The Energy Republic February - March Edition 2023

3AEC Launches 2023 African Energy Outlook
3GECF Launches ‘Global Gas Outlook’ 2050
FEBRUARY - MARCH EDITION 2023
A SPECIAL EDITION FOR SUB-SAHARAN AFRICA INTERNATIONAL PETROLEUM EXHIBITION AND CONFERENCE
SUB-SAHARAN AFRICA
3OIL AND GAS PROJECT OPPORTUNITIES AND INVESTMENTS
PUBLICATION FEATURES: LATEST TRENDS IN BIOENERGY RESOURCES
ISSN 2705-2052
GECF LAUNCHES GLOBAL GAS OUTLOOK
2050: GECF, has officilly unveiled its annual
GECF Global Gas Outlook 2050 (Outlook)
SAIPEC 2023: PETAN, AFRICA OIL, GAS
ASSOCIATIONS TO LAUNCH E-BUSINESS
PLATFORM. Petroleum Technology...

EDITORIAL CONTENTS
CREATING GLOBAL OPPORTUNITIES
06
NGC achieves Gold Standard status of repor ng
under the Oil and Gas Methane Partnership...
07
NCDMB Emerges Best MDA in Efficiency,
Transparency
13
15
German Stakeholders Calls For Transparent
Policy, Enabling Environment in Protec ng...
REDCERT Provides Training and Cer fica on
Schemes for Sustainable Bioenergy Resources...
“Biofuels will be the biggest contribution to
decarbonization in road transport” - Baumann
09
16
Energy Companies Appeal to German Govt, List
10 Agendas for Efficient Carbon Management...
20
BP Energy Outlook 2023: ‘Modern Bioenergy’
Resources to Decarbonize Hard-to-Abate...
22
COP28 President-Designate Emphasizes the
Significance of the Energy Sector, Calls for...
Shell Makes Positive Progress In Net-Zero
Emissions, Achieves Its 2022 Climate Targets...
40
QatarEnergy and CPChem Celebrate the Ground
Breaking for the Golden Triangle Polymers Plant...
34
Equinor Releases 2022 Financial Report,
Reiterate Commitment To Invest In Oil, Gas...
37
17
Germany “Gove Set To Energy Reset The has Pace a virile, For and Global strategic
Energy technology Transition Agenda to eradicate At BETD oil 2023... theft…”
-Faith
27
30
32
52
Catena-X to Showcase Industry Wide Data Show
Room at Hannover Messe 2023
Calgary set to host World Petroleum Congress in
September 2023
Fraunhofer Researchers Develop New Method to
Extract Hydrogen from Waste
PETAN, Africa Oil, Gas Associa ons To Launch
e-Business Pla orm In 2023
www.theenergyrepublic.com

THE ENERGY REPUBLIC
CREATING GLOBAL OPPORTUNITIES
Publisher by:
The Energy Republic Marketing
and Communications Limited
(RC: 1919406)
Editorial Director
Bako Ambianda (USA)
Managing Editor
Ndubuisi Micheal Obineme
Editor
Tobi Owoyimika
Legal Counsel
Barr. Jackson Olagbaju
Correspondents:
Genevieve Aningo
Ifeoma Ofole
Samson Binutiri
The Energy Republic (TER) is published by The
Energy Republic Marke ng and Communi ca ons
Limited. TER provides an in-depth analysis about
the oil industry, and opportuni es around clean
energy sources such as Natural Gas, Hydrogen,
Ammonia, Solar Energy, Wind Energy, Hydro
Energy, Geothermal Energy, Biomass
Energy, among others.
Email: info@theenergyrepublic.com
oilandgasrepublic@gmail.com
Dear Execu ves,
EDITOR’S NOTE
On behalf of The Energy Republic, I'm pleased to unveil our latest
edi on which is a special publica on focused on the Sub-Saharan
Africa oil and gas industry with industry updates about the project
and investment opportuni es in the con nent. With over 125 billion
barrels of proven oil reserves and around 600 trillion cubic feet (tcf)
of proven gas reserves, African countries are determined to claim
their place in the global energy landscape, unwilling to abandon its
hydrocarbon resources as the con nent has made it clear that they
will con nue to maximize its abundant oil and gas resources in pursuit
of allevia ng energy poverty and industrializing the en re African
region.
In a report tled: ‘The State of African Energy: 2023 Outlook,’
published by the African Energy Chamber – the voice of the African
energy sector, it projected that Africa would experience a posi ve
turnaround in its energy sector, no ng that Africa is well posi oned to
become Europe’s main supplier and contribu ng to global energy
security, among others.
In this edi on, we also featured interes ng stories about the energy
sector as well as the role of bioenergy resources in the global energy
transi on agenda, with a spotlight on Germany's biofuel industry,
coupled with stakeholders' commentaries and an exclusive interview
with Elmar Baumann, Managing Director of the Associa on of the
German Biofuel Industry (VDB), who spoke about the role of biofuel in
decarbonizing the energy industry.
FEBRUARY - MARCH EDITION 2023
3AEC Launches 2023 African Energy Outlook
3GECF Launches ‘Global Gas Outlook’ 2050
Please take your me to read through this magazine and feel free to
send your feedback. It will be highly appreciated.
A SPECIAL EDITION FOR SUB-SAHARAN AFRICA INTERNATIONAL PETROLEUM EXHIBITION AND CONFERENCE
SUB-SAHARAN AFRICA
3OIL AND GAS PROJECT OPPORTUNITIES AND INVESTMENTS
Best regards,
PUBLICATION FEATURES: LATEST TRENDS IN BIOENERGY RESOURCES
ISSN 2705-2052
Ndubuisi Micheal Obineme
Managing Editor
The Energy Republic Marke ng
and Communica ons Limited
GECF LAUNCHES GLOBAL GAS OUTLOOK
2050: GECF, has officilly unveiled its annual
GECF Global Gas Outlook 2050 (Outlook)
SAIPEC 2023: PETAN, AFRICA OIL, GAS
ASSOCIATIONS TO LAUNCH E-BUSINESS
PLATFORM. Petroleum Technology...
www.theenergyrepublic.com

NGC SPECIAL REPORT
To reach Gold Standard status, companies need
to announce 2025 absolute reduc on or nearzero
intensity targets. Target se ng is a complex
exercise requiring a good understanding by
companies of their emissions profile.
NGC ’s achievement is an interna onal
acknowledgement of the work that the company
has commi ed to do over the next few years to
reduce its emissions. This work is not just a
priority for NGC, as reducing emissions is also
high on the na onal agenda. The government of
Trinidad and Tobago has agreed to cut
greenhouse gas emissions by 15% by 2030 as part
of the country ’s Na onally Determined
Contribu ons to the Paris Climate Agreement.
The country has also pledged to reduce methane
emissions by at least 30 percent from 2020 levels
by 2030 as part of the Global Methane Pledge,
signed by more than 100 countries worldwide.
ddressing the issue of climate
change is one of the defining
challenges of this decade. It is of
par cular consequence to the Caribbean
region, as Small Island Developing States
(SIDS) are demonstrably vulnerable to the
impacts of rising global temperatures and
extreme weather events. With the
prognosis that such events could become
more frequent and severe as global
warming intensifies, it is impera ve that
ac on be taken to curb the greenhouse
gas (GHG) emissions which are fuelling
the phenomenon. Among the most
potent of these GHGs is methane, which
is the primary component of natural gas,
and has 80 mes the warming poten al
of carbon dioxide on a 20-year mescale.
NGC’s Beachfield Facility
NGC achieves Gold Standard status
of reporting under the Oil and Gas
Methane Partnership (OGMP)
A
The Na onal Gas Company of Trinidad and
Tobago Limited (NGC) has made pioneering
investments to track and reduce methane
emissions from its opera ons. It also made a
voluntary commitment to report on its
progress a er joining the global Oil and Gas
Methane Partnership 2.0 (OGMP 2.0) in 2021.
The company’s resolve was made clear in its
first report to the OGMP – submi ed in 2022 -
wherein it outlined targets to reduce methane
emissions by 2025. This led the company to
achieve the Gold Standard status of repor ng
under the OGMP 2.0 framework.
This framework subsumes different ers of
repor ng, based on declared targets and the
r i g o u r o f m e a s u r e m e n t t o o l s a n d
methodologies.
NGC is the first state company in Trinidad and
Tobago to report on its emissions and con nues
to raise the bar of accountability within the local
and regional energy sector. Having elaborated its
own methane goals, the company is now working
purposefully towards their realisa on by 2025.
Along the way, the company intends to
communicate and educate around the need to
address methane emissions, to encourage
greater industry par cipa on and increase the
chances of success in this high-stakes fight.
To view the Eye on Methane publica on:
h ps://www.unep.org/resources/report/eyemethane-interna
onal-methane-emissionsobservatory-2022-report
06
THE ENERGY REPUBLIC I SPECIAL EDITION

