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Perenco’s Recent Deals and Activities Push an Ambitious Gas and Low Carbon Agenda

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Perenco

Independent oil and gas company, Perenco, has undertaken an ambitious gas agenda in Africa, an agenda which is set to help make energy poverty history by 2030

JOHANNESBURG, South Africa, November 17, 2022/APO Group/ — 

Independent oil and gas company, Perenco, has been driving an ambitious natural gas expansion agenda in Africa, recognizing the role the resource plays in meeting growing demand, kickstarting industrialization and socioeconomic growth while accelerating the transition to a clean energy future. The company’s gas drive has not only enabled Perenco to expand its footprint across the continent but has been instrumental in helping the continent address energy poverty through job creation, capacity building and partnerships with local companies.

Driving Sustainable Gas Developments in Africa

With over 600 trillion cubic feet (tcf) of proven natural gas resources on the African continent, Perenco has been quick to cement its position at the forefront of the continent’s gas development, driving several operations across a number of high potential markets. With gas representing the fuel of the future in Africa, Perenco has taken an accelerated approach to developing resources, implementing operational excellence and sustainability throughout the company’s gas operations.

In Cameroon, for example, Perenco, in partnership with the country’s national oil company, Société Nationale des Hydrocarbures, has developed and is now operating the Hilli Episeyo Floating Liquefied Natural Gas (LNG) facility, the first of its kind worldwide. Eager to expand its operations in the sector even further, earlier this year, the company signed a definitive conditional agreement with oil and gas exploration company, New Age, whereby Perenco will acquire all of its participating interest in the permit as well as operatorship of the Etinde Joint Venture. The deal will see Perenco taking on a more proactive role in the country’s upstream gas industry while kick starting momentum at the Etinde conventional gas development project. Finally, Perenco also has two decisive agreements for the start-up of activities at the 6.5 million cubic feet per day Keda plant. As such, Perenco’s Cameroon gas agenda is progressing rapidly.

In North Africa, Perenco acquired Anglo-Swiss multinational Glencore’s entities, with Perenco now holding Glencore’s entire upstream oil interests in the country. With the acquisition, Perenco now holds full operatorship of PetroChad Mangara – the operator of the Mangara, Badila and Krim oil fields in Chad’s Doba Basin.

Perenco’s drive for low-carbon technology, renewables and operational practices has placed its approach to resource development as a highly sought-after method

What’s more, in the Republic of Congo, Perenco has been operating since 2001, with the independent now operating both the Emeraude and Likouala fields as well as the Yombo field with the Floating Production, Storage and Offloading unit and the PNGF South fields. Perenco’s production in 2021 equated to 75,000 barrels per day (bpd), with the company looking at scaling up exploration in the high potential market even further.

Meanwhile, in the Democratic Republic of the Congo (DRC), for example, Perenco represents the only company operating, with 11 production fields producing approximately 25,000 barrels of oil per day on average while the company invests heavily in new wells. With the DRC opening up 30 new blocks as part of its 2022 licensing round – three of which are gas blocks – opportunities for Perenco’s expansion across the market even further are optimistic.

Finally, in Gabon, production activity commenced in 1992, and now, the company has increased production from 8,000 bpd to 100,000 bpd and 50 million cubic feet of gas. Holding a number of both on- and offshore licenses across the country, Perenco additionally operates two FPSO’s, with the company providing natural gas to the power stations of Libreville and Port-Gentil. As such, Perenco has become a key player in Gabon’s power sector, delivering much-needed gas for power generation and distribution across the region.

A Steadfast Partner of Africa

Through the number of gas projects being driven by Perenco, the company has remained a steadfast partner of the continent and its developmental journey. The large-scale developments being steered by the company have not only significantly improved power supply and access across the continent – a particularly critical task given that over 600 million people are without access to electricity in Africa and over 900 million without access to clean cooking solutions – but have opened up new and crucial opportunities for job creation and capacity building, with the company stepping up as a local content advocate and community developer.

Perenco’s commitment to the continent goes beyond the social aspects, with the independent remaining committed to delivering environmentally-aware operations. By striking a balance between oil and gas development and sustainability – deploying state-of-the-art technology at its operations to reduce emissions, enhance efficiency while ensuring uttermost operational excellence, Perenco has placed hydrocarbon development in line with environmental protection.

“Perenco’s drive for low-carbon technology, renewables and operational practices has placed its approach to resource development as a highly sought-after method, with the company recording its carbon emissions and disclosing them to the relevant authorities so as to improve transparency. They still hire a majority of Africans on all their operations” NJ Ayuk, Executive Chairman of the African Energy Chamber

“We at the Chamber are very impressed with the innovative initiatives they have used to reduce all scopes of emissions including reductions in energy usage through optimization and field efficiency; using gas for power generation; reducing flaring; reducing air travel; and developing gas networks, Perenco has set a benchmark for other independents across the continent”. Concluded Ayuk

Distributed by APO Group on behalf of African Energy Chamber.

