African Energy Leadership Forum & Awards 2023

THEME: Towards Sustainable Energy Resource Mobilization in Africa

Event Brief

With the dynamic African energy industry faced with intense pressure to decarbonize and adopt renewable energy sources, the future of the oil and gas of the continent is under scrutiny. The sustainable energy future for Africa may not however be advanced by a single strategy due to Africa’s extreme diversity as the continent holds around 9% of the world’s total gas reserves, while 17 of its 55 countries are already gas producers. Moreover, nearly half of the continent’s 55 countries have proven natural gas deposits, including 17.55 trillion standard cubic meters of natural gas and 125.3 billion barrels of crude oil. According to S&P Global Platts, Africa is home to about 40% of the world’s recent gas discoveries. Despite the existing challenges to investment in the continent’s energy sector, the majority of the continent’s producers are currently fostering favourable investment environments for both domestic and foreign companies. This has resulted in the approval of several significant projects in nations like Angola, Equatorial Guinea, Mozambique and Nigeria among others, which industry analysts say will unlock the continent’s enormous energy resources.

To accelerate industrialization, experts have opined that African nations must fully utilize their energy deposits throughout the energy transition, and strengthen their governance. In light of this, the African Leadership Magazine is thrilled to put together the African Energy Leadership Forum & Awards, Houston Texas 2023 on the sidelines of the Annual Offshore Technology Conference (OTC). The forum aims to bring together decision-makers, leaders from the public and private sectors, business titans, members of civil society, and all other stakeholders on a platform to discuss ways to address some of the major challenges in the African energy sector, as well as explore pathways towards achieving a sustainable energy resource mobilization in Africa.