Browsing: Eni

European Investors | Africa's energy sector
  • The continent’s abundant resource base and untapped opportunities have already begun to attract European Investors, countries, and companies.
  • Clear transition strategies and enhanced regulatory frameworks consolidate Africa’s attractiveness as an investment destination.
  • With the resources available, many African countries – either oil producers or those on the verge – have begun implementing strategies to define a long-term vision for the sector.

Amid supply challenges and efforts to diversify imports, Africa has emerged as a highly strategic investment opportunity for many European Investors, countries, and companies.

The continent’s abundant resource base and untapped opportunities have already begun to attract players from across the bloc. New market dynamics offer the chance for African countries to take tangible actions to advance the continent’s attractiveness for foreign investment.

The upcoming Invest in African Energy Forum in Paris from May 14-15 has been touted as a testament to the efforts to promote investment in the …

Luanda Oil and Gas
  • Angola’s oil and gas sector has been placed at the forefront of African energy investment.
  • Angola has regulatory reforms, infrastructure development, and exploration strategies in place.
  • Natural gas will play a crucial role in the global effort to reduce carbon emissions. Angola has 13.5 trillion cubic of natural gas.

Over the past 30 years, massive Angolan oil and gas reserves have steadily positioned the southern African country as a top destination for investors. Strong returns on investment from Angolan oil and gas are now attracting even more global market players. The country’s oil-rich acreage is paying great dividends.

Angolan oil and gas current production

The nation is currently ranked as the top oil producer in sub-Saharan Africa. Angola boasts of having confirmed reserves of 11 trillion cubic feet of natural gas and nine billion barrels of oil. The majority of these reserves are found in offshore fields, especially in the …

Cabo Delgado LNG in Mozambique
  • Several gas finds in East Africa dating decades have suffered long delays from the time they were “found”.
  • Lengthy negotiations and insecurity have marred the projects, delaying a final investment decision on their development.
  • Mozambique is already fighting Islamic insurgents in its gas-rich northern province, Cabo Delgado.

Economies across East Africa are losing billions of dollars in revenue every year because of key gas project delays in approving and developing liquefied natural gas investments, an analysis by The Exchange Africa reveals.

Several gas discoveries in East Africa dating decades, which were expected to power the region’s natural gas industry have suffered long delays from the time they were “found”. Lengthy negotiations, and insecurity have marred the projects, delaying a final investment decision (FID) on their development.

Mozambique’s gas finds

Take Mozambique, a regional economy of $41 billion GDP, for example. Mozambique reported huge gas finds in the 2010s. Industry …

Angola: Huge Investment Opportunities in fossil fuels despite production decline in Africa.
  • During the last three decades, Angola has established itself as a top-tier destination for big oil and gas companies.
  • Natural gas is an essential intermediary in the energy transition, generating fewer emissions than petroleum and coal products.
  • Angola’s regulator, the ANPG, aims to attract investment from sources other than the country’s traditional oil and gas producers.

While foreign oil firms steadily abandon African hydrocarbon resources and transfer capital spending to alternate energy sources, Africa is experiencing output reductions across significant assets. The fall in oil and gas output is primarily because Integrated Oil Companies (IOCs) are affected by lobbies urging them to withdraw from fossil fuels and invest in renewables.

Understanding the Decline in fossil fuel funding

Since loans are becoming more costly, it is becoming more difficult to borrow funds for investment in exploration, development, and production (E&P). Some financial firms are beginning to limit capital accessible for these

900moz platform

further africa

As the Mozambique LNG plant nears US$15B finance – making it the biggest private investment in Africa – two main points of view arise, diametrically opposed:

Also Read: Angola’s exceptional measures in force during sanitary enclosure

  • a more cautious short-term assessment identifies the current oversupply of natural gas worldwide, and a steep drop in price; in Asia, for instance, prices dipped so much that importers in China have released themselves from contracts claiming “force majeure”, a clause often invoked during natural disasters or war. Prices in Asia have fallen below US$3 per million British thermal units, whereas in mid-January it was comfortably above US$5/mmbtu.
  • long-term growth prospects for the second half of this decade are phenomenally promising, with Royal Dutch Shell stating that demand has already been rising (by 12.5% only last year) and it forecasts that this demand will double by 2040, reaching 700 million tonnes. The fact that