NCDMB SPECIAL REPORT
This latest award follows NCDMB’s emergence as
“a Level 5 Pla num Level organiza on” in a
summary report of the Bureau of Public Service
Reforms (BPSR) Self-assessment Tool (SAT)
released in January, a ra ng which translates as
“Excep onal Performance with a performance
level of 90.5%.”
The BPSR had at a presenta on ceremony held at
the NCDMB Conference in Yenagoa, Bayelsa State
noted that NCDMB is structured to achieve its
vision, mission and strategic objec ves, which
have been effec vely communicated to relevant
stakeholders and well understood by staff.
Another accolade that came the way of the Board
recently was the selec on of the Execu ve
Secretary, NCDMB, Engr. Simbi Kesiye Wabote as
the recipient of the Leadership Local Content
Champion of the Year Award by the Board of
Editors of the Leadership Group Limited. The
award will be conferred on the Execu ve
Secretary at the 14th edi on of the Leadership
Conference and Awards held on January 31,
2023, in Abuja.
Engr. Simbi Wabote (fNSE), Execu ve Secretary of NCDMB
NCDMB Emerges Best MDA in
Efciency, Transparency
The Nigerian Content Development
and Monitoring Board (NCDMB)
has emerged as top performer in
business efficiency and transparency in
Federal Government ’s ranking of
ministries, departments and agencies
(MDAs) for the year 2022.
This latest result is reminiscent of the
Board’s 81.46 per cent score in Ease of
Doing Business, which placed it top of all
other MDAs for the period January – June
2022.
In the Execu ve Order 001 (EO1)
Compliance Report released in Abuja by
the Presiden al Enabling Business
Environment Council (PEBEC), the
NCDMB achieved a score of 81.11 per
cent to beat 52 other MDAs captured in
the evalua ve ranking.
PEBEC explains that an “MDA’s EOI overall
performance is a combina on of scores on the
Efficiency and Transparency measures
weighted at 70 per cent and 30 per cent of the
overall score respec vely.” “The top
performing MDAs differen ate themselves by
achieving a balanced performance on both the
Efficiency and Transparency scales….”
Under Efficiency, the agency’s adherence to its
service delivery melines is key. For
Transparency, the chief considera on is
existence and func onality of websites, as well
as availability of detailed informa on on
melines, costs, statutory requirements and
customer service contact channels. In
combina on, these would eliminate abuses in
the system, including rent-seeking ac vi es.
PEBEC has been consistent in publishing the
EO1 Compliance Report since 2017, from
monthly reports submi ed by MDAs.
In October 2022, the Execu ve Secretary was
c o n fe r re d t h e D i s n g u i s h e d C a p a c i t y
Development Award by President Muhammadu
Buhari (GCFR) at the Nigeria Excellence in Public
Service Awards, reconfirming the Board’s
excellent delivery of its mandate.
Key func ons of the NCDMB include:
3To review, assess and approve Nigerian
Content plans developed by operators.
3To set guidelines and minimum content levels
for project related ac vi es across the oil and gas
value chain.
3To engage in targeted capacity building
interven ons that would deepen indigenous
capabili es- Human Capital Development,
Infrastructure & Facili es, Manufactured
Materials & Local Supplier Development.
3To grow and manage the Nigerian Content
Development Fund.
3To establish, maintain and operate the Joint
Qualifica on System (NOGICJQS) in conjunc on
with industry stakeholders.
3To monitor Nigerian Content Compliance by
operators and service providers. This will be in
terms of cumula ve spending, employment
crea on and sources of local goods, service and
materials u lized on projects and opera ons.
3To award Cer ficate of Authoriza on for
projects that complies with Nigerian Content
provisions.
3To conduct studies, research, inves ga on,
workshops and trainings aimed at advancing the
development of Nigerian Content.
07
THE ENERGY REPUBLIC I SPECIAL EDITION

VDB EXCLUSIVE INTERVIEW
“Biofuels will be the biggest contribution to decarbonization
in road transport. It will evolve in maritime, aviation sector”
- Elmar Baumann, VDB's Managing Director
The Energy Republic talks to Elmar Baumann, Managing Director of the Associa on of the
German Biofuel Industry (VDB), about the role of biofuel in decarbonising the transporta on
sector and the related climate change impact in the energy industry.
Interview by: Ndubuisi Micheal Obineme
For over 15 years, Elmar Baumann has
been working for the associa on. He
began his professional career as a
technical officer and in 2009, he became
the managing director of VDB. Excerpts:
TER: What's VDB's main interest in the
energy industry?
Baumann: VDB stands for Associa on of
the German Biofuel Industry and our
members are producers of biodiesel and
biomethane. Today, biofuels are mainly
used in road transport. We represent the
interests of our members in Berlin and
Brussels.
VDB also represents the interests of
German biofuel producers at the na onal
and European levels. Its current 15
ordinary and 3 extraordinary members
produce about 2.4 million tons of
biodiesel (and 900 GWh of biomethane)
which represents 60 percent of German
biodiesel produc on.
VDB stands for the present and future of
sustainable mobility in Germany. The
VDB's main objec ves are: to help shape
compe on-oriented framework
condi ons for biofuel development
and to represent the industry externally.
We are dealing with European legisla ve
processes as well as German ones.
We give informa on to poli cians in the
Parliament and the administra on on what
kind of framework our members need to have
and we inform our members about new
developments for example the Fit-for-55
package from Brussels, RED III, and a separate
ETS for road transport.
On the German level, there have been serious
disputes with German ministries this year
about possible changes in the legisla ve
framework and that's where we ar culate our
posi on to poli cians and the public to lobby
for the interest of our industry.
Our member companies are based in several
parts of Germany.
TER: How is VDB developing innova ve
solu ons for biofuel development; Are there
new trends or new technology that your
member companies have been able to produce
so far?
Baumann: Our members are developing and
op mizing their technical processes for biofuel
produc on. As an associa on, we're not involved
in the technical development but inform them
about the legal framework.
We represent a huge produc on volume for cropbased
biofuels. The biggest biofuel in Germany
and Europe is biodiesel because Germany and
Europe are diesel markets. As there's a lack of
diesel fuel produced in German and EU mineral
oil refineries, we import quite a bit of diesel fuel,
mainly from Russia. The imports of Russian
mineral oil and diesel fuel will be stopped at the
end of this year. Biodiesel is a subs tute for fossil
diesel, it helps to compensate for the diesel
shortage and reduces GHG emissions.
The most important feedstock for German
biodiesel produc on is rapeseed oil.
In second place is used cooking oil and tallow. So
the second most important feedstock for German
produc on is waste and residues. Soybean oil
and palm oil are also used in German biodiesel
produc on but to a lesser extent.
09
THE ENERGY REPUBLIC I SPECIAL EDITION

VDB EXCLUSIVE INTERVIEW
does not provide the necessary detailed
regula ons which the biofuel industry needs.
Elmar Baumann, Managing Director of the Associa on of the German Biofuels Industry (VDB)
Most of the agricultural feedstock is
growing here and in Europe. The
categoriza on of feedstocks for biofuel
produc on is carried out according to the
European “Renewable Energy Direc ve”,
abbreviated as RED - today, the RED II is in
place, and RED III will be approved before
this summer. There are three categories:
crop-based biofuels like biodiesel made
from rapeseed oil or bioethanol from
cereals, waste, and residue-based
biofuels according to annex IX-part b from
used cooking oil or animal fat and
advanced biofuels as per annex IX-part a
like biomethane from straw.
Current investment ac vity in Germany
and Europe is partly about op miza on
for exis ng facili es such as energy
consump on, yields, and adapta on to
new feedstocks, and partly about
construc ng new facili es for advanced
biofuels.
TER: You have talked about the various
applica on processes of biofuel
produc on. Moving forward, how have
biofuels par cularly in transporta on
developed over the past years?
Baumann: Their market development
has not been without problems, caused
by mul ple legisla ve changes on the
European as well as on the na onal level.
For example, in Germany in 2009, we had
a decrease in the biofuel mandate which
was set up retrospec vely. Then we had
the debate on indirect land use change
(iLUC) star ng in 2011, culmina ng in the
iLUC-direc ve adopted in 2015, an
amendment to the RED I.
We managed to escape the threat of crop
cased biofuels being phased out by 2016.
Then the European Commission prepared the
RED II, a con nua on of the RED with a 2030
perspec ve. Our industry was interested in
having a 2030 target for transport and
sufficient demand for crop-based biofuels. The
RED II was approved end of 2018 - two years
before the RED I expired -, and the outcome
w a s a c c e p t a b l e : n o p h a s i n g o u t o r
displacement of crop-based biofuels. And
then, as you probably know, member states
had to integrate this direc ve into na onal law
which Germany did last year in 2021. Yes.
The na onal transposi on of the RED II gave us
an excellent pathway for 2030. This was an
achievement of two years of work on the
German level. Half a year later, three ministers
of the new government started cri cizing the
use of crops for biofuel produc on. They
started their ini a ve against biofuels on the
occasion of the war in Ukraine claiming that
food is in short supply. Indeed there was
uncertainty about food deliveries from
Ukraine. But the real cause is the nega ve
posi on of the Green party concerning
biofuels and the poli cal dispute with the
Liberals.
T h e d i s c u s s i o n a b o u t r e d u c i n g t h e
contribu on of biofuels and phasing them out
un l 2030 is s ll ongoing, which creates
uncertainty in the biofuels market. So it's not
exactly what we need when the industry is
preparing for investments to secure the
achievement of new targets, and it's difficult.
On the other hand, there's sort of a parallel
world in Brussels: The European Commission
Those detailed regula ons are s ll missing for the
RED II, which was passed in 2018 and is now
amended to become the RED III in 2023. Four
years a er the adop on of the direc ve, the
Commission did s ll not deliver important
specifica ons. This makes it quite difficult to keep
the overview, pursue a clear pathway, and make
investment decisions.
Another example: the European Commission has
s ll not finished the process of extending the list
of feedstocks in Annex IX Part A and B.
As you can imagine, if you build a facility to
process a certain feedstock, you need to know to
which category your feedstock belongs, and does
your product count as advanced biofuel or wastebased
fuel. This is crucial for your marke ng.
And if there are changes, then this makes your
calcula on invalid because you thought of a
certain market for waste-based and advanced
biofuels but now with more feedstocks, the
framework condi ons change. And all this is
uncertain at the moment. The choice of
feedstock is decisive for your process or how easy
or how hard is it to process this feedstock.
TER: Based on your perspec ve, What would
you recommend as an appropriate legal
framework to boost biofuel development in
Germany and the European energy industry?
B a u m a n n : I t ' s q u i te e a sy. T h e R E D 2
transposi on into German law with the
amendment of the GHG mandate was perfect. So
we worked quite hard to get good framework
condi ons for the German biofuel industry. The
regula on for advanced biofuels according to
annex 9 part A provides a strong incen ve to use
those biofuels and to invest in produc on
facili es as volumes above the sub mandate
count twofold. This means that even when
mineral oil companies have fulfilled their sub
mandate for advanced biofuels, the market can
s ll take these biofuels at relevant prices. This
makes the German market a magnet for
advanced biofuels.
10
OIL AND GAS REPUBLIC I SPECIAL EDITION

