Leading Explorers and Developers Converge for Invest in African Energy (IAE) 2024 Forum in Paris.

February 22, 2024/ — Leading explorers, service providers, and developers are confirming their attendance at the forthcoming Invest in African Energy (IAE) 2024 forum, poised to be a pivotal platform for catalyzing foreign investment in Africa’s energy sector.

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With the continent articulating its investment needs – projecting $200 billion per year by 2030 to realize all energy-related development objectives – the two-day forum acts as a conduit for linking investors with African energy ministries, NOCs, and project developers.

Hosted by Energy Capital & Power, IAE 2024 stands as an exclusive forum strategically crafted to facilitate collaboration between European investors and African energy markets. Scheduled for May 14-15, 2024, in Paris, the event provides attendees with two days of intensive interaction with industry experts, project developers, investors, and policymakers. For additional details, please visit www.Invest-Africa-Energy.com.

The forum has garnered keen interest from prominent global technology and service providers, including Halliburton and Siemens Energy, who are slated to speak at the event. Halliburton, experiencing robust growth in its African portfolio by the close of 2023, is ramping up operations across diverse markets. Notably, the company is re-engaging in Libya to bolster oil production and has recently achieved a milestone of processing its 10 millionth barrel of oil at its production facility in Nigeria. Concurrently, Siemens is collaborating with local governments across the continent to implement diversified energy and infrastructure projects, ranging from undertaking the development of Angola’s Luanda Light Railway project – a pioneering initiative in Central Africa – to modernizing and expanding Nigeria’s power transmission grid.

Independent hydrocarbon producer Perenco has also committed to participating in IAE 2024 to showcase its array of advancements in Central Africa, with a primary focus on upstream exploration and gas monetization. The company recently concluded an offshore 3D seismic acquisition campaign in the Republic of Congo; commenced production at the offshore South Kole Marine oil development in Cameroon; and is spearheading the construction of the $1-billion Cap Lopez LNG Terminal in Gabon.

German project developer Conjuncta GmBH, in collaboration with Egyptian energy firm Infinity, is spearheading one of Africa’s largest hydrogen projects – a 10 GW green hydrogen facility in Mauritania. With Germany serving as both a technology provider and potential buyer of green hydrogen, the project epitomizes European-African collaboration and constitutes the largest bilateral investment in Mauritania to date. Scheduled to commence operations in 2028, the facility aims to produce 8 million tonnes of green hydrogen annually for international export.

Chariot Oil & Gas is another entity propelling transitional gas, power, and hydrogen projects in Mauritania, particularly through its Project Nour development, in partnership with Total Eren. Project Nour entails the establishment of solar and wind farms to generate low-cost green hydrogen for global export, with Chariot having inked an agreement to supply green hydrogen and its derivatives to Europe. Both hydrogen developers will showcase Africa’s diverse range of integrated energy opportunities across the entire value chain at the upcoming IAE 2024.

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