The African natural gas value chain has become the preferred destination for foreign direct investment. African natural gas is the preferred destination because the continent holds over 500 trillion cubic feet of proven reserves. And, also because natural gas is a critical step in the global energy transition and provision of clean, affordable power. Equatorial Guinea’s Flagship Gas Mega Hub models the success of US investment in African Gas.
US operators including Noble Energy have played a critical role in executing the first phase of Equatorial Guinea’s flagship Gas Mega Hub. These operators are serving as a model for future U.S. investment in gas value chains across the continent.
In the US, the Biden Administration has made clear its commitment to supporting developing countries. This support is in their pursuit of low or zero-carbon economies. Equatorial Guinea is home to 1.3 trillion cubic feet of natural gas. Again the country exemplifies the impact of U.S. private investment on its domestic gas monetization drive to date. This again shows the myriad opportunities still available to U.S. investors and suppliers within Africa’s fast-growing gas market.
Natural gas exploration and development is set to be unpacked at the upcoming US-Africa Energy Forum 2021. Energy Capital & Power is organizing the forum in Houston, Texas on October 4-5. Energy Capital & Power is Africa’s leading energy event organizer. The two-day event will feature discussions on the successes and new horizons of US-African energy partnerships. Moreover, the event will also discuss Africa’s place in the global energy transition and continent-wide transformations.
One of the speakers at the event is Equatorial Guinea’s Minister of Mines and Hydrocarbons H.E. Gabriel Obiang Lima. Other notable speakers are other key government officials and industry leaders. Indeed, the minister has a view of strengthening bilateral investment and introducing American companies to further opportunities in the country.