VDB EXCLUSIVE INTERVIEW
Most of the agricultural feedstock is
growing here and in Europe. The
categoriza on of feedstocks for biofuel
produc on is carried out according to the
European “Renewable Energy Direc ve”,
abbreviated as RED - today, the RED II is in
place, and RED III will be approved before
this summer. There are three categories:
crop-based biofuels like biodiesel made
from rapeseed oil or bioethanol from
cereals, waste, and residue-based
biofuels according to annex IX-part b from
used cooking oil or animal fat and
advanced biofuels as per annex IX-part a
like biomethane from straw.
Current investment ac vity in Germany
and Europe is partly about op miza on
for exis ng facili es such as energy
consump on, yields, and adapta on to
new feedstocks, and partly about
construc ng new facili es for advanced
biofuels.
TER: You have talked about the various
applica on processes of biofuel
produc on. Moving forward, how have
biofuels par cularly in transporta on
developed over the past years?
Baumann: Their market development
has not been without problems, caused
by mul ple legisla ve changes on the
European as well as on the na onal level.
For example, in Germany in 2009, we had
a decrease in the biofuel mandate which
was set up retrospec vely. Then we had
the debate on indirect land use change
(iLUC) star ng in 2011, culmina ng in the
iLUC-direc ve adopted in 2015, an
amendment to the RED I.
We managed to escape the threat of crop
cased biofuels being phased out by 2016.
Then the European Commission prepared
the RED II, a con nua on of the RED with
a 2030 perspec ve. Our industry was
interested in having a 2030 target for
transport and sufficient demand for cropbased
biofuels. The RED II was approved
end of 2018 - two years before the RED I
expired -, and the outcome was
a c c e p t a b l e : n o p h a s i n g o u t o r
displacement of crop-based biofuels. And
then, as you probably know, member
states had to integrate this direc ve into
na onal law which Germany did last year
in 2021.
The na onal transposi on of the RED II
gave us an excellent pathway for 2030.
Elmar Baumann
This was an achievement of two years of work
on the German level. Half a year later, three
ministers of the new government started
cri cizing the use of crops for biofuel
produc on. They started their ini a ve against
biofuels on the occasion of the war in Ukraine
claiming that food is in short supply. Indeed
there was uncertainty about food deliveries
from Ukraine. But the real cause is the nega ve
posi on of the Green party concerning
biofuels and the poli cal dispute with the
Liberals.
T h e d i s c u s s i o n a b o u t r e d u c i n g t h e
contribu on of biofuels and phasing them out
un l 2030 is s ll ongoing, which creates
uncertainty in the biofuels market. So it's not
exactly what we need when the industry is
preparing for investments to secure the
achievement of new targets, and it's difficult.
On the other hand, there's sort of a parallel
world in Brussels: The European Commission
does not provide the necessary detailed
regula ons which the biofuel industry needs.
Those detailed regula ons are s ll missing for
the RED II, which was passed in 2018 and is
now amended to become the RED III in 2023.
Four years a er the adop on of the direc ve,
the Commission did s ll not deliver important
specifica ons. This makes it quite difficult to
keep the overview, pursue a clear pathway, and
make investment decisions.
Another example: the European Commission
has s ll not finished the process of extending
the list of feedstocks in Annex IX Part A and B.
As you can imagine, if you build a facility to
process a certain feedstock, you need to know
to which category your feedstock belongs, and
does your product count as advanced biofuel
or waste-based fuel.
This is crucial for your marke ng.
And if there are changes, then this makes your
calcula on invalid because you thought of a
certain market for waste-based and advanced
biofuels but now with more feedstocks, the
framework condi ons change. And all this is
uncertain at the moment. The choice of
feedstock is decisive for your process or how easy
or how hard is it to process this feedstock.
TER: Based on your perspec ve, What would
you recommend as an appropriate legal
framework to boost biofuel development in
Germany and the European energy industry?
B a u m a n n : I t ' s q u i te e a sy. T h e R E D 2
transposi on into German law with the
amendment of the GHG mandate was perfect. So
we worked quite hard to get good framework
condi ons for the German biofuel industry. The
regula on for advanced biofuels according to
annex 9 part A provides a strong incen ve to use
those biofuels and to invest in produc on
facili es as volumes above the sub mandate
count twofold. This means that even when
mineral oil companies have fulfilled their sub
mandate for advanced biofuels, the market can
s ll take these biofuels at relevant prices. This
makes the German market a magnet for
advanced biofuels.
The amended German regula on delivers
security for the exis ng products because there's
enough space for those biofuels in the market
un l 2030. The GHG mandate increases every
year to make sure there is sufficient demand for
every technological op on reducing GHG:
electromobility, all sorts of biofuels, renewable
hydrogen, and electricity-based fuels. They all
count against this GHG mandate.
With the increasing GHG mandate, we avoid one
renewable op on displacing another. If we could
tell a wish, we would say we'd like to con nue this
sort of legal framework beyond 2030. According
to our es mates and other associa ons as well as
scien fic studies, there will be a need for
renewable fuels beyond 2030. When fuel sales go
down at some me due to electrifica on, you
could use the biofuel volumes as higher blends
like B 20, B 30, or pure biodiesel 100. You can
concentrate this in certain sectors like heavy-duty
vehicles, that means buses and trucks or
agriculture machinery.
And there's also mari me transport which will
s ll use liquid and gas fuels for combus on
engines. So I could imagine we need all of our
biofuels s ll more than one decade.
11
OIL AND GAS REPUBLIC I SPECIAL EDITION

VDB EXCLUSIVE INTERVIEW
Elmar Baumann, German Biofuels Industry Associa on e. V. (VDB) & Artur Auernhammer, MP,
Chairman of the Board, German Bioenergy Associa on e. V. (BBE)
There's been a prospect for biofuels in
transport for quite some me. In the long
run, you can also use biofuels like ethanol,
biodiesel, and biomethane as raw
materials and building blocks for the
chemical industry. Chemical Industry is
also trying to reduce fossil feedstocks. So
today, it's nearly 100% fossil oil, mineral
oil, and natural gas, so this has to be
changed.
TER: What are the opportuni es for
integra ng biofuels into the energy
transi on plan in Europe?
Baumann: Today, we are the only
alterna ve fuel used in road traffic. So if
you look today at the sta s cs, 95% of the
decrease in GHG emissions in road
transport is due to the use of biofuels.
Electromobility will increase its share but
un l 2029 or 2030, biofuels will be the
biggest contribu on to decarboniza on
and renewables in road transport. So
that's a huge contribu on.
We s ll have a rela vely low share of
biofuels in the market, about 6 or 7% in
Germany, but that's by far the biggest
contribu on of renewables in road
transport. So there's no way to do
without biofuels.
TER: Are there any ongoing projects you
would like to share with us?
Baumann: I would invite you to contact
o u r m e m b e r c o m p a n i e s S e v e r a l
companies that are planning to invest
in advanced biofuel produc on. What we
thought years ago was that advanced biofuels
would be produced exclusively with new
technologies. That's also ongoing, for sure.
But our impression is that exis ng facili es are
adapted to be able to use one of the feedstocks
of annex IX-part A. So with minor modifica ons
of the produc on process and the availability
of advanced feedstocks, you can process it in
your exis ng biofuel facility and you can try to
increase the volume of those feedstocks.
But one must be clear that it is s ll necessary to
keep the volumes of crop-based biofuels
because we s ll rely on their decarboniza on
performance.
Whereas there is some space for produc on
increase for crop-based biofuels and biofuels
made from waste and residues from
feedstocks according to annex IX-part B, the
lion’s share of the increase will come from
advanced biofuels.
Compared to the biodiesel sector, the
produc on of biomethane for road transport is
small in comparison but will con nue to
increase. Most of this biomethane is based on
agricultural residues like manure and straw
which qualifies for annex IX-part a.
There is a tradi onal produc on of biogas in
rural areas of Germany which is used for
electricity produc on in combined heat and
power plants. Germany is the biggest
European producer in this field. More
biomethane facili es will be built or exis ng
biogas plants will be transformed so that
they can deliver to the grids and from the grid to
road transport.
TER: Will bioenergy contribute to the fuels of
the future in mobility, avia on, and shipping?
Baumann: Biofuels can be used in different
modes of transport. Today biofuels are used
prac cally exclusively in road transport. It will
evolve in the mari me sector as well as in
avia on.
It looks as if electromobility is rolled out a bit
slower than we thought but several crises have
happened such as the war, infla on, etc.
Electromobility will gain its share in road
transport and liquid and gas fuels will more and
more focus on heavy-duty and off-road. The use
of biofuels in Shipping will increase. And there's
also provision on the European level for avia on,
which will start by 2025. Biokerosene will
contribute to this target.
However, from our point of view, it doesn't make
sense to shi exis ng biofuels or feedstock for
biofuels from one transport carrier to the other.
We will s ll need biofuels for more than 10 years
in road transport. It doesn't make sense to switch
these biofuels We need to make sure that new
feedstocks are raised instead of moving the same
feedstock from one use to another.
12
THE ENERGY REPUBLIC I SPECIAL EDITION

