Date: 31 May 2022, 11:00 (CEST)
The conflict in Ukraine and the resulting shortage of oil, diesel and gas supplies has made it more important than ever to unleash the potential of Africa's oil and gas. As a result, Europe's dependence on Russia's energy has become unsustainable, opening the door for Africa to establish itself as an important option for increasing the world's energy supply. However, due to infrastructure, financial and technological gaps, continental hydrocarbon producers face major obstacles when it comes to spikes in production.
Countries with large LNG resources such as Nigeria, Angola, Libya and Algeria suffer from limited undeveloped pipeline networks, refineries, piers, terminals and ports. In addition, incentives for foreign investment are often complicated by a variety of risk factors, including political instability, regional instability, and financial institutions shifting their investment from fossil fuels to renewables. Finally, ensuring the latest technology to facilitate local content development is exorbitantly costly given the continued means of foreign intellectual property and the brain drain of key local workers.
All the above issues will be discussed during the Infrastructure Development Africa "ENERGY SHOWCASE" on the 31st of May 2022 live on LinkedIn.
Please register here.