By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Independent News ExpressIndependent News Express
  • Home
  • International
    InternationalShow More
    United Nations
    4th International Conference On Financing For Development Delivers Renewed Hope And Action For Sustainable Development
    3 months ago
    The African Development Bank and the United Nations Human Settlements Programme (UN-Habitat) scale up drive for sustainable urbanization in Africa
    AfDB, UN-Habitat Scale Up Drive For Sustainable Urbanisation In Africa
    3 months ago
    UN
    North Africa: Green Climate Fund Approves Record $300m For FAO-designed Projects In Papua New Guinea, Saint Lucia, The Sahel
    3 months ago
    UNICEF
    How Wars Across Middle East, North Africa Affecting Children – UNICEF
    3 months ago
    UNDP
    UN Development Programme Welcomes Historic Deal On Sustainable Development Even Amidst Global Turmoil
    3 months ago
  • Africa
    Africa
    Show More
    Top News
    African Union Member States Pledge To Improve Nutrition And Food Security In Africa
    3 years ago
    Climate Change: How Women Weather The Storm In Sudan
    3 years ago
    New Visa Requirement For Namibian Nationals Visiting the United Kingdom
    2 years ago
    Latest News
     South Africa’s Think 20: Experts Address How Africa Can Bridge Digital Divide And Achieving Financial Inclusion
    6 days ago
    U.S. Africa Command Commander Visits West Africa, Underscores Partnership In Addressing Evolving Terrorism Threat
    1 week ago
    West Africa Regional Preparatory Workshop For COP30 On Climate Change Opens In Dakar
    1 week ago
    Systemic Racism Against Africans And People Of African Descent In Criminal Justice Systems Is Pervasive
    1 week ago
  • Corporate News
    • Media Outreach
  • Politics
    Politics
    Show More
    Top News
    Nobody Can Hijack Our Mandate, Vows Osun Gov, Adeleke
    3 years ago
    PDP To Osun People: Oyetola Is A ‘Political Leprosy’, Run For Cover
    3 years ago
    UI Alumni Association Hails Okowa’s Giant Strides In Delta State
    2 years ago
    Latest News
    EU, ADC Parley: Calls for Electoral Reforms To Guarantee Free, Fair, Credible Polls In Nigeria
    12 hours ago
    NSC Chairman To Engage With Youth And Sports Stakeholders At The Nest Centre
    2 months ago
    Edo District Bye-election: SDP Candidate, Hon. Isidahomhen Promises To Pursue Best Interest Of Esanland 
    2 months ago
    PHOTOS: Vinod Obasa Takes Oath Of Office
    2 months ago
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
    News
    Show More
    Top News
    Ondo Governor, Akeredolu Begins Construction Of First Flyover In Akure
    2 years ago
    Celebration Of Life: Reverend Adewumi Jegede Of Later House Of God Assembly Buried Amid Pomp
    1 year ago
    Pa Abdulfatah Amoo Ayanwale
    Pa Ayanwale Dies At 76, Fidau Prayers Holds 8 August
    2 years ago
    Latest News
    Anambra Traditional Ruler For Burial 9 October
    20 hours ago
    Lagos Hosts Eko Skills Development Initiative For Youths
    3 days ago
    October 1: Nationhood Must Translate Into Better Living Conditions For Nigerians, CAPPA Tells FG
    4 days ago
    EX-APC Chairman Sad Over Bandit Killings In Oke-Ode And Other Parts Of Kwara 
    6 days ago
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
    Entertainment
    Show More
    Top News
    Temi Otedola Makes Her Stage Debut In Motherland The Musical
    3 years ago
