RCS - African Energy Chmbr - Partner to Support Key Industry Dialogue
04/05/2022 14:45
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RNS Number : 3272K African Energy Chamber 04 May 2022
African Energy Week / Key word(s): Miscellaneous
African Energy Week: Rystad Energy Becomes African Energy Week's Intelligence
Partner to Support Key Industry Dialogue and Provide Market Intelligence
04.05.2022 / 14:00
The issuer is solely responsible for the content of this announcement.
Rystad Energy Becomes African Energy Week's Intelligence Partner To Support
Key Industry Dialogue and Provide Market Intelligence
Rystad Energy will support the African Energy Chamber in its mandate to
provide energy stakeholders with market-driven intelligence and insights that
can help boost the exploitation of domestic resources to address energy
poverty and fuel economic growth.
The African Energy Chamber (AEC), the voice of the African energy sector, is
proud to announce the signing of a Partnership Agreement with multinational
energy market intelligence firm, Rystad Energy.
As part of the agreement, Rystad Energy is now officially African Energy Week
2022's Intelligence Partner and will lead vital energy market related
discussions at AEW 2022, AEC's leading energy sector investment platform for
the oil and gas industry - taking place on 18 - 21 October 2022 in Cape Town.
Rystad Energy will be moderating and participating in panel discussions and
technical workshops to share the latest energy market trends, updates and
forecasts during the 2022, 2023 and 2024 editions of Africa's premier event
for the oil and gas sector, AEW.
In addition, Rystad Energy will launch two Africa-focused webinars in the
build-up to AEW in support of the event to share key market findings, AEW
discussion topics and their impact on Africa's energy environment.
With the AEC determined to improve dialogue on industry changes, challenges
and opportunities between market players, investors and regulatory
authorities, the participation of Rystad Energy at AEW events will be crucial
in enabling the development of market-driven solutions that will empower
Africa to maximize the exploration, production, exploitation and monetization
of domestic oil and gas energy resources to address energy poverty while
fueling industry growth.
The AEC and Rystad Energy will also cooperate on research and the compilation
of "The State of African Energy 2023" report, a detailed analysis of how
regulations, merger and acquisitions, and of exploration, production and
infrastructure developments are shaping Africa's hydrocarbons landscape.
Rystad Energy's top-grade market insights will be vital in helping African
energy market stakeholders, investors and governments align operations,
business models, investment strategies and policies with current and future
energy market changes to optimize sector operations.
With factors such as a lack of adequate investments and infrastructure,
political instability, global climate policies and investor-scary fiscal terms
and regimes hindering the growth of Africa's hydrocarbons market, the
partnership between the AEC and Rystad Energy will provide the industry with
best practices and policy recommendations that will take the continent's oil
and gas sector to the next level.
"Africa is extremely rich in natural resources, and its full potential remains
unknown. Our data at Rystad Energy shows that exploration expenditure in oil
and gas in Africa is approximately half of that for the Americas, and on par
with Europe. This is despite the fact that Africa has a prospective coastline
of 30.000 km. We should multiply profitable investments in African energy to
realize its full potential as the world's richest natural resource region, and
to enable economic growth for its quickly expanding population," says Per
Magnus Nysveen, Co-Founder and Head of Analysis at Rystad Energy.
Moreover, with Rystad Energy making the "Energy transition a member of its
solution family," insights from the research firm and participation at AEW
events will be critical in helping Africa to develop its own energy transition
roadmap that is fit for the continent and prioritizes the exploitation of
domestic energy resources to make energy poverty history by 2030.
"With over 600 million people across the continent still living in energy
poverty and up to 900 million living without access to clean cooking, sterling
market recommendations and insights Rystad Energy provides, are critical in
helping Africa to expand the oil and gas market and in ensuring the use of
these resources to enhance energy access. The AEC is proud to be a partner of
one of the world's leading global information providers, Rystad Energy,"
states Tomás C. Gerbasio, Strategy and Business Development Director -
African Energy Week 2022.
Since its launch in 2004, Rystad Energy has become the global energy
industry's knowledge hub through the provision of data, tools, analytics and
consultancy services to players within the oil and gas markets, supply chains,
renewables, commodity markets and the energy transition.
The research company offers guidance to energy companies, suppliers, financial
professionals, NGOs and governments to help them navigate through market
barriers and as such the partnership with AEC will be instrumental in helping
Africa's energy market stakeholders to make informed decisions regarding how
best to enhance oil and gas exploration, production and infrastructure
development to address chronic energy shortages and high prices that are
crippling African economies.
With "Exploring and Investing in Africa's Energy Future while Driving an
Enabling Environment," the main theme at AEW 2022, the partnership between the
AEC and Rystad Energy will be critical in providing information which both
continental and regional investors can leverage to accelerate energy sector
investments and boost private sector participation within Africa's energy
sector.
Distributed by APO Group on behalf of African Energy Week (AEW).
Contact details:
For sales related inquiries please contact sales@aecweek.com
For attendance related inquiries contact registration@aecweek.com
For speaker related inquiries contact speakers@aecweek.com
For media related inquiries contact media@aecweek.com
(mailto:media@aecweek.com)
About AEW 2022:
AEW 2022 is the AEC's annual conference, exhibition, and networking event. AEW
2022 unites African energy stakeholders with investors and international
partners to drive industry growth and development and promote Africa as the
destination for energy investments. Key organizations such as the African
Petroleum Producers Organization, as well as African energy heavyweights
including Nigeria and Equatorial Guinea have partnered with AEW, strengthening
the role the event will play in Africa's energy future.
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Language: English
Company: African Energy Week
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EQS News ID: 1343533
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1343533 04.05.2022
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