(5 minutes read)
· Africa Oil & Power and the African Energy Chamber announced the launch of the first-ever U.S. Africa Energy Forum (USAEF) which is aiming to create deeper cooperation between the U.S. and Africa on energy policy and to engage and reposition the U.S. as the primary partner of choice for African energy developments
· The Forum will have the theme “New Horizons for U.S. Africa Energy Investment”. It will explore diverse foreign investment and export opportunities across the continent, including natural gas as a vital fuel for the energy transition
· In partnership with the African Energy Chamber’s U.S.-Africa Committee, AOP will introduce American companies to African opportunities and advance an agenda of sustainable, long-term investment in African energy and other sectors by U.S. organizations
Africa Oil & Power and the African Energy Chamber announced the launch of the first-ever U.S. Africa Energy Forum (USAEF) which is aiming to create deeper cooperation between the U.S. and Africa on energy policy and to engage and reposition the U.S. as the primary partner of choice for African energy developments.
The Forum will have the theme “New Horizons for U.S. Africa Energy Investment”. It will explore diverse foreign investment and export opportunities across the continent, including natural gas as a vital fuel for the energy transition. There will be concerted efforts to excavate storage and battery minerals. The meeting assumes importance against the backdrop of Africa’s place in global energy supply chains; and also due to the benefits of the African Continental Free Trade Area that will accrue to the region.
As a sequel to this, an online seminar and in-person networking event will be held in Washington D.C. on July 12, 2021. This initiative comes at an important juncture in U.S.-Africa relations, when the Biden Administration is proactively building a stronger U.S.-Africa partnership. The U.S. Africa Energy Forum aims to build synergies between the two regions via technology, policy support, capital injection and skills development
In partnership with the African Energy Chamber’s U.S.-Africa Committee, AOP will introduce American companies to African opportunities and advance an agenda of sustainable, long-term investment in African energy and other sectors by U.S. organizations. Africa continues to command a good quantum of of global FDI in oil and gas industries and has shown over the years investment in those sectors is favorable compared to other jurisdictions and can be successful by many measures., Africa’s energy sector still resilient even in the midst of pandemic shows vitality and resiliency – not only in hydrocarbons but in regard to new opportunities in mining, liquefied natural gas, and agriculture.
