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Geopolitics and Energy Security: What Recent Moves Say about Africa’s Global Gas Role

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African Energy Chamber

With the European Union formalizing a ban on Russian LNG and gas imports from 2026 and 2027 respectively, Africa is uniquely positioned to leverage geopolitics to advance its energy development

CAPE TOWN, South Africa, January 9, 2026/APO Group/ –The Council of the European Union (EU) and the European Parliament signed a provisional agreement in early December 2025 to formally phase out Russian gas imports. Aligned with a broader strategy to diversify imports and strengthen security of supply, the agreement stipulates a full prohibition on both LNG and pipeline gas from 2026 and 2027 respectively. For African gas producers, this decision marks a strategic turning point: an opportunity to leverage geopolitics to attract long-term investment while prioritizing domestic energy needs.

European Diversification Creates Strategic Openings

The EU’s decision to introduce a legally binding prohibition on Russian gas imports forms a core pillar of the bloc’s REPowerEU roadmap – launched in response to Russia’s invasion of Ukraine and aimed at safeguarding energy supply. Under the provisional agreement, short-term contracts concluded before June 2025 will expire in 2026, while long-term LNG contracts will be prohibited from January 2027. Long-term pipeline gas contracts will end by September or November 2027, contingent on storage targets being met. Amendments to existing contracts will be tightly restricted and cannot increase volumes.

The regulation also obliges EU member states to submit national diversification plans outlining how they intend to replace Russian supplies, while strengthening European Commission oversight. A parallel legislative proposal to phase out Russian oil imports is expected by the end of 2027. While Russian oil now accounts for less than 3% of EU imports, gas still represents around 13% – worth more than €15 billion annually – leaving Europe exposed to supply and security risks.

For African producers, this policy shift sends a clear signal: Europe is actively seeking new, reliable suppliers with the capacity to deliver long-term volumes under transparent, rules-based frameworks. The question is no longer whether demand exists, but how Africa positions itself to meet that demand on its own terms.

Africa: The Preferred Supplier

Africa’s gas resources must be developed in a way that serves Africans first – powering homes, driving industrialization and creating jobs – while responsibly supplying the world

With its geographic advantage and strong resource base, Africa is well placed to respond. North Africa is the clear market of choice, with established export infrastructure already in place. Algeria, Egypt and Libya account for two-thirds of the continent’s output, and while production is set to expand into the 2030s, North Africa’s share is projected to fall below 40% by 2035 as other regional producers emerge.

For Europe, this holds a strategic advantage. West and East African LNG producers sit astride both Atlantic and Indian Ocean trade routes, enabling them to function as swing suppliers. This optionality allows producers to respond to price signals in Europe and Asia, arbitrage spot-market fluctuations and provide resilience during global supply disruptions – precisely the flexibility European buyers now value.

The resource base is equally compelling. Africa holds an estimated 620 trillion cubic feet (tcf) of proven gas reserves. The Rovuma Basin off Tanzania and Mozambique alone contains 129 tcf, while Nigeria’s Niger Delta holds 113 tcf. While much of this potential remains underdeveloped, momentum is building. The year 2025 saw the start-up of the Greater Tortue Ahmeyim (GTA) project in Mauritania and Senegal, Congo LNG Phase 2 and the resumption of Mozambique LNG and Rovuma LNG. These projects send a clear message: Africa is capable and ready to supply global markets.

Balancing Global Demand with African Priorities

As European demand continues to grow, Africa faces a strategic balancing act: how to become a preferred global supplier while ensuring investment serves the continent’s development needs. With more than 600 million people still without access to electricity and 900 million lacking clean cooking solutions, it is increasingly important to move beyond historical contractual models rooted primarily in extraction. By 2050, African gas demand is projected to rise by 60%, reaffirming the need to design contracts that support long-term economic growth rather than short-term export gains.

One mechanism already gaining traction is the integration of domestic market obligations into LNG projects. The GTA project offers a clear example. Developed as a cross-border LNG hub for Mauritania and Senegal, the project earmarks 35 million standard cubic feet per day of its output for domestic use in each country, supporting power generation and industrial development alongside exports to global markets. Rather than viewing exports and domestic consumption as competing priorities, this framework links them directly: as production and exports grow, so too does gas availability for local markets.

“By modernizing contractual structures and embedding development considerations into gas investments, African producers can ensure that rising global demand translates into accelerated progress at home. Africa’s gas resources must be developed in a way that serves Africans first – powering homes, driving industrialization and creating jobs – while responsibly supplying the world,” says NJ Ayuk, Executive Chairman of the African Energy Chamber.