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China’s digital hub Hangzhou hosts conference on AI, OPC

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June 30, 2026

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HANGZHOU, CHINA – Media OutReach Newswire – 30 June 2026 – The inaugural AI+OPC Innovation and Development Conference was held from June 29 to 30 in Shangcheng District, Hangzhou, capital city of east China’s Zhejiang Province. Centered on one-person company (OPC), a new form of smart economy in the AI era, the conference program comprised one opening ceremony and two parallel breakout sessions.

It gathered around 400 delegates from government departments, industry associations, financial institutions, AI enterprises and OPC startup operators across the country. Participants exchanged insights on AI innovation pathways and cross-industry integration strategies, injecting strong impetus into Hangzhou’s ambition to develop a national benchmark hub for AI+OPC entrepreneurship.

A series of key launches and milestone ceremonies took place during the opening segment. Official releases included the 2026 national OPC development observation report, Hangzhou’s 2026–2028 action plan and supporting policies to build a national AI+OPC entrepreneurship hub, and a catalog of actionable AI+OPC application scenarios. Attendees also received an in-depth interpretation of the specifications for AI-enabled OPC community services and evaluation.

The ceremony featured multiple landmark initiatives: plaque awarding for Hangzhou’s priority AI+OPC incubation communities and dedicated observation sites, the official launch of the AI+OPC Community Alliance initiative, and a kickoff marking the official construction of the national AI+OPC entrepreneurship hub.

The open forum session featured keynote speeches from distinguished industry and academic leaders. Speakers included Pan Yunhe, former executive vice president of the Chinese Academy of Engineering and professor at Zhejiang University; Liang Gui, former executive vice governor of Jiangxi Province and ex-director of the Torch High Technology Industry Development Center under the Ministry of Industry and Information Technology; and Zou Ling, head of Hong Hub, Shangcheng District’s single-member unicorn startup acceleration community, who shared cutting-edge insights from varied perspectives.

A panel dialogue followed, bringing together representatives from Moshu OPC Community (Beijing E-Town), the School of Future Science and Engineering at Soochow University, Qingju Hub · Future Digital Intelligence Port (Shangcheng District), and Puhua Capital for in-depth industry exchanges.

Complementary concurrent events held throughout the conference included an OPC capital-industry matchmaking salon, a symposium on industry-education integration for AI-powered OPC sectors, and a national exchange forum for AI+OPC community practitioners.

OPC has emerged as a vibrant new engine driving economic vitality and underpinning high-quality development. Against the backdrop of a new development era, the inaugural Hangzhou AI+OPC Innovation and Development Conference unites OPC innovators nationwide.

Drawing on the creative energy of millions of independent super-individual operators, the event delivers sustained digital momentum to fuel Hangzhou’s super-individual economy, while rolling out replicable local practices and actionable Hangzhou solutions to advance high-quality growth of smart economies nationwide.

 

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Hainan FTP marks 6-month milestone of special customs operations, signs deals during Hong Kong visit

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June 30, 2026

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HONG KONG SAR – Media OutReach Newswire – 29 June 2026 – As the Hainan Free Trade Port (FTP) marked the six-month milestone since the launch of its full special customs operations, a Hainan provincial delegation wrapped up a three-day visit to Hong Kong. During the visit, the delegation signed deepened cooperation agreements with several major local chambers of commerce and promoted the latest policies introduced since the island-wide special customs operations took effect.

According to data released by Hainan Province during the visit, Hainan’s foreign trade has surged since the launch of special customs operations. As of June 17, the province’s total goods imports and exports reached RMB 173.98 billion (approximately US$24 billion), up 54.6% year on year. Imports of zero-tariff goods hit RMB 2.645 billion, a 120% jump that generated tariff savings of RMB 440 million. A total of 172,100 new market entities were registered—a 61% increase—including 1,240 foreign-invested enterprises. Zero-tariff items now account for 74% of all tariff lines, benefiting more than 12,000 market entities.

During the Hong Kong visit, China Council for the Promotion of International Trade Hainan Provincial Committee (CCPIT Hainan) signed separate deepened cooperation MOUs with the Chinese General Chamber of Commerce, Hong Kong and the Hong Kong General Chamber of Commerce. Under the MOUs, the parties will establish a regular liaison mechanism for the periodic exchange of economic and trade information, and will promote collaboration in areas including professional services, green finance, the digital economy, supply chain management, and cultural tourism. Mutual enterprise service desks will be set up to provide consulting services regarding policies and projects. The parties will leverage their complementary strengths to help Chinese mainland enterprises access overseas markets via Hong Kong, while facilitating Hong Kong companies’ entry into the Chinese mainland through Hainan.

The delegation also held talks with the British Chamber of Commerce in Hong Kong and the American Chamber of Commerce in Hong Kong, exploring ways for British and American businesses to leverage Hainan’s value-added processing tariff exemptions and multifunctional free trade accounts to position themselves in regional supply chains and cross-border investment and financing. HSBC, De Beers, and other British firms are already active in Hainan, and the UK served as the Guest of Honor country at the 2025 China International Consumer Products Expo.

