Latest news with #CongoEnergy&InvestmentForum
Zawya
17-04-2025
- Business
- Zawya
Congo Energy & Investment Forum Returns to Brazzaville in March 2026
The Republic of Congo will host the second edition of the Congo Energy&Investment Forum (CEIF) from March 10-12, 2026. As the country gears up for a significant increase in its oil output over the next three years and plans to strengthen its position in the natural gas sector, CEIF – under the theme Invest. Build. Empower: Transforming Congo's Energy Landscape – underscores Congo's growing role in the global energy landscape. The 2025-2026 period promises to be an exciting time for Congo's energy sector. Set to begin operations by December 2025, Phase 2 of the Congo LNG project will enable energy major Eni to increase gas production from 0.6 million tons per annum (mtpa) to 3 mtpa. Meanwhile, the Fouta refinery construction project is expected to start up by the end of the year and is set to produce 2.5 million tons of petroleum products per year – including diesel and gasoline – upon commissioning. These developments highlight the commitment of major operators to position Congo as a global oil and gas producer, with upcoming regulation and investments further supporting this goal. In the gas sector, the country is targeting 3 million tons of LNG per year by this year from Eni's Marine XII development – featuring the Congo LNG project. This target comes on the heels of Congo's February 2024 milestone where the country exported its first LNG cargo from the Tango FLNG facility. The Republic of Congo boasts over 10 trillion cubic feet of proven natural gas resources and is set to unveil its Gas Master Plan, launch a National Gas Company and release a new Gas Code this year. Driven by a series of landmark projects spearheaded by industry giants including TotalEnergies, Trident Energy and Perenco, Congo aims to nearly double oil output from the current 280,000 barrels per day (bpd) to 500,000 bpd by 2027. With aims to harness untapped reserves and maximize the potential of existing assets, this strategy will focus on expanding production in both new and mature fields. To support this goal, the country is set to launch a new international oil and gas licensing round this year. This initiative is expected to usher in a new wave of investment in sub-Saharan Africa's third-largest oil producing market. The licensing round is designed to attract international oil companies with technical expertise and financial capacity to develop deepwater resources, as well as local and independent companies to exploit marginal fields. At CEIF 2025, Congo unveiled plans to double its power generation capacity to 1,500 MW by 2030, with a strong focus on renewable energy projects. The country holds an estimated hydropower potential of 27,000 MW, though only 1% of this resource has been developed. As such, the government has identified several key projects, including water diversion and storage techniques, to maximize hydropower output. Through a series of dedicated panel sessions, technical workshops and presentations at CEIF 2026, the event will provide an in-depth look at Congo's investment landscape. The conference will highlight crucial developments across the country's energy sector as well as the broader strategic importance of Congo's energy ambitions. 'CEIF 2026 serves as a vital platform to showcase Congo's dynamic energy transformation. As the country scales up oil and gas production and prioritizes renewables, the conference fosters meaningful dialogue, attracts investment and strengthens partnerships essential to unlocking the full potential of Congo's evolving energy and investment landscape,' states Sandra Jeque, Events and Project Director at Energy Capital&Power. Supported by the Ministry of Hydrocarbons and national oil company Société nationale des pétroles du Congo, CEIF 2026 will bring together local, regional and international delegates to explore new partnership opportunities across the energy and investments sectors. This highly anticipated event builds on the success of the inaugural edition, which convened government officials, top investors, IOCs, NOCs, independents and industry experts who shared vital insights into Congo's oil, gas and energy landscape – paving the way for expanded collaboration and professional networking in 2026. For more information and to register your interest for CEIF 2026, please visit Distributed by APO Group on behalf of Energy Capital&Power.
