Now Reading
Angola Oil & Gas 2024 Conference: Energy Demand to Double by 2050

Angola Oil & Gas 2024 Conference: Energy Demand to Double by 2050

At the Angola Oil & Gas 2024 conference, a Ministerial Panel revealed that global energy demand is projected to double by 2050, driven by population growth and increased economic activity in developing regions.

Mohamed Hamel, Secretary General of the Gas Exporting Countries Forum (GECF), emphasised the role of natural gas, forecasting a 36% growth in demand by 2050, making it the second-fastest-growing energy source after renewables.

Both the Democratic Republic of Congo (DRC) and Namibia play critical roles in Africa’s energy future, especially in the context of rising energy demand and regional cooperation discussed at the Angola Oil & Gas 2024 conference. The DRC, a budding oil producer, is looking to leverage partnerships with established producers like Angola to accelerate its exploration efforts.

Minister of Hydrocarbons, Aimé Molendo Sakombi, asserted the importance of learning from Angola’s experience in hydrocarbons.

The recent treaty signed between the DRC and Angola for the governance and exploration of Block 14 highlights the collaboration between the two nations, with Chevron acting as a technical leader to guide the DRC’s production timeline.

This partnership will help the DRC enhance its oil sector and move towards energy self-reliance while contributing to regional energy security.

Similarly, Namibia is at the frontier of oil and gas development, with recent discoveries in the Orange Basin offering immense potential for the country’s energy sector. Namibia is actively collaborating with Angola to strengthen its own oilfield development, logistics capabilities, and local capacity-building efforts.

As stated by Kornelia Shilunga, Namibia’s Deputy Minister of Mines and Energy, the country is committed to learning from Angola’s experience to manage its own oil resources efficiently. This collaboration with Angola helps Namibia in navigating the complexities of a new sector, positioning both countries as key players in addressing Africa’s growing energy demands while promoting regional cooperation in the oil and gas industry.

Africa faces a significant challenge in accessing capital for new production, and the African Petroleum Producers Organization (APPO) is addressing this with the creation of the African Energy Bank, expected to support regional energy projects. Angola, as a leading energy producer, is positioned to collaborate with emerging producers like DRC and Namibia, sharing its expertise to boost exploration and development efforts.

This collaboration highlights the importance of strengthening regional energy trade and investment to meet rising demand.

Further Africa

SUBSCRIBE TO GET OUR NEWSLETTERS:

See Also

SUBSCRIBE TO GET OUR NEWSLETTERS:

Scroll To Top

We have detected that you are using AdBlock Plus or other adblocking software which is causing you to not be able to view 360 Mozambique in its entirety.

Please add www.360mozambique.com to your adblocker’s whitelist or disable it by refreshing afterwards so you can view the site.