“FUELS OF THE FUTURE”: German Stakeholders
Calls For Transparent Policy, Enabling
Environment in Protecting Biofuel Industry
As the global energy transi on agenda and comba ng climate
change forces the world to seek alterna ve energy sources, the
German biofuel industry associa ons have called for a
transparent policy and enabling environment in protec ng the biofuel
industry.
The German biofuel industry associa ons disclosed this at the 20th
Interna onal Conference on Renewable Mobility for 'Fuels of the
Future' held in Berlin from 23rd - 24th January 2023, which was
covered by The Energy Republic. At the event, biofuel resources are
being promoted as alterna ve energy sources as they could help to
reduce greenhouse gas (GHG) emissions and the related climate
change impact from the transporta on sector.
The Interna onal Energy Agency has forecasted that global demand
for biofuels is set to grow by 41 billion liters (28%) between 2021-2026,
while growth in renewable diesel and jet fuel consump on would
increase mostly in advanced economies. According to the report,
biofuel share in the global market in transport fuel consump on is
increasing dras cally from 4.3% to 5.4% between 2022-2027.
However, the German government under the Federal Ministry of
Environment and Agriculture is dra ing a bill on the gradual phase-out
of biofuels produc on from cul vated biomass. The bill, developed
under the aegis of Federal Environment Minister Steffi Lemke and
supported by Federal Agriculture Minister Cem Özdemir, stands in
stark contradic on to the greenhouse gas reduc on gap in the
transport sector.
13
6
7
By Ndubuisi Micheal Obineme
KEY FACTS ABOUT BIOFUELS
Biofuel can be produced from plants or from
agricultural, domes c or industrial biowaste
Biofuel is produced over a short me span from
biomass, rather than by the very slow natural
processes involved in the forma on of fossil fuels
Biofuels is set to grow by 41 billion litres (28%)
between 2021-2026
Biofuels provides jobs and also helps in reducing
GHG up to much extent by emi ng less pollu on
Biofuels also offer a solu on to one of the challenges
of solar, wind, and other alterna ve energy sources
Government policies are the main driver of the
growth opportuni es in biofuels industry
Top countries for biofuel produc on include, USA,
Brazil, Indonesia, China, Germany, France, Thailand,
Argen na, Netherlands, Spain, etc
THE ENERGY REPUBLIC I SPECIAL EDITION

INDUSTRY NEWS
legisla ve amendments announced by the
German government, however, they are
advoca ng for reliable biofuel policy and other
alterna ve op ons to be used to mi gate climate
change.
Artur Auernhammer, Chair of the German Bioenergy Associa on (BBE)
Speaking on this development, the
German biofuel industry stakeholders
and conference par cipants rejected the
bill on the gradual phase-out of biofuels
produc on from cul vated biomass
which was announced at the conference.
In his speech, The Chair of the German
Bioenergy Associa on (BBE), Artur
Auernhammer said, "Sustainable biofuels
saved over 11 million tonnes of CO₂ in
2021. Sustainable cer fied biofuels make
a vital contribu on to efficient, impac ul
climate change mi ga on in the
transport sector and will con nue to do
so in the future. A comprehensive
strategy for alterna ve fuels is now
crucial."
Furthermore, the German biofuel
associa ons and other conference
par cipants stated that biofuels from
cul vated biomass have an essen al role
to play in reducing greenhouse gas
emissions (GHG), no ng that the
proposed bill if implemented would
entrench the sector’s failure to meet its
targets, par cularly as the share of
renewable electricity is declining and it
will take years to develop another
re g u l a t o r y f ra m e w o r k a i m e d a t
increasing more biofuels produc on to
support the energy industry.
They also noted that biofuels play an
important role in the energy industry as
well as mi ga ng the diverse effect of
climate change in the transport sector.
In their words, "Biofuels make the largest
real-world contribu on to greenhouse
gas reduc on, as they are not suscep ble to
inappropriate double-offse ng, in contrast to
e-mobility and hydrogen. Ramping up of e-
mobility is now stalling. A er a short holding
period, most vehicles subsidized with
taxpayers’ money are sold to customers
abroad.
"Alterna ve energy resources, such as
biodiesel, bioethanol, and biomethane, are in
great demand. The challenge of mi ga ng
climate change means e-fuels produced from
wind, solar and bioenergy will also play a major
role in the transport sector to protect the
climate.
"Biodiesel, bioethanol, and biomethane form
the sustainable backbone of greenhouse gas
reduc on in the mobility sector. That makes it
essen al to make consistent use of sustainable
biofuels and other renewable fuels to ensure
effec ve climate change mi ga on in the
transport sector.
"The planned legisla ve amendments would
trigger massive uncertainty throughout the
renewable mobility sector, as well as diver ng
en re trade flows.
"The Environment Ministry ’s planned
amendments at the same me send a warning
to investors keen to invest in biofuels from
residues and waste. Implemen ng these plans
would set back climate change mi ga on in
the transport sector by years, despite the
pressing need to slash greenhouse gas
emissions rapidly.”
Industry Stakeholders Recommenda ons
The German biofuels industry associa ons and
conference par cipants opposed the
They recommended adop ng more ambi ous
statutory climate protec on targets for the
transport sector, adding that there are already
commercially available biofuels and synthe c
fuels that can be deployed.
They also suggested priori zing the use of new
technologies for the produc on of e-fuels or
biofuels superfluous.
"Technologies must con nue to be promoted and
u lized; each has its par cular strengths and
innova ve biofuels will con nue to be crucial in
the future.
"As a common consensus, sustainable mobility
must be made easier and more user-friendly by
expanding charging infrastructure and enhancing
the availability of sustainable biofuels and
renewable fuels in rural areas and for fleets," they
added.
The 20th Interna onal Conference on Renewable
Mobility for 'Fuels of the Future' 2023 was
organized by five German biofuel industry
associa ons. Over 700 par cipants from 33
countries a ended the two-day interna onal
conference for “Fuels of the Future” in Berlin.
Over the past two decades, the “Fuels of the
Future” interna onal conference has become the
top event for the European biofuels industry and
likewise an important forum for discussions on
developing renewable mobility in Germany,
Europe and interna onally.
The next edi on of the event will be held as an inperson
event on the 22nd and 23rd of January
2024 in Berlin.
14
OIL AND GAS REPUBLIC I SPECIAL EDITION

INDUSTRY NEWS
REDCERT Provides Training
and Certication Schemes for
Sustainable Bioenergy
Resources
By Ndubuisi Micheal Obineme
R
EDcert GmbH, a German-based
company, is providing training and
cer fica on schemes for the
development of sustainable bioenergy
resources, including biomass, biofuels,
and bioliquids that comply with the
E u r o p e a n l e g a l f r a m e w o r k a n d
opera onal specifica ons.
REDCert's cer fica ons are accepted in
Germany and Europe, and they can be
applied in the produc on of biofuel and
other forms of bioenergy produc on. The
cer fica on scheme is operated by
REDcert Gesellscha zur Zer fizierung
nachhal g erzeugter Biomasse mbH
which is also the owner of the ‘REDcert”
brand.
In an exclusive interview with Ndubuisi
Micheal Obineme, Managing Editor of
The Energy Republic, REDCert Managing
Director, Peter Jürgens stated that
REDCert is focusing on the biofuel sector,
while its affiliate company specialized in
sustainable Cer fica on Scheme, is
focusing on biomass fuels, electricity, and
heat produc on.
"We are offering the cer fica on scheme
as it is required by the European
Commission. We are recognized by the
European Commission which means we
have to provide the required training and
cer fica on schemes recognized by the
EU.
"We also advise, train, monitor, and
survey the opera ons in the cer fica on
processes of the operators. This is our
goal to provide a good service through
training, informa on, presenta ons, and
whatever is appropriate to support the
implementa on of bioenergy produc on.
"But we are not directly engaged as
project partners in the project
development. We are working as an
independent cer fica on scheme
provider and we don't engage in
company projects, but, many project
developers are calling us to get more
i n fo r m a o n a b o u t t h e l e ga l
frameworks and the requirements,
such as greenhouse gas emissions
c a l c u l a o n r e q u i r e m e n t s o r
requirements on measurement
facili es, which are taken into
account for certain investments and
which may be required for providing
e v i d e n c e w h e n i t c o m e s t o
greenhouse gas calcula on. So a lot
of project developers get in touch
with us to ensure that their
investments will be based on the
right assump ons and to make sure
the project is future-oriented.
"We only provide training and
cer fica on programs. That's our
product and services. We provide all
t h e i n f o r m a o n , t r a i n i n g ,
monitoring, assessment, etc. But we
are not advising companies on how
to implement this. We aren't an
advisory service provider but we are
an independent cer fica on scheme
service provider".
REDcert offers training courses
covering various topics. The training
sessions are held in person or as a
webinar.
With its in-house training courses,
REDcert offers you the opportunity
to explicitly tailor the topics covered
to your company’s needs and
processes. The company in-house
training courses are held at your
company or as webinars. This saves
me, most importantly, but also
travel expenses for your employees.
REDCert works closely with industry
stakeholders, shareholders, and all
the experts from the bioenergy
market in providing the company's
cer fica on schemes for their
opera ons.
Peter Jürgens, Managing Director of REDcert GmbH
The company focuses on the following ac vi es:
3Development, evalua on, and modifica on of scheme
requirements to comply with legal and opera onal
specifica ons
3Opera on of the cer fica on scheme (registering
economic operators, cer fica on bodies, issuing
cer ficates, etc.)
3Measures to assure the integrity of the scheme and
prevent misuse and fraud
3Measures related to transparent scheme management
3Measures for dealing with complaints
3Support for producers (companies) and economic
operators in scheme implementa on.
REDcert offers cer fica on schemes for sustainable
biomass, biofuels and bioliquids (REDcert-DE and REDcert-
EU) as well as sustainable agricultural raw materials for use
in the food/feed industry and biomass for material
purposes respec vely material purposes in the chemical
industry (REDcert²). REDcert's philosophy is to support the
scheme par cipants in the implementa on of
sustainability cer fica on and offer prac cally oriented
schemes.
15
OIL AND GAS REPUBLIC I SPECIAL EDITION