Zawya
01-04-2025
- Business
- Zawya
Africa Energy Bank Gains Momentum with Capital Contributions from Nigeria, Angola and Ghana
In a significant development for Africa's energy sector, Nigeria, Angola and Ghana have fulfilled their capital commitments toward establishing the Africa Energy Bank (AEB). This milestone represents 44% of the minimum required funding from African Petroleum Producers Organization (APPO) members to initiate the bank's operations. Dr. Omar Farouk Ibrahim, Secretary General of APPO, announced this progress during the Congo Energy&Investment Forum last week. The AEB aims to finance oil and gas projects across the continent, addressing funding challenges posed by traditional Western financial institutions' reluctance to support fossil fuel initiatives due to environmental concerns. APPO has requested each of its 18 member states to contribute $83 million, targeting a total initial capitalization of $5 billion. Beyond Nigeria, Angola and Ghana, five additional member states – Algeria, Benin, the Republic of Congo, Equatorial Guinea and Ivory Coast – have pledged to make their payments, aligning with the bank's goal to commence operations in the first half of 2025. Nigeria remains sub-Saharan Africa's largest oil producer, offering significant opportunities in the oil and gas sector, including a 2025 bid round. The implementation of the Petroleum Industry Act has introduced regulatory reforms to enhance transparency and attract investment, driving major projects forward. Recent final investment decisions (FIDs) include TotalEnergies' $550 million Ubeta Gas Field Development and Shell's $5 billion Bonga North Project, yet additional financing is crucial to advancing Nigeria's gas agenda and unlocking its full potential in the energy transition. Angola, meanwhile, is actively diversifying its energy portfolio while advancing major deepwater developments, including TotalEnergies' $6 billion Kaminho Deepwater Project, Eni's Agogo Integrated West Hub and a limited public tender, with a long-term goal of increasing production to 2 million barrels per day. The country plans to make an FID on its first green hydrogen project by 2025 – a 600 MW development led by Sonangol in collaboration with international partners. Additionally, Angola is spearheading its first non-associated gas project, the New Gas Consortium, and undertaking a $12 billion expansion of the Angola LNG plant to enhance its gas monetization efforts. Ghana is strengthening its position as a leading oil and gas player with new commitments from Eni and Tullow Oil. In March, Eni and the Ghana National Petroleum Corporation signed an agreement to enhance offshore exploration, optimize existing assets and advance untapped reserves. This follows recent regulatory reforms aimed at improving fiscal terms, transparency and investment incentives. Tullow Oil also remains integral to Ghana's energy sector, with production from the Jubilee and TEN fields supporting economic growth and plans to launch a drilling program in May 2025 to bring new production online. Beyond hydrocarbons, Ghana is modernizing infrastructure, expanding energy access and diversifying into renewables to strengthen long-term energy security. Amid these developments, the establishment of the AEB is a strategic response to Africa's need for dedicated financial institutions that understand the continent's unique energy landscape. By providing tailored financing solutions, the Bank is poised to accelerate energy project development, enhance energy security and drive economic growth. As more countries contribute their capital shares, the bank is expected to play a pivotal role in unlocking investment, bridging financing gaps and ensuring sustainable energy expansion across Africa. With Nigeria, Angola and Ghana contributing their capital shares, the AEB is gaining momentum as a key financial institution for the continent's energy future. African Energy Week (AEW) 2025: Invest in African Energies – taking place from September 29 to October 3 in Cape Town – will serve as a vital platform to advance discussions on the AEB's role in mobilizing investment and bridging financing gaps. The conference will cover strategic topics including upstream oil and gas, downstream infrastructure, the energy transition and power industry developments. Notably, AEW 2025 will feature an energy finance stage dedicated to the latest updates from the AEB, investment trends and strategies to reduce barriers to capital access, ensuring that Africa's energy sector is well-positioned for sustainable growth. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. Distributed by APO Group on behalf of African Energy Chamber.