This message will take center stage at African Energy Week 2026, where policymakers, producers and financiers will convene to redefine Africa’s role in a fragmenting global energy order. With Europe looking south for security of supply, Africa has a rare opportunity in 2026: to leverage geopolitics not just for capital inflows, but for a future where energy abundance translates into broad-based prosperity at home.

Distributed by APO Group on behalf of African Energy Chamber.

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Venezuelan Oil and Gas Opportunities Take Center Stage at African Energy Week (AEW) 2026

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Venezuela

The country is promoting new hydrocarbons contracts, upstream and refining opportunities, and technical partnerships with Africa to attract investment and strengthen local energy sector capabilities

CAPE TOWN, South Africa, October 14, 2026/APO Group/ –Venezuela is seeking to attract international investment into its oil and gas sector while building stronger energy partnerships with African countries. Revised hydrocarbon legislation offers new entry routes for private operators, while cooperation on technical training could help African markets draw on Venezuela’s industry expertise. These opportunities featured at the Venezuela Global Investment Forum during African Energy Week (AEW) 2026 in Cape Town.

 




 
 

Ricardo Gomez, Venezuela’s Vice Minister of Commercial Policy, outlined the country’s investment proposition, highlighting 303 billion barrels of proven oil reserves and 193 trillion cubic feet of natural gas.

“Venezuela combines a large hydrocarbon resource base with refining infrastructure and a market that needs reliable energy,” he said. “The opportunities extend from upstream projects to downstream and refining.”

The country’s amended Organic Hydrocarbons Law introduces new ways for international companies to enter the market. Hydrocarbon production participation contracts allow private operators to manage designated assets, oversee operations and market production under negotiated terms. Agreements can extend for 25 years, offering a longer investment horizon for field development and rehabilitation.

Restructured joint venture companies provide another route, retaining majority state ownership while allowing international partners to take on operational responsibilities through approved agreements. Direct ministerial contracts and strategic alliances offer additional opportunities in field redevelopment, oilfield services and infrastructure.

Venezuela is seeing a lot of interest as a result of aggressive fiscal and regulatory changes that are making the country more attractive

Potential investments span heavy-oil production in the Orinoco Belt, mature onshore fields, offshore gas, pipeline rehabilitation, export terminals and refinery upgrades. Venezuela’s target of signing 105 definitive oil contracts by year-end reflects its wider effort to attract operators and accelerate project development.

Scott Gilbert, CEO and Executive Director of Corcel Plc and Non-Executive Chairman of Apertura Energy, highlighted investor interest in the changing regulatory environment. “Venezuela is seeing a lot of interest as a result of aggressive fiscal and regulatory changes that are making the country more attractive,” he said.

Alongside these commercial opportunities, Venezuela is promoting its technical expertise through the Venezuelan University of Hydrocarbons (UVH). Celia Bejarano, the university’s President, explained how the institution trains engineers and geologists in geophysics, reservoir engineering, well management, natural gas and petrochemicals.

“The Venezuelan University of Hydrocarbons was created to deliver a specialized institution where the country can train its own recruits to develop its own premier resources,” Bejarano said.

Through its Africa-Venezuela Energy Partnership with the African Energy Chamber (AEC), UVH is advancing technical training, knowledge exchange and workforce development. The initiative could help African energy projects apply Venezuela’s experience in heavy-oil production and offshore engineering while strengthening local capabilities. Rene Awambeng, founder and managing partner of Premier Invest, highlighted this opportunity for African developers.

“When we are developing our assets here, we always import talent,” he said. “With the Venezuelan University of Hydrocarbons, we can actually leverage Venezuela’s immense experience to support local content development here in Africa.”

Also speaking during the discussion, NJ Ayuk, Executive Chairman of the AEC, emphasized the strategic value of closer ties between the regions. “Our energy industry has an amazing ally in Venezuela,” he said, describing the country as “open for business and ready to partner with Africa.”

Distributed by APO Group on behalf of African Energy Chamber.

 




 

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African Energy Chamber (AEC), S&P Global Energy Sign Five-Year Partnership for African Energy Week

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African Energy Week

S&P Global Energy has renewed and formalized a long-term relationship with AEW as the event connects African energy projects with investors and commercial partners

CAPE TOWN, South Africa, October 14, 2026/APO Group/ –The African Energy Chamber (AEC) (https://EnergyChamber.org/) and S&P Global Energy have signed a memorandum of understanding renewing their official partnership for the African Energy Week (AEW) conference and exhibition for five years, through the 2031 edition, establishing a long-term relationship around the continent’s energy investment platform.

