Representing the cleanest and most widely available fossil fuel in Africa, the continent has more than 620 trillion cubic feet (tcf) of proven gas reserves, with new exploration campaigns scheduled to double this figure: monetization and utilization of gas will enable Africa to make history out of energy poverty by 2030.
In addition to opportunities for power generation, gas represents the ideal resource to power industries and homes, providing heat and clean solutions for cooking.
At a time when more than 900 million people lack access to clean cooking solutions in Africa, it is essential to strengthen the supply and distribution of products such as liquefied petroleum gas (LPG).
In line with this goal, LNG market specialist Avedia Gas has joined African Energy Week (AEW) 2022 as a bronze sponsor, further cementing the company's role in Africa's energy future.
During AEW 2022, Avedia will participate in panel discussions, networking events and meetups, furthering the dialogue on gas in Africa and the role that LPG has and continues to play.
Avedia Gas has played and continues to play an important role in strengthening the supply of LPG in the southern African market, improving access to clean cooking and improving the processing and handling of LPG in South Africa.
Since its establishment, the company has developed bulk handling and import facilities, serving as one of the main LPG suppliers in the country.
The company is focused on further expanding the national and regional LPG market, with AEW 2022 representing the ideal platform to secure new partnerships and agreements that will allow it to achieve its growth goals.
For Africa, strengthening the LPG market in 2022 is key.
Large-scale exploration and production projects are currently underway across the continent offering the opportunity for local people to benefit from both energy and cooking solutions.
In Africa, projects such as the 15 tcf development of Greater Tortue Ahmeyim in Senegal and Mauritania, the first phase of which is scheduled to come online in 2023; Equatorial Guinea's 3.7 million tonne per year (mtpa) Punta Europa liquefied natural gas (LNG) terminal, which aims to enhance intra-African gas trade; and the 171mfd Sankofa Gas Project in Ghana is set to bring new supplies online.
Meanwhile, in southern Africa specifically, more than 100 tcf of reserves in Mozambique; 11 tcf in Angola; and possibly 20 tcf in Zimbabwe are set to transform the market, with the regional LPG sector set to witness a boom of its own.
Meanwhile, new gas infrastructure developments aim to significantly improve intra-African gas trade, allowing domestic markets across the continent to benefit from improved natural gas supply.
Taking advantage of the African Continental Free Trade Agreement, several projects have been launched, including pipelines and trade infrastructure.
“By 2022, more than 900 million people will lack access to clean cooking solutions.
This is a crisis, which directly affects the African population and will continue to cause health and socio-economic problems unless new fuel solutions are introduced to the African market.
Gas is the solution to this crisis.
Abundant supplies from the continent and accelerating project development promise a new era of distribution and utilization, and with companies like Avedia Gas, who are committed to improving the supply and distribution of gas-related products like LPG, the future of continent is brilliant”, says NJ Ayuk, Executive Chairman of the African Energy Chamber (AEC), adding that, “During AEW 2022, discussions on the role of gas and LPG in Africa’s energy and economic future will be furthered.” .
The African Energy Chamber (AEC) is pleased to announce that next year's edition of the African Energy Week (AEW) (www.AECWeek.com) will take place from October 16-20, cementing AEW as Africa's premier energy event.
AEW 2023 will once again bring together global energy ministers, key players and executives from the public and private sectors for a week of networking and negotiation in Cape Town, bringing together industry stakeholders, international speakers and who's who.
of the African energy sector.
“The 2023 event will be even bigger and better than before and will highlight major achievements, developments, deals and discoveries made across the African continent,” says NJ Ayuk, CEO of AEC, adding that “AEW 2023 will be the place for investors to become familiar with African opportunities, driving the continent's energy transformation and associated socio-economic growth.
Next year's event will further highlight the role that enabling environments will play in attracting investment and make a strong case for ease of doing business in Africa's energy sector.
AEW 2023 will continue to be the beacon and platform for discussion and action to make energy poverty history by 2030.” With emerging opportunities coming online across the continent, Africa's energy stakeholders are committed to driving the continent's multi-sector energy growth.