Energy Companies Appeal to
German Govt, List 10 Agendas
for Efficient Carbon
Management Strategy
As Germany begins to develop a
Na onal Carbon Management
Strategy (CMS), TES, alongside
MAN Energy Solu ons, CEMEX and 14
other German industry players have
submi ed a joint posi on paper to the
German government urging it to
priori se a comprehensive carbon
management strategy and implement it
swi ly. In the paper, ten areas for
ac on have been outlined to lead a
s u c c e s s f u l C M S a t b o t h t h e
developmental and implementa on
stages.
The companies list among other things a
close connec on between CMS and the
Na onal Hydrogen and Biomass Strategy,
the development of integrated networks
and systems, the quick growth of a
pipeline network, and a cer ficate of
origin for CO2 as essen al points.
The proposal is part of a broad-reaching
collabora on in the private sector in
Germany to iden fy the hurdles posed in
the exis ng legal regula ons and market
condi ons for the use and storage of
captured CO₂ (CCU/S), preven ng the
implementa on of CCU/S at the required
speed and the necessary standard.
Proper implementa on is of great
importance in terms of loca on policy for
the preserva on of Germany as an
industrial loca on and a condi on for
mee ng both Germany and Europe’s
climate goals.
Marco Alverà, Group CEO of TES said: "
This paper addresses the urgent need for
policy changes that align Germany's
defossiliza on efforts with the necessary
condi ons for sustainable economic
growth. The U.S. Infla on Reduc on Act
impressively demonstrates the poten al
of an effec ve regulatory framework. A
carbon management strategy is crucial
for Germany's industrial future and
climate goals. CO2 should be integrated into the
market as the ideal and safest hydrogen carrier.
When combined with hydrogen, it forms eNG
(renewable natural gas) staying within a closedloop
without being released into the air.”
"Hydrogen and the raw material CO2 must be
thought of together," said Uwe Lauber, CEO of
MAN Energy Solu ons. "Shipping, avia on, the
chemical industry, they all depend on synthe c
fuels. And these are predominantly derived
from H2 and CO2. Technologies for CO2 capture
and u liza on are therefore indispensable for
decarbonizing Germany as an industrial
loca on. Only with their help can we ensure that
Marco Alverà, Group CEO of TES
German defossiliza on does not lead to
deindustrializa on."
Rüdiger Kuhn, Chairman of the Managing
Board, CEMEX Deutschland AG, stated: "CO2
emissions are to a large extent unavoidable in
the cement industry. Without the use of
capture technologies, the complete
decarbonisa on of cement is simply not
possible. We therefore need legal and poli cal
clarity quickly."
Ten Points for an Efficient National Carbon Management Strategy
1. CCU and CCS are equal paths to climate neutrality and complement the expansion of
renewable energies.
2. A Na onal Carbon Management Strategy (CMS) is trend-se ng and must be linked to
the Na onal Hydrogen Strategy and the Na onal Biomass Strategy.
3. CO2 Infrastructure is an essen al part of an integrated Climate Neutrality Network.
4. The rapid construc on of a CO2 Pipeline Network is required for scaling.
5. Cer fica on of CO2 is crucial for reliability and business cases along the CO2 Value
chain.
6. CCU technologies need full recogni on in the EU Emissions Trading System (ETS).
7. Opportuni es should be opened up for CCS outside the EU and EEA.
8. The requirements of the London Protocol on offshore CCS must be met as quickly as
possible.
9. New infrastructure requires consistent adapta on and accelera on of approvals.
10. CCU/S must be recognized as breakthrough technologies for climate protec on and
must be the focus of government funding programmes.
16

INDUSTRY NEWS
Germany Set To Reset The Pace For Global Energy
Transition Agenda At BETD 2023 In Berlin
With recent events such as Russia - Ukraine War and Energy
Security which are highligh ng the vulnerability of the global
energy system, the German government is set to reset the pace
for the global energy transi on agenda at Berlin Energy Transi on
Dialogue (BETD) scheduled to hold from 28-29 March 2023 in Berlin,
Germany.
With the theme, ‘Energiewende – Securing a Green Future’, BETD
2023 stands as a unique forum to exchange ideas, strengthen
partnerships and develop strategies on how the world can move
forward with the global energy transi on.
Current Russia - Ukraine war has emphasized the importance of
energy independence and of expanding locally available energy
sources. The interna onal community has shown that it is capable of
moving resolutely and decisively. Now the ques on is What role can
energy efficiency and renewable energies play in crea ng a poli cally
stable and economically prosperous world? These ques ons will take
center stage at the Berlin Energy Transi on Dialogue (BETD), as well as
in the planned policy discussions. Other ques ons will focus on the
possibili es and need for strategic investments, in par cular in the
area of renewable energies. This dialogue also involves tradi onal
exporters of fossil fuels, who are now facing the challenge of adap ng
their economic systems to a changing environment. For many
countries, the situa on creates new opportuni es for diversifying
their economies and increasing trade and investments between
various countries globally.
German Foreign Minister Annalena Baerbock said: "The Berlin Energy
Transi on Dialogue is a unique forum to exchange ideas, strengthen
partnerships and develop strategies together on how we can move
forward with the global energy transi on.
The global energy transi on and comba ng the climate crisis are now
hard geopoli cs. The interna onal community is watching Germany’s
path even more closely and the interest in interna onal coopera on is
even greater. The task is now to make ourselves independent from
Russian energy imports as quickly as possible.”
German Minister for Economic Affairs and Climate Ac on Dr. Robert
Habeck commented: "The war of aggression waged by Russia against
Ukraine, in clear breach of interna onal law, has brought the ques on
of energy security to the forefront of interna onal discussions as well.
We must free ourselves from the grip of Russian imports so that we
are longer suscep ble to blackmail. We in the German Government
are sparing no effort to achieve this. The key to energy sovereignty,
however, lies in the expansion of renewable energies. This ques on is
of utmost relevance to na onal, European, and interna onal
security".
At BETD 2023, high-level policymakers, and representa ves from
industry, science, and civil society are allowed to share their
experiences and ideas on a safe, affordable, and environmentally
responsible global energy transi on.
The event is hosted and supported by the German Federal
Government and is a joint ini a ve of the German Renewable Energy
Federa on (BEE), the German Solar Associa on (BSW), the German
Energy Agency (dena), and eclareon.
17
THE ENERGY REPUBLIC I SPECIAL EDITION

INDUSTRY NEWS
BP Energy Outlook 2023: ‘Modern Bioenergy’
Resources to Decarbonize Hard-to-Abate Industries
Modern bioenergy resources will help to
decarbonize hard-to-abate sectors such
as buildings, transport, hydrogen, heat
and power, and other industrial sectors
for the long term, according to BP Energy
Outlook 2023.
With updated projec ons on the energy
resources that will play a significant role
in the 2050 Net-Zero emission target, the
"BP Energy Outlook 2023" analyses the
important trends and uncertain es
underlying the global energy transi on
agenda.
The report also revealed that there will be
a decline in the use of hydrocarbons and a
rapid increase in renewable energy
sources, including an increase in
electrifica on, and a rise in the use of lowcarbon
hydrogen.
Low-carbon hydrogen plays a cri cal role
in decarbonizing the energy system,
especially in hard-to-abate processes and
ac vi es in major industry and transport.
Low-carbon hydrogen is dominated by
green and blue hydrogen, with green
hydrogen growing in importance over
me.
In addi on, the war between Russia and
Ukraine and growing worries about
energy security, par cularly in Europe,
have sparked a shi toward a more
regional, lower-carbon energy mix,
pu ng bioenergy resources in the
limelight.
Spencer Dale, BP's Chief economist said:
"Any successful and enduring energy
transi on needs to address these three
dimensions of the energy system –
security, affordability, and sustainability.
The past year has been dominated by the
terrible consequences of the Russia-
Ukraine war and
its awful toll on lives and communi es. Our
thoughts and hopes are with all those affected.
The scenarios in Outlook 2023 have been
updated to take account of the war, as well as
the passing of the Infla on Reduc on Act in
the US.
"The desire of countries to bolster their energy
security by reducing their dependency on
imported energy – dominated by fossil fuels –
and instead have access to more domes cally
produced energy – much of which is likely to
come from renewables and other non-fossil
energy sources – suggests that the war is likely
to accelerate the pace of the energy
transi on".
According to the BP Energy Outlook 2023,
there has been a major transi on from
tradi onal to modern bioenergy resources.
The usage of biofuels, biomethane and
modern solid biomass (such as wood pellets)
has all increased drama cally and replaced
tradi onal biomass.
The report also stated that modern bioenergy
would steadily rise to reach about 65 EJ by
2 0 5 0 , w h i c h w o u l d u n q u e s o n a b l y
counterbalance the phase-out of tradi onal
biomass, such as waste wood and agricultural
wastes used for cooking and hea ng, which
will also be phased out by 2050.
Bioenergy Growth Opportuni es
Modern bioenergy resources have great
poten al for expansion, but they haven't yet
received enough a en on or been properly
u lized. Government ini a ves on transparent
p o l i c i e s , t h e c r e a o n o f f a v o r a b l e
environments for land use, as well as regional
collabora on in procuring these resources
through residues (from agriculture and
forestry) and waste products, will enable the
spread of modern bioenergy.
Biomass
Furthermore, by 2050, emerging economies
By Ndubuisi Micheal Obineme
would account for around three-quarters of the
development prospects in modern bioenergy. In
emerging economies, biomass is used in the
power sector in both coal cogenera on plants
and biomass cogenera on plants.
While solid biomass, which is mostly u lized in
the power industry, has seen the highest increase
in demand for modern bioenergy, other
bioenergy resources are used to help
decarbonize hard-to-abate industrial processes,
especially in cement and steel manufacturing.
In the power and industrial sectors, biomass can
be used in conjunc on with carbon capture and
storage (BECCS). The use of BECCS globally for the
Net-Zero target would reach 13 EJ by 2050,
around half of which is deployed in the power
sector, with much of the remainder used to
produce hydrogen.
Biomass can be u lized in conjunc on with
carbon capture and storage (BECCS) in the
industrial and electricity sectors. By 2050, 13 EJ
would be required globally for the Net-Zero
target, with the majority of the remaining BECCS
being used to produce hydrogen. Around half of
this amount would be used in the power sector.
Rapid decarboniza on pathways are made
possible by carbon capture, u liza on, and
storage, which reduces emissions from the
burning of fossil fuels while also removing carbon
dioxide from the atmosphere.
For the world to decarbonize deeply and quickly,
a variety of carbon dioxide removal techniques
will be required, including direct air carbon
capture and storage, natural climate solu ons,
and bioenergy coupled with carbon capture and
storage.
Biofuels
By 2050, the produc on of biofuels will reach
about 10 EJ, with the majority of these fuels going
20
OIL AND GAS REPUBLIC I SPECIAL EDITION

