Equatorial Guinea’s Minister of Mines and Hydrocarbons, Gabriel Obiang Lima, will speak at Africa Oil & Power which will be held in Cape Town, South Africa from the 9 to 11 October 2019.
Lima led the Year of Energy initiative, in which Equatorial Guinea launched major domestic and pan-African natural gas projects. The minister, alongside Antonio Oburu, general director of Equatorial Guinea’s national oil company GEPetrol, will lead a delegation of African petroleum ministers at the fourth annual Africa Oil & Power (AOP) Conference and Exhibition in Cape Town, South Africa at the CTICC1 on October 9 to 11.
The Ministry of Mines and Hydrocarbons and GEPetrol will be accompanied by a large delegation of companies active in Equatorial Guinea, including Bange, Centurion Law Group, Noble Energy, Marathon Oil, Golden Swan, Baker Hughes, Kosmos Energy, Trident Energy, Tullow Oil, Elite Construcciones, Schlumberger, NAHSCO, Hexagon and NALCO Champion.
Welcoming the delegation and speaking to Minister Obiang Lima’s support of the Africa Oil & Power theme for 2019 #MakeEnergyWork, Africa Oil & Power CEO Guillaume Doane said, “Equatorial Guinea is a leader in Africa in strengthening and growing the energy value chain through gas monetisation and trade. Today it is championing gas cooperation between African countries and launching exciting initiatives that will revolutionise the African gas sector. AOP is proud to be a part of this important story and to promote Equatorial Guinea’s projects at AOP 2019.”
This year, through the Year of Energy initiative in collaboration with Africa Oil & Power, has campaigned to promote gas developments on the continent as a driver of economic growth.
Equatorial Guinea has made significant steps toward its goal of becoming a regional energy hub, with advancements including the launch of the 2019 oil, gas and mining licensing round offering up 24 offshore and two onshore blocks; the signing of definitive agreements for the monetisation of gas from the Equatorial Guinea’s Alen unit in the Gas Megahub project; and – in a first for the region – the inauguration of an LNG storage and regasification plant in the mainland region of Equatorial Guinea as part of the LNG2Africa project.
“Gas has the potential to transform the African energy industry. In Equatorial Guinea, we have made the decision to focus our efforts on gas developments as part of the government’s priority in developing a regional Gas Megahub. We want to lead by example and showcase the opportunities the monetisation of gas resources can create for our economy,” said Lima.
“Our objective is clear. We want to build infrastructure, promote intra-African cooperation, develop a sustainable economy and improve our local content and, with gas, all of this is achievable in the near future,” Lima adds.
As part of the 2019 Year of Energy, Equatorial Guinea kicked off the year as host of the APPO Cape VII Congress and Exhibition – the first of a series of events to be hosted in Malabo during the year. Upcoming events include the Oil & Gas Meeting Day and the 5th GECF Summit of Heads of State and Government and 2nd International Gas Seminar.