In my frequent travels around the continent, I’ve observed far too many young people with little in the way of opportunities.

I know our young people have aspirations for a better future. I know they have big dreams. And, I know that future is nearly within their grasp.

A thriving, strategically managed energy industry can make it possible for many of these young people, whether it leads to good jobs or it fosters the kind of economic growth that creates jobs in other fields. Even if we only get the lights on in their communities, we’ll be giving our young people hope and improving their chances of realizing their goals.

This is what drives me, the idea that with our ongoing efforts and determination, our young people can realize meaningful opportunities. I encourage each of you to work with us at the African Energy Chamber, in a spirit of cooperation and mutual respect. Together, we can build the kind of African energy movement that our continent, our communities, and our young people need and deserve.

Distributed by APO Group on behalf of African Energy Chamber.

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