    Discover Exciting Programmes with Ease on GOtv
    2 years ago
    Nigerian Afrobeat Artiste WONDA Drops Captivating Summer Anthem ‘Ibiza’
    2 years ago
    Latest News
    GOtv Stream vs. Traditional TV: Why Viewers Are Loving the Flexibility
    2 weeks ago
    Securing Africa’s Digital Future: Entertainment in Safe Hands
    2 weeks ago
    BBNaija S10: Joanna, Mide, and Isabella Clash as Denari and Tracy Exit the House
    3 weeks ago
    Akamai Adaptive Media Player 2: Bitmovin And Akamai Set New Streaming Standard
    4 weeks ago
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
    Lifestyle
    Show More
    Top News
    Ilara-Epe Kingdom To Confer Chieftaincy Title On Trinidad and Tobago Envoy
    2 years ago
    Kida, Ejidike Felicitate With Nigerians On Christmas And New Year Celebrations 
    3 years ago
    Heritage Confectionery
    ADICC set for Irish African Food Festival
    1 year ago
    Latest News
    Ambassador Raffy Bello Greets Imperial Majesty, Ooni Enitan-Ogunwusi, As Olojo Festival Begins In Ile-Ife
    1 week ago
    Preserving African Culture: Polaris Bank , Chivita, And Danone Support CIKDAS’ Youth Literary Initiative
    4 weeks ago
    Nigeria, Switzerland Takes Major Steps Towards Repatriation Of Artifacts And Cultural Cooperation
    1 month ago
    Archbishop Ugorji Hails St. Helen’s Choir As One of the Best Choirs in Owerri Archdiocese
    1 month ago
  • Business
    • Banking & Finance
    • Oil & Gas
    BusinessShow More
    Unity Bank Shareholders Approve Merger With Providus Bank
    1 week ago
    Yomi Joseph Digital Pr Launches 360° Marketing Solutions To Transform Brands Into Industry Leaders
    2 weeks ago
    Gov Abiodun Showcases Ogun Investment Opportunities At AfCFTA In Algeria
    4 weeks ago
    Intra-African Trade Fair
    Nigeria To Host Intra-African Trade Fair In 2027
    4 weeks ago
    Bank of Agriculture
    How Nigeria-Brazil Pact Will Boost Agricultural Investment, Food Security – BOA
    1 month ago
  • Health
    Health
    Show More
    Top News
    WHO
    WHO Gives Nigerian Laboratory Full Accreditation To Fight Measles And Rubella
    3 years ago
    European Union Allocates N75m To Prevent Spread Of Diphtheria In Nigeria
    3 years ago
    US Govt Must Heed Lessons Of PEPFAR – AIDS Society Warns
    2 years ago
    Latest News
    2025 World Pharmacist Day: Lagos Takes Healthcare To Ikorodu Communities
    5 days ago
    World Heart Day: Adopt Healthy Food Policies, CAPPA Tasks FG, States
    6 days ago
    Lagos Takes Fight Against HIV To Communities
    1 week ago
    Nigeria’s Health Financing: Lessons From Canada’s $32.5bn Tobacco Settlement
    2 weeks ago
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Reading: Energy Investments: African Energy Chamber Backs Invest In Paris’ African Energy Forum
Share
Notification Show More
Aa
Independent News ExpressIndependent News Express
Aa
  • Home
  • International
  • Africa
  • Corporate News
  • Politics
  • News
  • Entertainment
  • Lifestyle
  • Business
  • Health
  • More
Search
  • Home
  • International
  • Africa
  • Corporate News
    • Media Outreach
  • Politics
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
  • Business
    • Banking & Finance
    • Oil & Gas
  • Health
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Independent News Express > Blog > Africa > Energy Investments: African Energy Chamber Backs Invest In Paris’ African Energy Forum
AfricaBusiness