 




 
 

The agreement was signed during the opening ceremony of AEW 2026 in Cape Town by Christian Nilsson, Chief Commercial Officer of S&P Global Energy, and NJ Ayuk, Executive Chairman of the AEC. It formalizes a partnership between one of the world’s leading market intelligence and research firms and Africa’s biggest energy conference, laying the foundation for long-term engagement and collaboration. The partnership is also set to produce a new State of Energy in Africa report, with findings to be shared at the conclusion of AEW 2026.

Africa competes for capital against every other region in the world, and the countries that win will be the ones that can show investors the numbers

S&P Global Energy provides market intelligence, data and analysis across energy and commodities. Its work supports commercial decisions on supply, demand, pricing and investment, which are areas relevant to African companies seeking capital and international investors assessing opportunities across the continent.

The partnership comes as African energy markets seek investment across upstream development, gas infrastructure, electricity generation, refining and industrial processing. Access to market information helps investors assess project economics, compare opportunities and understand the conditions influencing long-term returns.

“Africa competes for capital against every other region in the world, and the countries that win will be the ones that can show investors the numbers,” said Ayuk. “S&P Global Energy brings analytical rigor to AEW. Locking in this partnership through 2031 means the governments and companies that come to Cape Town will keep getting world-class data insights alongside the deals being signed on our stages.”

Considered Africa’s premier energy marketplace, AEW brings project owners and prospective partners together through investment forums, country spotlights, technical discussions, an exhibition and commercial meetings. The event program spans oil and gas, power, energy finance and emerging technologies, connecting policy discussions with the requirements of companies developing and funding projects.

The five-year agreement establishes a sustained relationship between the AEC and S&P Global Energy as AEW continues to connect African energy opportunities with global capital and expertise.

Distributed by APO Group on behalf of African Energy Chamber.

 

 




 

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Etu Energias, Chariot, BW Energy Sign Master Agreement at African Energy Week (AEW) 2026

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African Energy Week

The Master Agreement covers technical and financial collaboration, strengthening a partnership between the companies

CAPE TOWN, South Africa, October 14, 2026/APO Group/ –Angola’s Etu Energias has signed a Master Agreement with Chariot and BW Energy covering technical and financial collaboration. The agreement aims to support Etu Energias’ growth strategy in Angola and reflects a shared ambition between the parties to build a long-term and growing relationship for the benefit of all stakeholders.

 




 
 

The agreement was signed during the opening ceremony of African Energy Week 2026 by Edson Dos Santos, CEO of Etu Energias; Duncan Wallace, CTO and Board Member of Chariot; and Ali Athar, Senior Vice President of Finance and Accounting at BW Energy. It demonstrates continued confidence in Angola’s upstream sector as well as the capacity of the country’s indigenous companies. Etu Energias, Angola’s first private oil and gas exploration company, has grown production to 25,000 bpd within five years and is targeting 100,000 bpd by 2030. The agreement aims to improve access to commercial solutions and capital with the goal of supporting long-term sector development.

The signing follows a framework agreement announced by Chariot on September 1 between Etu Energias, BW Energy and Chariot to support Etu’s acquisition of Chevron’s additional 31% interest in Angola’s Block 14 and 15.5% interest in Block 14K. The partnership established a basis for technical and operational support as Etu seeks to assume operatorship of Block 14, with Shell Western Supply and Trading providing the acquisition debt funding.

For Etu Energias, the transaction supports its ambition to expand production and operating capacity in Angola. Already a stakeholder in the licenses, the company brings knowledge of the assets, while BW Energy and Chariot contribute complementary technical expertise.

For BW Energy, the framework marks a strategic entry into Angola and an extension of its West African growth strategy. An August company announcement identified opportunities to develop nearby reservoirs through connections to existing infrastructure, optimize production and reduce operating costs. BW Energy’s support gives it economic exposure to future cash flows corresponding to approximately 8,000 bpd, subject to completion and applicable approvals.

For Chariot, the September agreement adds economic exposure equivalent to approximately 4,000 bpd in return for services and support. Shell Western Supply and Trading’s role centers on acquisition financing. The company will provide all acquisition debt funding required at completion of the Chevron transaction.

Distributed by APO Group on behalf of African Energy Chamber.

 




 

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