Zawya
28-03-2025
- Business
- Zawya
CORRECTION: Billions in Investment Opportunities Presented by Premier Invest at Congo Energy & Investment Forum (CEIF) 2025
Financial services provider Premier Invest has announced a series of investment opportunities in the African energy and oil and gas sectors. covering a range of four energy projects across Benin, Zambia and South Africa and five oil and gas projects across Nigeria and Ghana, as well as Guyana. The announcement was made on March 26 by Rene Awambeng, Founder and Managing Partner of Premier Invest during a dedicated deal-room session – Showcasing Upstream Oil and Gas Transactions in Africa – at the inaugural Congo Energy&Investment Forum (CEIF) in Brazzaville. 'The deal-room sessions on the sidelines of the Congo Energy&Investment Forum are an opportunity to provide a platform for sponsors, developers and project promoters to showcase significant upstream, midstream, downstream and power transactions in Africa to potential investors,' stated Awambeng. The first opportunity, a 43 MW clean gas project in Benin, is seeking $84 billion in project finance. Currently in the commercial close stage of development, the project will help reduce the cost of energy in the country while bolstering economic growth, job creation and improving Benin's energy security. Meanwhile, Zambia features a $92 million investment opportunity in a 71 MW hybrid solar PV and wind project. The project will feature a power purchase agreement over a period of 25 years and is estimated to feature an annual production of 232 GWh per year. In South Africa, a 100 MW solar PV project has an $87 million investment opportunity. The project will feature an offtake agreement with the National Energy Regulator of South Africa and a power purchase agreement of 20 years. The project will boast an annual production rate of 195 GWh per year. Concluding the energy investment opportunities South Africa is also seeking $100 million in investment to finance a 100 MW clean-gas project to complement intermittent renewable energy sources, such as solar and wind, while offering a cleaner solution to the country's reliance on coal. The project features a proposed capital structure of 70:30 and is in the active implementation stage. Phase 1 of the project will feature a commitment of $140 million to develop inland facilities, pipelines and site works while the second phase will feature an investment of $60 million focusing on engineering, procurement and construction contracts for tanks, instrumentation and commissioning. Meanwhile, a state-of-the-art gas-to-liquids plant – the details of which are subject to a non-disclosure agreement – is seeking interested parties to participate in an upcoming formal investment process. The project will have a validated production capacity of 1,850 barrels of oil per day and will feature an earnings before interest, taxes, depreciation and amortization measure of approximately $50 million. Ghana is seeking $759 million in financing to develop four offshore production wells. Financing will be used to develop tie-back infrastructure to existing FPSO infrastructure, targeting 57.8 million standard barrels of oil. The project aims to produce 5 million barrels of oil per year, with potential investors set to receive 84% of the total project net present value. An indigenous oil development company in Nigeria is seeking an experienced management team to invest $18 million to drill additional wells and increase production at a field with a projected production rate of 2,300 barrels per day. The field area covers 46km 2 and is covered by 3D seismic surveys. Finally, Awambeng also announced a $25 million investment opportunity in Guyana. The project will be adjacent to one of the most productive offshore oil fields in the region and boasts recoverable reserves of approximately 400 million barrels. Investment will be used to support conventional offshore drilling and FPSO tie-up. The companies involved in the investment opportunities will be disclosed upon inquiry, with financing options subject to non-disclosure agreements. The inaugural Congo Energy&Investment Forum, taking place March 24-26, 2025, in Brazzaville, under the highest patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo, brings together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. Distributed by APO Group on behalf of Energy Capital&Power.
Zawya
27-03-2025
- Business
- Zawya
Billions in Investment Opportunities Presented by Premier Invest at Congo Energy & Investment Forum (CEIF) 2025
Financial services provider Premier Invest has announced a series of investment opportunities in the African energy and oil and gas sectors. covering a range of four energy projects across Benin, Zambia and South Africa and five oil and gas projects across Nigeria and Ghana, as well as Guyana. The announcement was made on March 26 by Rene Awambeng, Founder and Managing Partner of Premier Invest during a dedicated deal-room session – Showcasing Upstream Oil and Gas Transactions in Africa – at the inaugural Congo Energy&Investment Forum (CEIF) in Brazzaville. 'The deal-room sessions on the sidelines of the Congo Energy&Investment Forum are an opportunity to provide a platform for sponsors, developers and project promoters to showcase significant upstream, midstream, downstream and power transactions in Africa to potential investors,' stated Awambeng. The first opportunity, a 43 MW clean gas project in Benin, is seeking $84 billion in project finance. Currently in the commercial close stage of development, the project will help reduce the cost of energy in the country while bolstering economic growth, job creation and improving Benin's energy security. Meanwhile, Zambia features a $92 million investment opportunity in a 71 MW hybrid solar PV and wind project. The project will feature a power purchase agreement over a period of 25 years and is estimated to feature an annual production of 232 GWh per year. In South Africa, a 100 MW solar PV project has an $87 million investment opportunity. The project will feature an offtake agreement with the National Energy Regulator of South Africa and a power purchase agreement of 20 years. The project will boast an annual production rate of 195 GWh per year. Concluding the energy investment opportunities South Africa is also seeking $100 million in investment to finance a 100 MW clean-gas project to complement intermittent renewable energy sources, such as solar and wind, while offering a cleaner solution to the country's reliance on coal. The project features a proposed capital structure of 70:30 and is in the active implementation stage. In the oil and gas sector, gas producing company NESGAS is seeking $200 million in financing for the development of an LPG bulk storage facility in the Oil&Gas Free Zone in Nigeria. Phase 1 of the project will feature a commitment of $140 million to develop inland facilities, pipelines and site works while the second phase will feature an investment of $60 million focusing on engineering, procurement and construction contracts for tanks, instrumentation and commissioning. Meanwhile, a state-of-the-art gas-to-liquids plant – the details of which are subject to a non-disclosure agreement – is seeking interested parties to participate in an upcoming formal investment process. The project will have a validated production capacity of 1,850 barrels of oil per day and will feature an earnings before interest, taxes, depreciation and amortization measure of approximately $50 million. Ghana is seeking $759 million in financing to develop four offshore production wells. Financing will be used to develop tie-back infrastructure to existing FPSO infrastructure, targeting 57.8 million standard barrels of oil. The project aims to produce 5 million barrels of oil per year, with potential investors set to receive 84% of the total project net present value. An indigenous oil development company in Nigeria is seeking an experienced management team to invest $18 million to drill additional wells and increase production at a field with a projected production rate of 2,300 barrels per day. The field area covers 46km 2 and is covered by 3D seismic surveys. Finally, Awambeng also announced a $25 million investment opportunity in Guyana. The project will be adjacent to one of the most productive offshore oil fields in the region and boasts recoverable reserves of approximately 400 million barrels. Investment will be used to support conventional offshore drilling and FPSO tie-up. The companies involved in the investment opportunities will be disclosed upon inquiry, with financing options subject to non-disclosure agreements. The inaugural Congo Energy&Investment Forum, taking place March 24-26, 2025, in Brazzaville, under the highest patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo, brings together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. Distributed by APO Group on behalf of Energy Capital&Power.
Zawya
27-03-2025
- Business
- Zawya
Congo Energy & Investment Forum (CEIF): Local Expertise Emerges at the Heart of Congo's Liquefied Natural Gas (LNG) Ambitions
As the Republic of Congo's LNG capacity accelerates following its first export in February 2024, African industry leaders have underscored the role of local and regional capability building in sustaining growth, driving domestic utilization and enhancing intra-African trade. Panelists at the 'Building Local&Regional Capability' discussion at the Congo Energy&Investment Forum on Wednesday emphasized that the strength of Congo's LNG sector depends not just on advanced technology and capital, but on investing in local talent and scalable systems. 'In order for the industry to grow, we have to develop our skillsets. Our people are underutilized and underdeveloped,' said Yolanda Asumu, CEO&Founder of iCUBEFARM, calling for targeted industry training and scalable local content systems that meet the evolving needs of the private sector. 'I encourage organizations like APPO to create a platform that connects member states with statistics on the jobs available and the skills required, which can fuel the education system to know what kind of training is needed.' Addressing the crucial role of local content in maximizing national benefits from LNG projects, Dr. Bi-Dia-Ayo Ibata, Head of Associations Division and Supervisory Relations at Société Nationale des Pétroles du Congo (SNPC), highlighted the importance of aligning industrial growth with community development. She elaborated on how strategic initiatives are designed to enhance domestic capacity and promote technology transfer. 'SNPC has identified sectors for valorization, which is the local gas market for industries, cement plants and so forth, and the secondary market to export. While exports are a main pillar of the Congo LNG project to generate revenues for the government, the ultimate objective is to transfer competencies from IOCs to the local communities.' Emphasizing the potential for regional synergies and capacity building in the gas sector, Oumar Semega, CEO&Founder of Imperatus Energy, detailed how integrating local markets with cross-border cooperation and innovative technology can unlock substantial opportunities in Africa's energy landscape. 'There are possibilities for synergies within the supply chain for Congo, as a gas exporting country, beyond what we can do in the local market… Collaboration and technology – all of this is possible." 'We must have a common vision. Competition is good, but we must share knowledge, support each other and bring our strengths together. If one business succeeds, then that knowledge can be transferred,' echoed Nosayaba Evbuomwan, Executive&Associate Director at Accenture. The inaugural Congo Energy&Investment Forum, taking place March 24-26, 2025, in Brazzaville, under the highest patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo, brings together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. Distributed by APO Group on behalf of Energy Capital&Power.
