Africa Oil & Power (AOP) launches Renewables, African LNG and Energy Finance Event at Africa Oil & Power 2020 in Cape Town, South Africa.
It is the first time AOP is hosting the forum which is in line with the vision of South Africa’s Department of Mineral Resources and Energy, the government and private sector partners from all four corners of Africa.
The Africa Oil & Power forum 2020 will host presidents, ministers, utility and national oil company heads and renewables executives. The event will majorly focus on the driving factors behind energy transition.
The theme of the conference which marks the entrance of the African Continental Free Trade Area is ‘Invest Without Boundaries’. The Africa Oil & Power is the only conference on the continent that fully unites power and petroleum
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“AOP 2020 is the meeting place for Africa’s government officials, global investors and executives, to get deals done and continue moving the continent forward. This year’s conference will encompass the entire energy value chain, including the economic significance of expanding oil and gas exploration, the role of gas-to-power in electrifying Africa; the need to fully utilize and integrate renewables and the importance of using energy to spur growth and economic development throughout the continent,” said Africa Oil & Power Acting CEO, James Chester.
During the conference, Industry leaders will discuss gas exploration and production throughout the continent with countries including Mozambique, South Africa, Ghana and Equatorial Guinea positioning themselves as major gas players in the continent.
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The Mozambique-based Rovuma LNG project, will develop reliable, affordable energy in the form of liquefied natural gas and transform Mozambique’s future.
In Ghana, the Italian multinational oil and Gas Company ENI’s Offshore Cape Three Points (OCTP) project will provide domestic gas supply for more than 15 years to national thermal power plants helping address energy requirements in urban and rural areas. OCPT project produces 80,000 barrels of oil per day.
South Africa’s first LNG hub set to be developed at the Coega Special Economic Zone in Port Elizabeth, will raise the country’s gas economy and increase energy security.
Equatorial Guinea is introducing gas development and trade in West and Central Africa through the construction of an LNG storage and regasification plant at the Port of Akonikien. The plant is under the LNG2Africa initiative.
“AOP brings new technology to Africa and stimulates new collaboration and trade on the continent. This is the platform where the next generation of projects and deals are initiated and advanced,” said Chester.