According to industry analysts, amid the shifting international trade landscape, Hainan is leveraging Hong Kong’s “super-connector” role to accelerate its integration with global capital and business networks, while simultaneously offering the Hong Kong business community a policy testing ground for entering the Chinese mainland market.

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Africa’s Grid Constraints Come into Focus as Regional Markets Push Toward Integration

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June 26, 2026

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Regional power pools are advancing and renewable pipelines are growing, but the regulatory and financial architecture needed to connect them remains the continent’s most critical infrastructure gap – an issue central to the Power Africa Today conference at AEW 2026

CAPE TOWN, South Africa, June 25, 2026/APO Group/ –Africa’s electricity demand is projected to nearly double to 2,291 TWh by 2050, requiring an estimated $30 billion in transmission and grid infrastructure investment to unlock and integrate new generation capacity. Yet across the continent, grid systems are struggling to keep pace with rapidly expanding supply pipelines and rising demand.

In Nigeria, repeated nationwide grid collapses as recently as February 2026 underscore the fragility of aging transmission infrastructure. In East Africa, tower failures along the 428 km Loiyangalani-Suswa line temporarily stranded output from Lake Turkana Wind Power – Africa’s largest wind installation. Meanwhile, demand growth pressures are accelerating across North Africa, where electricity consumption is expected to rise by around 50% by 2035, driven by urbanization, desalination projects, and climate-related temperature increases.

Despite these constraints, generation investment continues to accelerate across Africa, particularly in renewables, gas-to-power and hybrid systems. However, without equivalent investment in transmission and interconnection, much of this new capacity risks being underutilized or stranded. This growing imbalance between generation and grid capacity is driving a sharper focus on system-wide planning and regional market design – issues that will be central to the newly launched Power Africa Today conference at African Energy Week 2026. The platform will bring together policymakers, utilities, investors and developers to explore how regional interconnection, cross-border trading frameworks and financing structures can better align generation growth with grid expansion.

Power Markets Experiment with Reform

Alongside infrastructure challenges, Africa’s electricity sector is undergoing gradual – but uneven – market reform. Most countries still operate vertically integrated systems dominated by state utilities, but a growing number are introducing competitive frameworks to attract private capital and improve efficiency.

Zimbabwe opened its electricity market to full private participation across generation, transmission and distribution in 2025, targeting $9 billion in new investment. South Africa is advancing one of the continent’s most ambitious grid expansion programs, with plans for 14,500 km of new transmission lines and 133,000 MVA of transformer capacity by 2034, alongside mechanisms designed to crowd in private financing. Kenya, meanwhile, has introduced open access regulations enabling independent power producers to wheel electricity directly to multiple off-takers, reshaping how generation assets interface with the grid.

Interconnected electricity markets are the foundation of Africa’s industrial future

Regional Integration Remains Fragmented

Efforts to connect Africa’s fragmented power systems are progressing, though at different speeds across regions. In Southern Africa, the World Bank’s RETRADE SAPP program, approved in 2025, is deploying $12 million to strengthen renewable integration and transmission capacity across 12 member states. In East Africa, the Ethiopia–Kenya–Tanzania Electricity Highway is now in trial operations at up to 2,000 MW, marking a significant step toward a more interconnected regional grid.

West Africa is also moving toward deeper integration, with permanent synchronization of the West Africa Power Pool expected in 2026. Analysts, including the African Finance Corporation, argue that such synchronization is critical to unlocking large-scale hydropower potential and industrial demand across the region. Longer term, full synchronization between the Eastern and Southern African power pools – targeted for the end of 2026 – could create one of the world’s largest cross-border electricity trading corridors.

Building Bankable Financial Architectures

While interconnection is advancing, infrastructure alone is not enough to create investable electricity markets. Investors consistently cite the lack of standardized offtake structures, creditworthy counterparties, and cross-border payment guarantees as key barriers to scaling capital deployment.

New models are emerging to address these constraints. Africa GreenCo, operating across Zambia, Namibia and South Africa, is helping to aggregate independent power producers under a single creditworthy intermediary, standardizing power purchase agreements and reducing counterparty risk. At a broader level, AUDA-NEPAD estimates that Africa requires around $30 billion in additional investment to complete priority transmission corridors and establish three fully interconnected regional trading blocs by 2030.

“Interconnected electricity markets are the foundation of Africa’s industrial future,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “The question at Africa Energy Week is not whether integration is possible – the evidence is already there. The question is which regulatory frameworks and financial structures will get projects to financial close, and which markets will be ready when capital is looking to move.”

The Power Africa Today conference will run alongside AEW 2026, taking place October 12–16 in Cape Town, and will focus on the regulatory, financial and infrastructural architecture needed to build interconnected electricity markets capable of attracting institutional capital and delivering reliable, cross-border power at scale.

Distributed by APO Group on behalf of African Energy Chamber.

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