Opportunities and emerging sectors will once again be at the forefront of AEW.
South Africa and Namibia, for example, are on the verge of becoming hydrogen economies.
Additionally, countries such as Senegal, Mozambique, and Nigeria are aggressively pursuing natural gas expansion.
Meanwhile, priority has been given to upgrading the continent's downstream and downstream industries, with the recently launched Central African Pipeline System set to play a critical role, not only in improving processing and refining capacity in Africa, but also in strengthening the distribution of refined products.
Cutting red tape and enabling ease of doing business on the continent through updated and refined regulatory reforms, such as the Nigerian Petroleum Industry Act and the Republic of Congo Gas Master Plan, among other topics, will be broken down at AEW 2023.
“Be part of the African energy revolution, where we make decisions about the future of the continent's natural resource and energy sectors.
Be part of AEW 2023”, concludes Ayuk. AEW, in association with various international oil companies, national oil companies and governments, is the AEC's annual conference, expo and networking event.
Representing the continent's premier event for the energy sector, AEW unites African energy stakeholders with international investors and partners to drive the growth and development of the industry, promoting Africa as the destination for energy investments.
Representing the continent's premier event for the oil, gas and renewable energy industries, African Energy Week (AEW) 2022 (https://AECWeek.com/), which will take place from October 18-21 this year in Cape Town will host the Just Energy Transition Concert, a large-format music concert that will take place on October 17 at the Cabo Beach Club. With a mandate to make energy poverty history by 2030, and underpinned by the theme of this year's event, Exploring and Investing in Africa's Energy Future While Driving an Enabling Environment, the Just Energy Transition Concert is made possible by to a partnership between the philanthropic institution The Black Impact Foundation (BIF) and the African Energy Chamber (AEC), celebrating African music, culture and heritage, and serving to promote diversity, inclusion and the socio-economic well-being of Africans in the continent.
In addition to driving the narrative and theme of this year's event, which will focus heavily on the role of energy in Africa's energy future and the need for a just energy transition, the concert will reaffirm AEW 2022's commitment to enable cross-sector collaboration while promoting foreign direct investment in the continent.
Bringing together African energy leaders, global investors and executives from across the public and private sector, the event returns bigger and better than ever, the interactive conference, exhibition and networking event will be the perfect platform to kick off the Just Energy of the association.
Significant potential will be unlocked at this year's premier event, as Africa's growing competitive music industry and position as an attractive event destination begins to take off and lead towards an integration of culture and industry.
Consolidating AEW 2022's efforts to promote investment, development and broader participation in the energy industry, the concert will combine the music and culture of Amapiano and Afrobeats with dialogues on energy, while offering stakeholders and Music lovers the unique opportunity to interact with each other and spark discussion.
surrounding Africa's energy future.
“This partnership will build, develop, sustain and protect an inclusive society in the African energy space, with BIF's efforts to advocate for socio-economic change, drive greater diversity, inclusion and well-being, in line with the Chamber's commitment to the the sustainable development of Africa through the development of resources, the creation of local content and the transfer of skills”, says Clarence Seedorf, president of the Black Impact Foundation, adding that “this Amapiano and Afrobeats concert, which will take place ahead of AEW 2022, it will drive the narrative of an inclusive energy transition in Africa for Africa, inviting young Africans to participate in our energy narrative and make energy poverty history.” States NJ Ayuk, Executive Chairman of the African Energy Chamber (AEC) AEW 2022, which will take place in Cape Town from October 18-21, will drive a strong debate on how resource extraction can translate into poverty alleviation energy, bringing together industry professionals and regional energy leaders.
and global financiers during four days of networking, dialogue and negotiation.
BIF's participation in this year's event will be key to promoting interest in Africa's development, demonstrating that Africa's potential cannot be underestimated.
Eradicating energy poverty by 2030 will require unlocking the full potential of the growing youth population, promoting opportunities for Africa's youth in energy, incentivizing investment in human capital development, and driving the narrative that the energy transition is one of the issues of most important discussion for the AEC and BIF in AEW 2022.
