The African Energy Chamber (AEC) has endorsed the 5th edition of the Namibia International Energy Conference -2023, set to take place in Windhoek in April 2023.
The African Energy Chamber (AEC) has endorsed the 5th edition of the Namibia International Energy Conference -2023, set to take place in Windhoek in April 2023. The theme of the event is “Shaping the Future of Energy Towards Value Creation,” with the goal of bringing together Namibian energy leaders and global industry professionals to discuss the challenges and opportunities in the country’s ever-evolving energy landscape.
As a strategic partner for the annual event, the AEC is thrilled to play a leading role in bringing Namibian and African energy stakeholders together with their global counterparts to discuss ways to fast-track energy developments for energy security and economic expansion, said NJ Ayuk, the Executive Chairman of the AEC. He reiterated the pivotal role Namibia could play in stabilizing the energy supply and ensuring affordability across the region.
It is an exciting time for Namibia with manifold developments currently happening in the energy space. The NIEC -2023 gives policymakers, energy leaders, and industry professionals across the African continent and beyond a platform to gather, engage, gain valuable strategic insight, and shape the trajectory of the evolving energy landscape.
The monetization of oil and gas from the Venus and Graff-1 discoveries is expected to bring in up to US$5.6 billion in government revenues and double the size of the Namibian economy. Namibia’s vast untapped renewable energy and gas resources also position the country as a global energy hub, with international markets like Germany directing significant investment towards grabbing a share of the market.
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The recent emergence of Namibia’s oil and gas industry has revitalized Africa’s upstream sector, with companies such as TotalEnergies and Shell making major discoveries in the Venus and Graff-1 prospects offshore Namibia in 2022. Through high-level panel discussions and exhibitions, the conference will focus on how Namibia’s oil and gas resources can bring tangible socio-economic benefits to the local economy and people while driving regional energy security and the global energy transition.