INDUSTRY NEWS
t o w a r d t h e av i a o n i n d u s t r y.
Bioethanol, o en known as ethanol, and
biodiesel are the biofuels that are most
frequently produced and consumed.
In contrast to the extremely slow natural
processes involved in the produc on of
fossil fuels, biofuel is a fuel that is
created from renewable biological
sources, such as plants and crops, or
agricultural, residen al, or industrial
biowaste, over a short period.
Biofuels can be split up into three
categories, namely:
3Solid biofuels (fuelwood, wood
residues, wood pellets, animal waste, vegetal
material, etc)
3Liquid biofuels (biogasoline, biodiesel, bio jet
kerosene, etc)
3Biogases (from anaerobic fermenta on and thermal
processes).
Moreover, biofuels used for non-energy applica ons
like the wood used in construc on or as furniture,
biolubricant used in engine lubrica on, and bio
bitumen used as road surface are not included in the
purview of energy sta s cs. The United States of
America, Brazil, Indonesia, China, Germany, France,
Thailand, Argen na, Netherlands, Spain, and others
are among the top producers of biofuels globally.
By 2050, bio-derived sustainable
avia on fuel (biojet), which must be
supported by governmental incen ves
and policy, will account for 30% of all
avia on demand and 45% of the Net
Zero emission target. The US and
Europe will contribute 50% to 60% of
the growth in biojet.
Government policies are the primary
forces behind the rapid development of
the biofuel industry to fully realize the
poten al of biofuels, but other
elements such as the overall demand
for transporta on fuel, costs, and the
design of specific policies affect where
growth occurs and which fuels will grow
quickly.
Biomethane
Biomethane is blended into the natural
gas grid as a direct subs tute for natural
gas and is shared broadly
equally across industry, buildings, and
transport. In all scenarios, biomethane
will increase drama cally from less
than 0.2 EJ in 2019 to between 6-7 EJ by
2050.
Other Energy Sources
Other renewable energies such as wind
and solar power will con nue to
increase rapidly, but, it requires a
significant investment in financing new
projects and expanding exis ng
capacity.
Wind, solar, bioenergy, geothermal,
and other forms of renewable energy
make up a major por on of the energy
sector. By 2050, between 35 and 65% of
the world's primary energy will come
from renewable sources, up from
around 10% in 2019. This increase will
be fueled by renewable energy sources'
be er cost compe veness as well as
the rising prevalence of policies that
support the switch to low-carbon
energy.
The BP Energy Outlook noted that the
demand for hydrocarbons will drop as
the world transi ons to low-carbon
energy sources, adding that the
propor on of fossil fuels in primary
energy declines from over 80% in 2019
to between 55-20% by 2050.
21
THE ENERGY REPUBLIC I SPECIAL EDITION

INDUSTRY NEWS
COP28 President-Designate Emphasizes the
Signicance of the Energy Sector, Calls for Solidarity
and Action at COP28
At his keynote address at
CERAWeek 2023, which was held
from March 6–10, 2023, in
Houston, Texas, USA, Dr. Sultan Al Jaber,
COP28 UAE President-Designate,
emphasized the crucial role that the oil
and gas industry plays in resolving the
climate crisis.
Energy leaders have the knowledge,
experience, exper se, and resources
necessary to handle the dual challenge
of advancing sustainability while
containing emissions, according to Dr. Al
Jaber, who spoke at the plenary session.
He said, “Let me call on you today to
decarbonise quicker, future-proof
sooner and create the energy system of
the future, today... Alongside all
industries, the oil and gas sector needs to
up its game, do more and do it faster.”
Dr. Al Jaber summed up the complexity
of the challenge saying, “By 2030, there
will be an extra half a billion people living
on this planet, demanding more energy
every year. And at the same me, the
world needs to cut emissions by 7 per
cent each year to keep 1.5 alive- that’s 43
per cent in less than seven years. This is a
global challenge that calls for global
solu ons from every stakeholder ac ng
in unity and solidarity.”
He said: “This year, the world will
evaluate exactly where we are when it
comes to climate progress through the
first Global Stocktake. And we know we
are way off track. We need a major
course correc on.”
Dr. Al Jaber added: “To echo the two
most famous phrases of this city, first we
need to recognise ‘Houston…we have a
problem’ and then we need to agree that
‘failure is not an op on.’”
He emphasised the need for unity and
solidarity in tackling the energy
trilemma. “Every government, every
industry, every business, and every
individual have a role to play. No one can
be on the sidelines.
And this industry, in par cular, is integral
to developing the solu ons.
Dr. Sultan Al Jaber, COP28 UAE President-Designate
In fact, this industry must take responsibility and lead
the way.”
According to Dr. Al Jaber, "The oil and gas industry
must quickly decarbonize both its own opera ons and
those of its clients.
“Only half of the industry has declared a scope 1 and 2
net-zero goal by 2050. Everyone in the industry needs
to be aligned around the same goal. And we should
stretch ourselves to go further. Let’s aim to achieve
net-zero even earlier. Let’s also scale up best prac ces
to reach net-zero methane emissions by 2030. Let’s
electrify opera ons, equip facili es with carbon
capture and storage, and use all available technologies
to increase efficiency. And let’s monitor, measure, and
validate progress every step of the way.”
Dr. Al Jaber con nued: “Making a dent in the climate
crisis is not just about decarbonizing oil and gas
opera ons. With the right incen ves, the right
technologies, the right mindset and the right
partnership model, the oil and gas industry has the
capacity and the resources to help everyone address
Scope 3.”
He added: “Power genera on is the sector where the
biggest impact can be made in the shortest amount of
me. By 2030, renewable energy capacity needs to
triple. This is the decade to diversify por olios, future
proof companies and provide the clean energy the
world needs. That said, we know that for high-emi ng
sectors, renewable energy is not enough. Aluminum,
steel, cement, and many other heavy industries, make
up 30 per cent of global emissions.”
Dr. Al Jaber added: “Decarbonising economies at scale
requires an “enabling ecosystem” that connects policy,
people, technology, and capital.”
“Policymakers must create the incen ves that move
the market in the right direc on.
Industry needs clear policies to guide
long-term investment decisions. The
right regula ons will s mulate
breakthrough technologies to unlock
ba ery storage, bring down the cost of
carbon capture, and develop and
commercialize the hydrogen value
c h a i n . A n d p e o p l e n e e d to b e
empowered to work together, break
out of their silos, and unify around a
common cause.”
“The en re financial community needs
to play a bigger role. In 2022, the world
invested $1.4 trillion in the energy
transi on. According to the IEA, we
need over three mes that amount.
Capital must come from all sources:
governments, the private sector,
ins tu onal investors, private equity,
industry, and interna onal financial
ins tu ons.”
He emphasised that when it comes to
financing the energy transi on, “we
must ensure that no one is le behind.”
“Only 15 per cent of clean tech
investment reaches developing
economies in the Global South, and
that is where 80 per cent of the
popula on live. That’s why we need to
think seriously about fundamental
reform of IFIs and the mul lateral
banks to unlock concessional finance,
lower risk and a ract greater private
investment.”
Dr. Al Jaber concluded his remarks by
invi ng all par es across government,
the private sector and civil society to
“cooperate, collaborate, share ideas
and talk to us.”
He said, “Let me extend an open
i nv i ta o n to a l l p a r e s a c ro s s
government, the private sector and civil
society. And let’s remember that
progress is made through partnership
not polarisa on. Let’s unite a divided
world with a COP of solidarity, a COP of
ac on and a COP for all. All of us need to
be pulling in the same direc on.
Because there is more energy in unity
than division. We must have the will.
We certainly have what it takes to make
the difference. This is our moonshot.
Failure is not an op on.
22
THE ENERGY REPUBLIC I SPECIAL EDITION

INDUSTRY NEWS
'Energy Transition Pathway Should Be Different for
Each Country' - Says G20 Energy Working Group
3India signs MOU with Indonesia-Malaysia-Thailand Growth Triangle Joint Business Council to further promote
adop on of energy efficiency and sustainable prac ces in the region
3Next ETWG Mee ng scheduled early April in Gandhinagar
Member countries of G20 has
agreed that energy transi on
pathways may be different for
e a c h c o u n t r i e s . T h e y m a d e t h e
declara on at the first mee ng of the G20
Energy Transi on Working Group in
Bengaluru, which lasted for two days,
wherein a clear understanding emerged
that fossil fuels would con nue to be used
in most of the countries in the coming 15
to 20 years to increase the share of
renewal energy.
Addressing the media, Shri Alok Kumar,
Secretary, ministry of power said that the
member countries responded posi vely
to the need for energy security and
diversified supply chains.
"Par cipants, however, shared the view
that the energy transi on pathway
should be different for each country
depending on its energy base and
poten al," Said a power ministry
statement quo ng the secretary.
The Power Secretary said, it was
appreciated that grid
inter-connec ons like India is promo ng under
"One Sun, One World, One Grid" can lead to
be er u lisa on of available energy sources
amongst member countries without much
storage capacity. Delibera ons stressed the
need to focus more on energy efficiency of
industries, also to ensure that carbon dioxide
emissions increase in a rapid manner.
As regards the session on Universal Access to
C l e a n E n e r g y, K u m a r s a i d t h a t t h e
delibera ons stressed the need to manage fuel
prices and choice of technology to see that
everyone on the planet has access to
affordable energy. Member countries
favoured a people-centric energy transi on
mechanism, he added.
Delegates complimented India for the missionmode
implementa on of 'Soubhagya, Ujala'
and 'Ujjwal' energy schemes that led to
complete access to electricity, clean cooking,
and efficient ligh ng.
On the side-lines, India has signed a
Memorandum of Understanding (MoU) with
Indonesia-Malaysia-Thailand Growth Triangle
Joint Business Council (IMT-GT JBC), Malaysia to
further promote the adop on of energy
efficiency and sustainable prac ces in the region.
Energy Efficiency Services Limited (EESL), a public
sector undertaking under the ministry of power,
signed the MoU with the IMT-GT JBC Malaysia
coinciding with the India Energy Week
celebra ons.
As part of this strategic partnership, EESL will
provide technical advisory, project management
support, contrac ng and implementa on
support to execute select energy efficiency
programmes from its por olio with proven track
records of successful implementa on.
The next ETWG mee ng is scheduled in the first
week of April in Gandhinagar, Gujarat, the Power
Secretary said.
23
THE ENERGY REPUBLIC I SPECIAL EDITION