Under the theme Exploring and investing in Africa's energy future while promoting an enabling environment, the 2022 edition of the African Energy Week (AEW) (https://AECWeek.com/), which will take place from 18 to 21 October in Cape Town, will not only push Africa's narrative forward on global energy issues, but also showcase the significant opportunities available across the continent's energy sector and value chain.
In line with this, AEW 2022 will officially host an Invest in Equatorial Guinea side event, providing a platform where potential investors can learn directly about opportunities in Equatorial Guinea.
Representing one of Africa's most prominent oil and natural gas markets, Equatorial Guinea has seen a number of large-scale projects take off in recent years, demonstrating the potential of the country's resources.
On the oil front, projects such as the 10,000-barrel-per-day modular crude oil refinery at Punta Europa and the various drilling campaigns currently underway by companies such as Trident Energy, Chevron and ExxonMobil make the potential of oil clear.
However, it is the country's gas sector that has attracted and will continue to attract significant investment and the participation of major players.
Equatorial Guinea's market success can be largely attributed to its position as a regional gas hub.
Utilizing the more than 11 trillion cubic feet of proven resources in the country and taking advantage of its strategic location in close proximity to other resource-rich nations in West Africa, the government of Equatorial Guinea has focused its efforts on expanding gas-related infrastructure so that regional resources can be processed and subsequently distributed from the Punta Europa facility in Equatorial Guinea.
Through its Gas Mega Hub project, the country has succeeded in tapping into untapped national and regional offshore resources, and the development has already seen significant success since its inception.
However, the opportunities for investors are just beginning, with the Invest in Equatorial Guinea side event set to showcase new perspectives, promote new deals and drive new developments in the regional gas space.
The session is prepared to make a strong commitment to investment in regional gas projects.
With the Gas Mega Hub premise of unlocking both national and regional gas reserves, the government of Equatorial Guinea is focused on boosting exploration and production throughout the West African gas landscape so that Equatorial Guinea can develop its potential to be a regional center.
process these resources and distribute them throughout the continent.
As such, the Invest in Equatorial Guinea side event is key as it lays the groundwork for strong growth in West Africa, this year and beyond.
“Equatorial Guinea is one of Africa's heavyweights when it comes to natural gas monetization, and although the market has seen significant success since the introduction of the Gas Mega Hub development, there are still numerous lucrative opportunities for regional and international financiers.
With gas emerging as the fuel of the future in Africa, investing in Equatorial Guinea will ensure that your company is at the center of the continent's energy revolution”, says NJ Ayuk, Executive President of the African Energy Chamber (AEC).
The Invest in Equatorial Guinea side event will be organized by the Ministry of Mines and Hydrocarbons of the Republic of Equatorial Guinea and sponsored by the global oil and gas company, Marathon Oil and the national liquefied natural gas (LNG) company, EG LNG, along with Atlantic Methanol.
Production company; Goal LNG; Atlas Petroleum International; Oranto Petroleum and ChampionX.
The side event will show Equatorial Guinea as the main investment destination, not only in terms of opportunities in the natural gas space, but in a wide variety of sub-sectors.
During the event, a specific focus will be given to the country's investment landscape, and delegates will have the unique opportunity to interact directly with leaders, policymakers and movers and shakers from across the Equatorial Guinean energy sector.
With Africa looking to accelerate its economic growth while ensuring access to energy for all, optimal production and exploitation of the continent's 125.5 billion barrels of crude oil and 620 trillion cubic feet of gas reserves is key, and oil companies (NOC) from Africa have a critical role to play.
In this regard, the African Energy Chamber (AEC) is proud to announce that the South African state-owned energy company, the Central Energy Fund (CEF), which in turn has a mandate to make energy poverty history across the continent by 2030, will be to attend and participate in the African Energy Week (AEW) conference and exhibition (www.AECWeek.com), which will take place from October 18 to 21 in Cape Town, as NOC host and platinum sponsor.