Energy Investments: African Energy Chamber Backs Invest In Paris’ African Energy Forum

Last updated: 2024/01/10 at 12:35 PM
2 years ago
Share
African energy
SHARE

The African Energy Chamber (AEC) – representing the voice of the African energy sector – proudly announces its official endorsement and unwavering support for the upcoming Invest in African Energy (IAE) forum, taking place in Paris on May 14-15.

Organized by Energy Capital & Power (https://EnergyCapitalPower.com), IAE 2024 is set to ignite the industry by bringing together European and international investors with African heads, independents and entrepreneurs to sell new projects and access unparalleled opportunities within the African energy landscape.

Returning to Paris for its second edition, the forum establishes new avenues for engagement between European and African stakeholders. Centered on not only investment, but also mutually beneficial partnership and collaboration, the forum unites African energy ministers, heads of National Oil Companies and independents with their European counterparts, driving opportunities for growth and deal making. The 2023 edition of the event saw the signing of several exciting deals and partnerships, which is expected to continue in 2024 as Europe becomes an increasingly strategic partner to Africa.

France has long been a critical player in Africa’s energy industry, opening up frontier basins and spearheading infrastructure-led growth. Representing the largest French project developer in Africa, TotalEnergies stands out in this arena, developing transformative projects like Mozambique Liquefied Natural Gas (LNG) and Uganda’s Lake Albert Development, while driving upstream activities in South Africa, Angola, Libya and many more. In Namibia, TotalEnergies made a sizable offshore discovery in 2022, triggering a new wave of exploration drilling from International Oil Companies.

- Advertisement -
Ad imageAd image

Perenco – leading independent hydrocarbons producer and one of the largest taxpayers in Africa – stands out for its sustained commitment to the continent. The company recently completed a 3D seismic acquisition campaign in the Republic of the Congo, while bringing new wells online and leading the construction of the $1-billion Cap de Lopez LNG facility in Gabon. Perenco stands as a beacon of operational excellence, particularly in the CEMAC region, where it fosters growth through technology and innovation.  

On the service side, companies like Technip Energies and SLB have proven to be critical partners for African oil and gas projects. From servicing offshore projects such as Greater Tortue Ahmeyim LNG in Senegal and Mauritania and Coral Sul Floating LNG in Mozambique, to driving commercial oil and gas projects in Nigeria, Angola, Algeria, Congo and many more, these companies are not only supporting new hydrocarbon developments, but also contributing to a just energy transition in Africa.

Meanwhile, French renewable energy developers continue to make progress in driving Africa’s energy transition. Companies like Engie; EDF Renewables, Voltalia and many more have invested heavily in Africa’s solar, wind and hydropower potential, and while these investments have increased installed power generation capacity, further commitments are needed to achieve both climate and energy security goals.

“Africa stands as the last energy frontier, brimming with untapped potential that demands not only new investments, but also strategic collaboration and a far more balanced dialogue. The IAE 2024 forum in Paris is a testament to our collective commitment to harnessing this potential. It is a clarion call to energy investors and stakeholders, urging them to invest in Africa, drive projects and make energy poverty history by 2030. On behalf of the AEC, we are proud to support this forum and strongly encourage all of our members and associated countries to participate,” stated NJ Ayuk, Executive Chairman of the AEC.

To achieve the Sustainable Development Goals outlined by the Paris Agreement by 2030, Africa requires an additional $194 billion in annual finance. While the continent has over 125 billion barrels of proven oil reserves, 620 trillion cubic feet of natural gas and unparalleled potential in renewable energy, much of these resources remain undeveloped, presenting lucrative opportunities for foreign investors, particularly those in Europe. IAE 2024, therefore, could not come at a better time for the continent. This endorsement underscores the AEC’s commitment to fostering strategic partnerships, unlocking capital inflows, and propelling the continent towards a future marked by sustainable energy development and growth.

As the African Energy Chamber, we stand resolutely committed to steering the continent towards a future fueled by sustainable energy development. The forum serves as a platform to forge partnerships, initiate dialogues, and chart a course towards a thriving energy landscape that uplifts communities and economies across Africa.

You Might Also Like

 South Africa’s Think 20: Experts Address How Africa Can Bridge Digital Divide And Achieving Financial Inclusion

Unity Bank Shareholders Approve Merger With Providus Bank

U.S. Africa Command Commander Visits West Africa, Underscores Partnership In Addressing Evolving Terrorism Threat

West Africa Regional Preparatory Workshop For COP30 On Climate Change Opens In Dakar

Systemic Racism Against Africans And People Of African Descent In Criminal Justice Systems Is Pervasive

INadminNG January 10, 2024 January 10, 2024
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Print
Previous Article AFCON 2024 2024 AFCON: Prince Kazeem Eletu Boss Wishes Eagles Best Of Luck
Next Article Young Professionals For Tinubu Charges Eagles To Make Nigeria Proud At AFCON 2024 
about us

Independent News Express (iNews Express), a publication of 4Ds Nigeria Limited, is birthed out of the desires of the founding fathers to report News as it is.

We value Professionalism, Excellence, Service, Creativity and Integrity.

The Company

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy

Quick Links

  • Advertise with us
  • Newsletters
  • Deal

Categories

Find Us on Socials

© Independent News Express. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?