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Renewable electricity growth is
accelera ng faster than ever
worldwide, s u p p o r n g t h e
emergence of the new global energy
economy. A high-quality solar module at
an affordable price has been a key
customer demand. A leading Tier1
German solar module manufacturer AE
Solar has maintained a perfect balance
between quality and price through its
latest product series.
The R&D team of AE Solar has introduced
2 new product series – Aurora and
Thunder for Swedish Audience available
at company’s local distributor TEOB
Solar.
About the assortment offered to Sweden:
Aurora module series are the most
flexible product of AE Solar with various
electrical characteriza ons proper es
and bills of materials.
The Aurora modules range in output up to
670 W with an efficiency of up to 21.6%.
The modules come in three different bills
of materials: Mono-facial, Bifacial with
glass-transparent backsheet, and Bifacial
double-glass. All of them are durable and
resistant to harsh environmental
condi ons including high ammonia, salt
mist, sand, and dust as well as poten alinduced
degrada on as per various
industry-standard tests such as the IEC,
and CE.
The module series are already highly
d e m a n d e d a n d t o p - s e l l i n g s i n c e i t s
announcement.
Datasheets: h ps://ae-solar.com/productslist/
Thunder – series for the households who value
the aesthe cs of the value and the highest
efficiency. The panels comprise high efficiency
PERC monocrystalline cells with efficiencies of
between 20.3-21.3%. The open circuit voltage
spans 49.1-49.6 V and the short circuit current,
9.93-10.12 A. In terms of size, the panels are
1,646 x 1,140 x 35 mm and weigh 20.5 kg.
They can be used at opera ng temperatures of -
40 to +85 degrees Celsius and their opera ng
temperature coefficient is -0.34% per degree
C e l s i u s . D a t a s h e e t s : h p s : / / a e -
solar.com/products-list/
“TEOB Solar is more than happy to establish a
very ght partnership with European leading
solar panels manufacturing and only one TIER1
German Brand AE Solar. AE Solar engineers have
worked hard to offer a new upgraded versions of
PV modules in the way to give more guarantees
to our customers in terms of a higher energy
yield, higher durability and higher reliability.
Most importantly, the modules come with 15
years of product warranty and 30 years of
performance guarantee terms reinsured by a
world-famous insurance ins tu on, the Ariel Re
of Lloyd’s London.
German Tier1
Solar Panel
Manufacturer
AE Solar Enters
Sweden market
So, it is me to illuminate!” – says Nerijus
Venckus, CEO and Founder at TEOB Solar.
To protect the authen city and German
quality, AE Solar integrates NFC chips into its
every solar panel. Anyone with a smartphone
can check in seconds the authen city and
origins of AE Solar’s products. The embedded
NFC chip conveys all important informa on
about the PV module almost immediately. It
also allows the end consumer to interact with
AE Solar, share his or her experience and get
feedback from professionals. Directly
communica ng with the brand and tracking
the panels using a cloud database is one of the
great possibili es of this chip, which has an
interac onal system via its associated app.
The TEoB AB is a young Swedish based
company with mo va on and professional
experience within energy produc on industry,
established in 2017. For the last years
company invested in development of the
clients and suppliers network in Swedish
market. The main goal of the company is to
ensure the high quality services in Sweden.
The Tier1 German solar panels manufacturer
AE Solar, established in 2003, has grown
steadily over the past few years to both
broaden its por olio and strengthen its
presence in the interna onal marketplace.
The module manufacturer now operates in
more than 95 countries. Amongst other
awards, AE Solar owns the UN Global Compact
Partnership for Sustainability Award – in the
Planet Category.
The company has a wide range of distributors
in local markets and is con nuously striving to
increase its global solar footprint.
25

INDUSTRY NEWS
Blue Hydrogen: A key player in the
future of energy transition
The energy sector is undergoing a
transforma on, with a growing
focus on cleaner energy sources
a n d t e c h n o l o g i e s t h a t r e d u c e
g re e n h o u s e ga s e m i s s i o n s a n d
contribute to a more sustainable future.
In this context, hydrogen is emerging as
a key player in the energy transi on,
with a variety of clean produc on
methods offering different advantages
and compe veness in the market.
The recent results of the Accelerated
Energy Decarbonisa on Scenario
( A E D S ) , d e v e l o p e d w i t h i n t h e
framework of the 7th edi on of the
GECF Global Gas Outlook, provide
valuable insights into the future of
hydrogen as an energy vector. The
results of the AEDS indicate that
hydrogen has the poten al to play a
major role in mee ng future energy
needs. The AEDS projects that hydrogen
demand could reach 550 million tonnes
(mt) by 2050, making up nearly 10% of
the total energy mix. This high demand
for hydrogen reflects its compa bility as
an energy vector, but also highlights the
need for clean and more efficient means
of hydrogen produc on.
Green hydrogen produced through the
electrolysis of water using renewable
Hydrogen output by method of production in AEDS (Mt of H2)
Source: 2022 edition of GECF Global Gas Outlook 2050 (29 January 2023)
By Seyed Mohsen Razavi, Energy Technology Analyst of
Gas Expor ng Countries Forum (GECF)
power is expected to gain 48% of the output by
2050, with 270 mt of produc on. This level of
produc on will require a huge amount of
electricity, es mated at 12,000 terawa hour
(TWh). This is equivalent to 43% of the current
world annual electricity genera on, or four
mes the current electricity genera on from
wind and solar, or the total current electricity
genera on in China and the U.S. combined.
Moreover, there will be a massive total
requirement for renewable electricity
genera on forecasted at 46,000 TWh annually
from solar and wind in AEDS by 2050 due to
higher electricity needs and decarbonisa on
pathways such as electrifica on of the energy
sectors. This massive amount of renewable
power demand is more than 12 mes higher
than the current genera on from wind and solar
at around 3,600 TWh. The need for such a large
amount of renewable power makes it
impera ve to consider a large share of hydrogen
produc on from other available, compe ve
and mature methods, such as natural gas-based
blue hydrogen.
The AEDS expects that around 220 mt of
hydrogen will be generated using natural gas
with carbon capture and storage (CCS),
accoun ng for 40% of total output by 2050. This
level of hydrogen produc on will require more
than 930 billion cubic meters of natural gas by
2050. Coal gasifica on with CCS is expected to
contribute to around 10% or 54 mt of hydrogen
produc on by 2050.
The cost compe veness of these different
hydrogen produc on methods is a key factor
that will influence their market penetra on
and adop on. The cost of blue and green
hydrogen varies depending on several factors
such as loca on, produc on method, and scale
of produc on. Currently, blue hydrogen is a
more cost-compe ve op on than green
hydrogen, as it leverages the exis ng natural
gas infrastructure and CCS technology.
Presently, the average cost of blue hydrogen is
es mated to be around US$1.5 to US$ 3 per
kilogram of hydrogen, while the cost of green
hydrogen is higher, ranging from US$ 3 to US$ 6
per kilogram.
However, as renewable energy sources
become cheaper and more widespread, green
hydrogen is expected to enhance its costcompe
veness and gain a large market share.
The cost of green hydrogen produc on is
expected to decrease by around 50% by 2030,
making it compe ve with current cost of blue
hydrogen. On the other hand, blue hydrogen is
also expected to become cheaper, as the
technology for CCS improves and becomes
more widely adopted. By 2050, it is es mated
that the cost of green hydrogen will be similar
to that of blue hydrogen, making both op ons
viable for widespread use in various industries.
It is important to note that the energy
transi on is not a one-size-fits-all solu on, and
a variety of clean hydrogen produc on
methods are necessary to meet the future
energy needs. In this context, the AEDS
acknowledges the importance of considering
all clean hydrogen produc on methods.
In conclusion, hydrogen is a crucial element in
the energy transi on, offering a clean and
versa le energy source that can play a
significant role in reducing greenhouse gas
emissions and contribu ng to a more
sustainable future. The results of the AEDS
highlight the importance of considering all
clean hydrogen produc on methods, including
blue hydrogen and green hydrogen, in the
future energy mix. The cost compe veness of
these different hydrogen produc on methods
will be a key factor influencing their market
penetra on and adop on. The energy
transi on will likely involve a combina on of
clean hydrogen produc on methods tailored
to specific energy needs and contexts.
26