As the host NOC and platinum sponsor of AEW 2022, CEF and its subsidiaries will welcome delegates, ministers and fellow NOCs at the largest energy gathering on the continent.
Representing Africa's second largest and most industrialized economy, CEF's participation as Host NOC and Platinum Sponsor at AEW 2022, Africa's premier event for the oil and gas sector, will be crucial in shaping thoughtful discussions on how Africa can enhance investment and development around the world.
the entire energy value chain in order to provide access to energy for the more than 600 million people who currently live without it, while driving long-term sustainable economic growth.
With CEF Group working towards safe, reliable and affordable energy solutions for South Africa by 2030, the state-owned company, through its various arms including PetroSA; the Strategic Fuel Fund; the oil and gas exploration and production company, iGas Energy; and the South African Petroleum Agency, has been and continues to be instrumental in driving the growth of the energy sector throughout the Southern African region through partnerships with regional and global energy companies and investors.
With inadequate investment across the oil and gas value chain, causing the continent to suffer from chronic energy shortages and high fuel prices, CEF has become a driver of oil and natural gas developments in South Africa.
, as well as throughout the African continent.
In particular, as both Mozambique and South Africa expand their domestic gas economies, CEF is one of the key players promoting the growth of the regional integrated energy sector by developing, owning and operating the 865 km transmission pipeline connecting the two countries.
In collaboration with integrated energy and chemical company Sasol, CEF Group has also committed to reducing energy imports and ensuring long-term energy security in South Africa through increased production and use of gas resources from the country.
“The Chamber is proud to have the CEF Group as the host NOC for this year's edition of AEW 2022.
The NOC's presence at Africa's largest energy event is a strong testament to the work the ACS is doing in partnership with African NOCs and the energy market.
players to achieve a just energy transition for Africa through the exploitation of the continent's oil and gas resources.
We believe that Africa will prosper if it drills more oil and gas wells and exploits these resources to meet its energy needs.
This is what CEF and other NOCs will be discussing at AEW 2022,” said NJ Ayuk, Executive Chairman of AEC.
With the CEF seeking appropriate energy solutions to address the ongoing electricity shortage in South Africa through diversification of the energy mix, AEW 2022 presents the best platform for the host NOC to promote partnership opportunities with regional energy companies, and Investors As the Host NOC and Platinum Sponsor of AEW 2022, CEF senior executives will have access to exclusive panel discussions and networking forums where updates on NOC's current projects and future strategies in both South Africa and overseas will be shared.
the entire region.
The African Energy Chamber (AEC) is proud to announce that HE Haitham Al Ghais, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), will deliver the keynote address at this year's African Energy Week. (AEW) (www.
AECWeek.com), which will take place from October 18 to 21, 2022 in Cape Town. Following his speech, HE Al Ghais will lead an OPEC-Africa dialogue session, together with OPEC and non-OPEC African countries, seeking an aligned narrative on the future of Africa's oil and gas .
The state of Africa's oil and gas sector in 2022 has been dynamic, as new discoveries have been made, large-scale projects start, and global supply and demand curves have a direct impact on prices per barrel.
As the continent pursues an accelerated post-COVID-19 recovery thanks to oil and gas growth, challenges associated with financing, price volatility and a lack of exploration continue to shape oil and gas markets.
both African and global gas.
For Africa, achieving and maintaining market stability is critical, particularly as industry stakeholders move to capitalize on the continent's more than 125 billion barrels of oil and 600 trillion cubic feet of gas, in an effort to eradicate energy poverty.
In this sense, the recently inaugurated Secretary General of OPEC represents the ideal figure to promote discussions on market stability, with a view to ensuring an efficient, economical and regular supply of oil to consumers and constant profitability to producers.
HE Al Ghais has 30 years of experience in the global oil and gas industry, which has not only positioned him as a well-known OPEC figure, but also as an industry expert.
