E/Guinea oil minister to deliver keynote address at AO&P Conference

E/Guinea oil minister to deliver keynote address at AO&P Conference

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Equatorial Guinea has announced that its minister of mines and hydrocarbons, Gabriel Obiang Lima will deliver a keynote address at the fourth annual Africa Oil & Power (AOP) Conference coming up in South Africa between October 9 and 11, 2019.A champion of the gas industry and African energy investment, Minister Obiang Lima this year led the Year of Energy Initiative, in which Equatorial Guinea launched major domestic and pan-African natural gas projects.A statement yesterday said the minister, alongside the general director of Equatorial Guinea’s national oil company GEPetrol, Antonio Oburu, will lead a delegation of African petroleum ministers at the AOP Conference and Exhibition in Cape Town.The minister and the GEPetrol boss 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.In the Africa Oil & Power statement, the AOP CEO, Guillaume Doane said: “Equatorial Guinea is a leader in Africa in strengthening and growing the energy value chain through gas monetization and trade. Today it is championing gas cooperation between African countries and launching exciting initiatives that will revolutionize 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.”Doane pointed out that this year, through the Year of Energy initiative, in collaboration with Africa Oil & Power, Minister Obiang Lima 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.Other steps, the AOP boss said, include 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 monetization 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 monetization of gas resources can create for our economy,” said Minister Obiang Lima.He stressed that Equatorial Guinea wants 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.As part of the 2019 Year of Energy, Equatorial Guinea had 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.Chibisi Ohakah ReplyReply allForward


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