Formulated by the Ministry of Hydrocarbons and Wood Mackenzie Ltd. under the direction of the country’s national oil company, the Société Nationale des Pétroles du Congo (SNPC), the GMP comprises a medium to long term strategy for natural gas utilization that will facilitate the exploitation and development of the country’s natural gas resources, support economic diversification and growth, and contribute towards long-term energy security. With the role of natural gas and gas monetization comprising key themes at AEW 2021, the launch is expected to present high-level investors with a lucrative investment opportunity.
According to the Organization of the Petroleum Exporting Countries, the Republic of Congo has approximately 284 billion cubic feet of proven gas reserves. With both domestic and regional demand gradually increasing, particularly regarding gas-to-power generation, the GMP presents a comprehensive strategy for monetizing reserves and spurring sectoral growth. Additionally, the GMP prioritizes resource maximization, economic growth and diversification, social benefits, government revenue and attracting investment. AEW 2021 provides the most ideal platform to present such a revolutionary plan, uniting key stakeholders with optimal investment markets.
“The Republic of the Congo’s GMP provides a long-term strategy for the monetization and development of the country’s natural gas reserves. While in Congo, I held several meetings with the Minister, his team, SNPC and other actors on the state of the sector and was encourage by commitment to be different. By launching the GMP at AEW 2021, an Africa-focused event that prioritizes the role of natural gas in Africa’s energy future, the Congo will be able to drive investment and establish the country as a competitive market,” stated NJ Ayuk, Executive Chairman, the African Energy Chamber.
The launch of the Republic of Congo’s GMP at AEW 2021’s aligns with the event’s agenda to open the dialogue on Africa’s gas miracle and its potential for both resource-rich markets and the wider region. By presenting stakeholders with valuable insight into current and emerging natural gas markets, and by explicating transformative gas plans such as that of the Congo’s, AEW 2021 aims to promote and drive investment into Africa’s natural gas sector.
Stanbic IBTC Asset Management has implemented strong measures to safeguard its customers from an alarming…
Michael Owhoko, Ph.D The root cause of Nigeria’s problem is, unarguably, an inappropriate system of…
Stanbic IBTC Pension Managers has launched the third edition of their highly anticipated FUZE Talent…
Stanbic IBTC Holdings, a member of Standard Bank Group, has unveiled the fourth edition of…
Stanbic IBTC Pension Managers has again made a significant mark on Nigeria's cultural landscape by…
NOVA Bank, one of the latest commercial banks in Nigeria, may be experiencing a major…
This website uses cookies.