Prior to his inauguration as OPEC Secretary General, HE Al Ghais advised six Kuwaiti oil ministers; he held various positions at Kuwait Petroleum Corporation; and he represented a prominent member of the Kuwaiti delegation at OPEC meetings and the Declaration of Cooperation between OPEC and non-OPEC oil-producing countries.
Consequently, HE Al Ghais brings a wealth of experience to the table and is prepared to draw on his diplomatic experience to help advance discussions on the future of oil and gas in Africa.
At a time when more than 600 million Africans still lack access to electricity and more than 900 million lack access to clean cooking solutions, the accelerated development of the continent's oil and gas resources holds the key to stabilizing energy markets, alleviate energy poverty and promote sustainable socio-economic growth.
As a keynote speaker at AEW 2022, HE Al Ghais will push this same narrative forward, providing insights into market stabilization solutions and unified oil policies between OPEC and non-OPEC producing nations.
“We are proud to announce that HE Al Ghais, the recently inaugurated Secretary General of OPEC, will attend AEW 2022 and will participate as a keynote speaker.
Representing an industry leader and veteran, HE Al Ghais will be central to any and all discussions of oil and market stability.
With a variety of stakeholders spanning the continent and the energy value chain coming to Cape Town for four days of discussion and signing of agreements, the fact that HE Al Ghais is leading the dialogue speaks to the caliber of the event as the main forum for discussion.
Africa's energy future”, says NJ Ayuk, CEO of AEC.
With major global companies diversifying energy portfolios in Africa's hydrocarbon-rich basins, great opportunities continue to emerge for independent indigenous energy companies to accelerate the production and exploitation of the continent's oil and gas resources for domestic product growth.
The African Energy Chamber (AEC), as the voice of the African energy sector, continues to expand its support and collaboration with independent African energy companies to optimize the exploitation of the 125.3 billion barrels of crude oil and 620 billion feet cubic oil of the continent.
gas reserves to make history of energy poverty by 2030 and boost socioeconomic development.
In this regard, the ACS is proud to announce that Nigerian oil services company Oando Energy Services will attend and participate in this year's edition of the African Energy Week (AEW) conference and exhibition, Africa's largest event for the sector.
energy that will take place from October 18 to 21 in Cape Town, as a gold sponsor.
Oando Energy Services' participation as a Gold Sponsor at AEW 2022, representing one of Africa's largest integrated energy solutions providers with a proud heritage, is crucial in shaping serious conversations about how the continent can maximize the use of local solutions to boost exploration and production.
and the use of its vast oil and gas resources.
Through its interests in 14 exploration, development and production licenses, as well as partnerships with Nigerian energy companies and multinationals, Oando Energy Services has been instrumental in driving the country's and continent's oil and gas market.
As Oando Energy Services looks to expand its footprint in the energy market through the acquisition of near-producing fields and increased exploration activities, Africa's energy future is secure.
As the owner, supplier and operator of oil and gas drilling rigs, fluid management services and innovative drill bit systems, Oando Energy Services is well positioned to drive serious AEW 2022 discussions on the next generation solutions available to address the challenges of the continent's upstream market.
“The Chamber is honored to welcome Oando Energy Services as a Gold Sponsor during Africa's largest gathering of energy market players, investors and policymakers.
We commend the actions that Oando Energy Services is taking to boost oil and gas production from onshore and offshore assets throughout the Niger Delta basin.
The success of Oando Energy Services is a great testament that African solutions are at the core of a future we all want for Africa,” said NJ Ayuk, CEO of AEC.
As a gold sponsor, Oando Energy Services will shape high-level panel discussions and participate in various forums focused on the role of African oil and gas resources in ensuring global energy security and how it can enable the continent to embrace geopolitics.
global and energy transition.
trends to maximize the monetization of your energy resources.
Furthermore, with factors such as natural declines in legacy oil and gas projects and inadequate investments for infrastructure deployment across the energy sector affecting the growth of both Nigeria's and Africa's energy market, as a gold sponsor, Oando Energy Services You will have access to exclusive networking forums and top-level meetings where company executives will discuss the best financial solutions to renew the continent's energy industry.
