|
As the need to make
energy poverty history becomes increasingly more urgent, the African Energy
Chamber (AEC) has announced the launch of the G20 Africa Energy Investment
Forum on November 21, 2025. Taking place at the
Southern Sun Sandton in Johannesburg, South Africa, the forum will explore
potential avenues for foreign investment in African energy, delving into
strategic topics from oil production to natural gas development to clean
cooking, nuclear and affordable energy. Faced with both an
energy and climate crisis, the continent requires significant investment to
bolster energy access while driving a just and inclusive energy transition. Many nations across
the continent have highlighted the value of an integrated approach to
achieving these goals, one in which oil and gas play a foundational role. For Africa, oil and gas production will
continue to form the cornerstones of the continent’s development and will
remain stable at 11.4 million barrels per day (bpd) in 2026. By 2030, production
will rise to 13.6 million bpd, underscoring the role oil plays in Africa. With African energy
demand projected to rise fourfold by 2040, the upcoming G20 Africa Energy
Investment Forum provides a platform for African oil nations to secure
investment while addressing key challenges such as access to finance. Current estimates
show that Africa has over 620 trillion cubic feet (tcf) of proven gas
reserves, with ongoing exploration campaigns expected to uncovers trillions
more. Many nations across
the continent have positioned gas as an economic driver, recognising its role
as both a power generation source and clean cooking solution. With 250 GW of
additional power capacity needed between now and 2030 to meet anticipated
demand growth, gas has emerged as one of the fastest pathways to achieving
this goal. Countries such as
Angola, Libya, Algeria, the Republic of Congo and Nigeria have committed to
raising gas production, while emerging producers such as Zimbabwe, South
Africa and Namibia are seeking partners to advance development. Just this month,
South Africa announces plans to lift its long-standing moratorium on shale
gas exploration, representing a key step towards unlocking the over 200 tcf
of estimated gas in the Karoo Basin. With over 900
million people living without access to clean cooking solutions in Africa,
there lies a critical opportunity to expand reliable, affordable LPG
solutions across the continent, leveraging robust infrastructure and strong
global collaboration. The International
Energy Agency shows that Africa will require $37 billion cumulative
investment to 2040 to achieve universal access to clean cooking, highlighting
an opportunity for LPG-directed investments across the continent. The G20 Africa
Energy Investment Forum will delve into the impact of clean cooking solutions
such as LPG in Africa. These discussions
will build on recent developments, including the US Department of Energy’s
commitment to strengthening partnerships with African nations across the
clean cooking industry, championed by US Secretary of Energy Chris Wright. The commitment was
made at Clean Energy Ministerial, hosted in Busan in 2025, creating new
pathways for US-Africa collaboration. Currently, South
Africa holds the only operational nuclear power facility in Africa, but
developments in other nations show the promise of future investments. Egypt, Nigeria, Ghana and Kenya are pursuing
their own nuclear projects, while South Africa has introduced plans to deploy
an additional 5.2 GW of nuclear capacity in the coming years. By 2030, the
International Atomic Energy Agency projects a 58% increase in nuclear energy
use in Africa, underscoring the scale of potential investments. During the event,
G20 nations participated in the Global Energy Leaders Forum, exploring
actionable pathways for global collaboration and investment in Africa’s
energy sector. As the continent prepares for the 2026
edition of the event, the G20 Africa Energy Investment Forum will serve as a
launchpad for future deals and partnerships. -OGN/TradeArabia News Service |

