- The interactive and networking event is expected to unite African and Global energy stakeholders.
- With over 1.5 trillion cubic feet of natural reserves, Equatorial Guinea represents one of the continent’s biggest hydrocarbon markets.
- The AEC is a strong advocate for the continent, and through AEW 2021, has emphasized Africa’s position in global energy dialogue
The Equatorial Guinea’s Ministry of Mines and Hydrocarbon has all reason to smile as they gear up preparations to represent the country as the diamond sponsor at the high-profile African Energy Week 2021.
In a press statement sent to the newsroom, the African Energy Chamber (AEC) confirmed that the country’s Ministry of Mines and Hydrocarbon’s (MMH) will be the diamond’s sponsor.
The highly anticipated 4-day event of the African Energy week (AEW)2021 will take place in Cape Town, South Africa between the dates of 9th-12th this month.
The interactive and networking event is expected to unite African and Global energy stakeholders, drive industry growth, and promote Africa as the destination for Africa-focused events.
Although there will be other diamond sponsors at the event, Equatorial Guinea will be the biggest sponsor and the ministry through its able hands of H.E. Gabriel Obiang Lima will be granted an opportunity to see off different discussions on Africa Energy, cement partnerships regionally, and enhance a more interactive dialogue.
With over 1.5 trillion cubic feet of natural reserves, Equatorial Guinea represents one of the continent’s biggest hydrocarbon markets and Support from an industry giant such as this only reaffirms AEW 2021’s status as the continent’s top energy event, emphasizing the role the event will play in driving Africa’s energy future.
It will be one of the best platforms to place Equatorial Guinea in the Gas player’s charts in the world, to air their plans, reforms, and what lies ahead for those who want to cease the investment in the said sector.
Africa Energy Week is a platform that was brought to life by the African Energy Chamber during the covid-19 period after the African Oil Week (AOW) abandoned the continent for international avenues.
This platform will provide the continent with opportunities for engagement, discussions, and deal-making, all of which are critical, now more than ever, for advancing Africa’s energy and economic recovery in the wake of the COVID-19 pandemic.
The Mines and Hydrocarbon resources in Equatorial Guinea have reshaped the fast-growing gas player to international recognition hence offering more investment opportunities.
Notwithstanding the Proposed revisions to the country’s Hydrocarbon Law aims to incentivize investment across the entire value chain, with increased regional and international participation a top priority.
The African Energy Week 2021 in Cape Town will be key to the country’s gas future as it will be a golden chance for the Ministry to highlight the said Laws as well as offer insight for emerging players and interested stakeholders.
Already, the country has seen the active participation of notable legacy players, including but not limited to ExxonMobil; Marathon Oil Corporation; Kosmos Energy; Noble Energy; and Chevron.
The MMH is focused on enhancing exploration in the country, and as a diamond sponsor in Cape Town, is well-positioned to engage with global stakeholders, attracting new entrants into the industry and driving the country’s gas progress.
According to the statement, MMH will be mostly aiming to provide more insights on Equatorial Guinea, particularly on the country’s progress regarding regional collaboration and its consolidation as a Gas Mega Hub (GMH).
The MMH will make a strong case for regional cooperation at AEW 2021, using the country’s success with Cameroon in which Equatorial Guinea is fostering trade for regional growth as well as Nigeria with recent talks regarding enhanced gas supply chains between the countries to drive dialogue.
“In Cape Town, the MMH is focused on signing deals, partnering with regional stakeholders, and incentivizing new entrants into the country’s lucrative market. The AEC is honored to host the MMH as a diamond sponsor and excited to see the Ministry drive Africa’s energy future into a new era of success,” stated Tomás Gerbasio, Conference Director for AEW 2021.
The AEC is a strong advocate for the continent, and through AEW 2021, has emphasized Africa’s position in global energy dialogue, not only giving African stakeholders a voice but enabling them to drive the discussions that will impact Africa’s energy future.