Representing one of Africa's emerging international independent accelerated project developments, Norway-based multinational oil and gas exploration company BW Energy will attend and participate in this year's African Energy Week (AEW) conference ( www.AECWeek.com) and exhibition, which will take place from 18 to 21 October in Cape Town, as cocktail sponsor for the Invest in Namibia side event.
Spearheaded by the Namibian Ministry of Mines and Energy together with the Namibian Investment Promotion and Development Board and the Namibian National Petroleum Company, in association with the African Energy Chamber (AEC), the Invest in Namibia side event in AEW 2022 aims to promote investment opportunities around the world.
Namibia's rapidly expanding energy sector.
As one of the companies driving the success of Namibia's hydrocarbons market, BW Energy's participation as cocktail sponsor for the Invest in Namibia side event will help highlight the country's enormous oil and gas potential.
Since entering Namibia's hydrocarbon-rich market in 2017 through the company's acquisition of a 56% stake in the Kudu Gas project offshore Namibia, BW Energy has been committed to expanding the energy mix of Namibia, as well as the creation of local value through the monetization of stranded gas.
Furthermore, by increasing its interest in the large-scale gas project to 95% by 2021, BW Energy has become one of Namibia's leading energy players and investment drivers, and now, with the company reviewing the development concept of the Kudu Gas Project.
To meet the extraction needs and ensure strong financial returns from the project, the Invest in Namibia side event at AEW 2022 presents the best platform for the company to promote the Kudu Gas Project to regional, continental and international energy companies, investors and potential partners.
, ensuring the long term.
Long-term financing required for upstream Kudu development.
As Namibia currently relies on electricity imports to meet its domestic needs, the works being carried out by BW Energy in Kudu will help ensure the reliability of the country's power grid, fuel industrial growth and job creation, while will position Namibia as a regional energy hub.
As cocktail sponsor for the Invest in Namibia side event, BW Energy will have access to exclusive AEW 2022 networking sessions where the company will provide an update on Kudu's development, as well as future projects and plans currently in the pipeline.
With BW Energy looking to launch a massive exploration campaign to expand the Kudu reserves, the project, along with the recent massive discoveries made by TotalEnergies at the Venus prospect and by Shell at the Graff prospect, will inspire further exploration in the southern country.
In this sense, AEW 2022, Africa's premier event for the oil and gas sector, represents the best platform for companies like BW Energy to shape discussions on solutions related to investment, regulatory, environmental and environmental challenges.
technicians who disrupt upstream operations across the Namibian landscape.
“The Chamber praises the operations that BW Energy is carrying out to renew the Kudu project.
Africa needs more exploration, rapid development of gas reserves and better exploitation to meet local demand.
Through companies like BW Energy, the future of Namibia's energy sector is positive.
We are proud to host BW Energy at AEW 2022 where investment deals will be signed to accelerate the success of the Namibian oil and gas industry,” said NJ Ayuk, CEO of AEC.
Per Magnus Nysveen, head of analysis at energy market intelligence firm Rystad Energy, will shape discussions on trends, challenges and opportunities within Africa's energy sector at the African Energy Week (AEW) (www.AECWeek. com), Africa's premier event for the oil and gas sector, taking place from 18 to 21 October 2022.
Representing one of the leading business intelligence companies researching the oil and gas market in Africa, Nysveen's presence and participation at AEW 2022 is crucial in providing African regulators, investors, energy companies and international partners with insights on how the continent can navigate through the investment, infrastructure and regulatory hurdles currently restrict the growth of the energy sector.
Nysveen's vast experience in upstream oil and gas valuation, cost modeling and oil macro analysis, following 15 years of experience in such areas with global standardization and engineering firm DNV before joining Rystad Energy in 2004, will be crucial.
to boost the discussion on Africa's oil.
and future gas.
While energy poverty continues to rise in Africa, despite the continent having estimated reserves of 125.3 billion barrels of crude oil and 620 trillion cubic feet of gas, it is vital that energy stakeholders and regulators also understand the regulatory and investment needs.
as best practices to optimize hydrocarbon development to drive poverty reduction and economic growth.
In this regard, Nysveen, with his extensive knowledge of technologies and business and policy frameworks, is well positioned to shape discussions about the role of oil and gas in diversifying the continent's energy mix for energy security and industrialization.
Also, as the penetration of renewable energy resources such as wind, solar and green hydrogen remains slow due to lack of investment and expertise, the Rystad Energy executive will share best practices for Africa to accelerate the installation of renewable energies in the search for balance on the continent.
development of renewable energies and fossil fuels to achieve the goals of reducing energy poverty and energy decarbonisation at the same time.
At AEW 2022, Nysveen will participate in panel discussions and technical workshops focused on critical topics, including how Africa can address the growing energy investment and infrastructure deployment gap for a sustainable and secure energy supply while ensuring a inclusive and fair energy transition.
“The participation of Per Magnus Nysveen and the Rystad Energy team at AEW 2022 will be key to enhancing the exchange of knowledge and information on the African energy sector.
AEW is committed to providing the latest energy market data, tools, and analysis, and in doing so, helping the African market address industry challenges through better cooperation with regional and international players,” said NJ Ayuk, President executive of the African Energy Chamber (AEC).
At AEW 2022, Nysveen will share information on the latest energy developments, including oil and gas exploration and production, renewable energy installation, energy access and distributed energy resources in Africa.
The African Energy Chamber (AEC) (www.EnergyChamber.org), as the voice of the African energy sector, extends its congratulations to Jude Kearney, Managing Partner of Africa's international law firm, ASAFO & Co and Board Member AEC advisor.
, for his appointment as Chairman of the Sub-Saharan Africa Advisory Committee for the Export-Import Bank of the United States (US-Eximbank).
At a time when Africa seeks to strengthen cooperation with US energy companies, technology providers and investors to maximize the production and exploitation of its vast untapped hydrocarbon resources, Kearney's appointment as chairman of the Sub-Saharan Africa Advisory Committee is good news.
for Africa in large part due to the executive's dedication to helping African energy stakeholders and policymakers maximize upstream, midstream and downstream operations.
Established by the US Congress, the Sub-Saharan Africa Advisory Committee supports the US Eximbank in developing and implementing policies and programs aimed at expanding financial support for businesses and services in Sub-Saharan Africa.
Having provided more than $12 billion in investments in sub-Saharan Africa over the past decade and with African hydrocarbon-producing countries seeking better ties with US companies and investors to address critical energy challenges, the ACS believes this appointment will usher in a new era.
of alliances in investment and energy trading, further promoting socio-economic development in the African and US economies.
“The Chamber welcomes Kearney's appointment to US-Eximbank, and we believe he has what it takes to help Africa take advantage of the tremendous opportunities in the continent's oil and gas sector, driving socio-economic growth through US expertise, technologies and investment.
While energy market trends provide an opportunity for Africa to use local resources for energy market growth, we believe that global cooperation, as well as institutions such as the US Eximbank, will be vital in accelerating oil development.
and gas,” says NJ Ayuk, the executive chairman of the ACS.
With more than 20 years of extensive experience in oil and gas, project finance, mergers and acquisitions and privatizations in Africa, coupled with his dedication to making energy poverty history across the continent by 2030, the ACS believes Kearney is well positioned to strengthen US partnerships in Africa while creating new collaborations regarding oil and gas investment, development, monetization and exploitation.
In addition to his roles within US-Eximbank and ASAFO & Co, Kearney is the chairman of the board of directors for the nonprofit Winrock International, where the executive works to increase economic opportunity, maintain natural resources and protect the environment.
environment for disadvantaged communities.
in the United States and around the world.
Prior to his current roles, Kearney served in the Clinton Administration as Deputy Assistant Secretary for Service Industries and Business Finance and was a senior adviser on African policy.
As such, Kearney represents the ideal person to lead the continent into a new era of energy development through strengthened US cooperation and partnerships.