INDUSTRY NEWS
Catena-X to Showcase Industry Wide Data Show
Room at Hannover Messe 2023
F
rom April 17 to April 21, 2023 in
Hall 8 at Stand D24 of the
Hannover Messe, Catena-X will
demonstrate data exchange with
r e p r e s e n t a v e s o f w e l l - k n o w n
c o r p o ra o n s a n d m e d i u m - s i ze d
companies in the automo ve industry for
the first me.
“As an industry, we have proven that
together we can create and operate an
open and interoperable product and
service por olio. Users and suppliers of
large and medium-sized companies can
now collabora vely generate real added
value for themselves and their partners in
the Catena-X data room. We are very
pleased to present this at the Hanover
Fair using real tes monials," says Oliver
Ganser, CEO and consor um leader of the
Catena-X Automo ve Network.
In addi on to these tes monials, the
central themes of the stand will be an
insight into the top Catena-X use cases
and their benefits for companies . In
addi on, we offer developers a simple
and powerful entry point to par cipate in
the Catena-X vision.
Oliver Ganser, CEO and consor um leader of
the Catena-X Automo ve Network
This is done via a wide range of open source
offerings for our use cases, which we call KITs.
The Hanover Fair, which takes place this year
under the mo o "Making The Difference", is
the most important interna onal pla orm for
all technologies related to industrial
transforma on. Catena-X will make a
difference with the first Gaia-X compliant,
industry-wide and global data room make.
Catena-X Automo ve Network eV is the world's
first collabora ve and open data ecosystem.
U s i n g s t a n d a r d i z a o n a p p r o a c h e s ,
interoperability and data room governance, it
connects global players in the automo ve
industry via data-based value chains. The
associa on was founded in 2021 and is based in
Berlin. The founders of the partner network
include BMW AG, Deutsche Telekom AG,
Mercedes Benz AG, BASF SE, Henkel AG,
Volkswagen AG, Robert Bosch GmbH, SAP SE,
Siemens AG and ZF Friedrichshafen AG. Other
companies have joined the ini a ve including
Stellan s, Ford, Valeo, Renault, Volvo,
Con nental, Magna, Denso and many others .
H2EXPO & Conference to hold in June 2023 in Hamburg
About hundred days un l the doors
of Hamburg will once again become a hub for the
of the H2EXPO & CONFERENCE will
latest findings on various processes and
open and the interna onal
applica ons that shall accelerate the market
community of the hydrogen industry will
ramp-up of the hydrogen economy.
meet again in Hamburg. Prepara ons for
the event are in full swing, and the event
will feature some prominent industry
partners for the H2EXPO & CONFERENCE,
including Deutscher Wasserstoffverband
(DWV), Cluster Erneuerbare Energien
Hamburg (EEHH), H2Global S
DN Media Group.
ung and
The conference programme will feature
top-flight experts panel sessions. Two
sessions of the Hydrogen Summit 2023 on
the first conference day will address “The
i m p a c t o f s u b s i d i e s ” a n d “ T h e
i n t e r n a o n a l h y d r o g e n t r a d e ”
respec vely.
“What was once ini ated as a collec on
of ambi ous research projects must now
be rapidly developed into market-ready
technologies and applica ons. H2EXPO &
CONFERENCE is the right pla orm to exchange
concepts and solu ons for crea ng a
func oning hydrogen value chain through
interna onal and cross-sector interac on”,
says Andreas Arnheim, Project Manager of
H2EXPO & CONFERENCE at Hamburg Messe
und Congress (HMC).
With the H2EXPO & CONFERENCE, the
exhibi on grounds of the hydrogen metropolis
“Offshore wind energy is a key resource for the
produc on of green hydrogen in Germany and
Europe. Electrolysis at sea allows us to connect
wind farms, especially those in remote offshore
loca ons, to the shore in a cost-efficient and
environmentally feasible manner using hydrogen
pipelines. Offshore wind-powered hydrogen
power sta ons will play a key role in ensuring a
secure, sustainable and economical supply of
energy from domes c renewable sources in
future. The H2 EXPO & CONFERENCE provides an
ideal environment for building networks
between stakeholders from the wind energy
sector and along the en re hydrogen value chain,
encouraging knowledge-sharing, networking and
joint ini a ves to create tomorrow’s carbonneutral
energy systems,” says Werner Diwald,
CEO DWV
27
OIL AND GAS REPUBLIC I SPECIAL EDITION

28–29 JUNE 2023
24–27 SEPTEMBER 2024
HAMBURG
JOIN THE GLOBAL
NETWORK FOR
HYDROGEN SOLUTIONS.
IN 2024 CO-LOCATED WITH
h2expo.com

INDUSTRY NEWS
Chief Timipre Sylva
Kara Owen, Bri sh High Commissioner to Singapore, with Scotland's Business Minister Ivan McKee
and Noel Chin, President of the Hydrogen and Fuel Cell Associa on of Singapore
in Scotland and Singapore, the collabora on will
focus on sharing informa on and exper se to help
the na ons’ respec ve hydrogen industries
develop and expand.
In par cular, the SHFCA and HFCAS will seek to
iden fy and overcome common technology
barriers to the produc on, distribu on, storage
and use of hydrogen, with a view to expanding the
poten al applica ons of the technologies and
encouraging their use.
The organisa ons will share best prac ce on
hydrogen and fuel cell codes and regula ons, and
pool resources and experience through the
exchange of white papers, case studies and
reports. The agreement also creates extensive
o p p o r t u n i e s f o r n e t w o r k i n g a n d
communica ons through trade missions,
conferences, exhibi ons, workshops, webinars
and mee ngs.
Scotland and Singapore join forces to
promote hydrogen and fuel cell technology
The hydrogen industry associa ons
for Scotland and Singapore have
commi ed to work together to
p ro m o te i n d u st r y exc h a n ge a n d
development, with benefits for joint
commercial projects and climate goals.
Commercial opportuni es that promote
net zero targets
Scotland’s globally recognised exper se
in hydrogen produc on and supply is
poised to reach important new markets,
as the hydrogen industry organisa ons
for Scotland and Singapore form a new
alliance that will strengthen their
collabora on.
The Sco sh Hydrogen and Fuel Cell
Associa on (SHFCA) and the Hydrogen
and Fuel Cell Associa on of Singapore
(HFCAS) have signed a Memorandum of
Understanding (MoU) that will see the
organisa ons work together to promote
the development and use of hydrogen
and fuel cell technology, as well as wider
industry exchange and advancement.
The new partnership will s mulate joint
hydrogen and fuel cell commercial
projects in Scotland and Singapore, which
will bring economic benefits and help
both na ons work toward their net zero
emissions.
Nigel Holmes, CEO of Sco sh Hydrogen
and Fuel Cell Associa on (SHFCA) said:
" T h i s M e m o r a n d u m o f
Understanding…will build links that
i d e n f y a n d d e v e l o p t ra d e a n d
innova on opportuni es between our
members.
This can help us to develop and share best
prac ce in the deployment and safe use of
low carbon hydrogen technologies, which
will be cri cal for delivering net zero targets
in both Scotland and Singapore".
Exci ng opportuni es for collabora on
and trade
The agreement was signed at an MoU
ceremony in Singapore on Friday 17
February 2023, which was a ended by
Sco sh Government Business Minister Ivan
McKee during a week-long visit to South-
East Asia.
Mr McKee's visit to Singapore was arranged
by Sco sh Development Interna onal
(SDI)’s team of trade and investment
specialists based in South-East Asia, with the
goal of further enhancing trade and
investment links between Scotland and the
region.
Jan Robertson, Director of Global Trade at
Sco sh Development Interna onal (SDI)
commented: "Singapore is a market of
growing importance to Sco sh exporters,
offering a gateway to the wider South-East
Asia region. With Singapore recently
commi ng to achieving net zero emissions
by 2050, there is scope for Sco sh exper se
in hydrogen technologies to be u lised here.
This MoU will enhance sectoral links and
poten ally generate trade opportuni es for
companies in Scotland".
A prac cal partnership to advance
knowledge and technology
As well as suppor ng commercial interests
Noel Chin, President of Hydrogen and Fuel Cell
Associa on of Singapore (HFCAS) noted: "We
believe that [the MoU] will open doorways for
Singapore enterprises to explore…working with
Sco sh companies on the hydrogen ecosystem,
and vice versa. It will also forge closer es and
allow for the exchange of knowledge between
Singapore and Scotland, where both HFCAS and
SHFCAS can work together to create opportuni es
for our members to come together and discuss
poten al partnerships and projects".
Working toward be er low carbon technologies
Established in 2004, the SHFCA promotes and
develops exper se in fuel cells and hydrogen
technologies in Scotland. With more than 180
members from across industry, academia and the
public sector, the organisa on reflects the
increasing role that hydrogen and fuel cell
technologies can play in the deployment of
renewables and low carbon technologies to create
a net zero energy system.
HFCAS plays a similar role in encouraging hydrogen
and fuel cell development and deployment in
Singapore. Since its forma on in 2019, the HFCAS
has promoted the use of hydrogen and fuel cells to
help in Singapore’s decarbonisa on efforts and
move towards a greener energy mix for power
genera on, mobility and industrial applica ons.
Together, the organisa ons will create a
collabora ve environment that will support the
hydrogen industries in both Scotland and
Singapore, while also fostering technological
advances with wider applica ons for the
renewables industry more generally.
Ivan McKee, Minister for Business, Trade, Tourism
and Enterprise, Sco sh Government added: "The
signing of this MoU between HFCAS and SHFCA is
an important milestone as we con nue to strive
towards reaching our net zero commitments".
57 09 22 29
THE ENERGY REPUBLIC I SPECIAL EDITION

Calgary set to host World
Petroleum Congress in
September
2023
in addi on to a material partnership with the
Government of Alberta. The City of Calgary has
also commi ed to providing important in-kind
contribu ons for the Congress, which will make
this world-class event a success.
The Canadian Organizing
Commi ee for the 24th World
Petroleum Congress (“OCAN”) has
announced numerous milestones ahead
of hos ng the Congress in Calgary,
Canada from September 17 – 21, 2023.
Key milestones include recogni on of the
ini al industry and government sponsors
and partners which will underpin the
success of the Congress, selec on of
keynote speakers for the Strategic
Programme of the Congress, updates on
registra on melines and pricing and the
appointment of two new Board Members
to the Canadian Associa on of the World
Petroleum Council.
As OCAN progresses planning, the
excitement surrounding the Congress
and its theme of Energy Transi on: The
Path to Net Zero, con nues to build and
par cipa on con nues to grow.
Recognizing our Sponsors
The diverse cross sec on of sponsors
suppor ng the 24th Congress, includes
global and domes c energy leaders and
suppor ng companies and government
partners, demonstra ng the strong
interest in the Congress as industry and
governments seek to establish a Path to
Net Zero.
With the Congress 10 months away,
interest in sponsorship opportuni es has
been very strong and confirmed sponsors
include Accenture, QatarEnergy, Repsol,
Cenovus Energy, Suncor Energy, Pathways
Alliance, BP, Chevron, Petrobras, Benne
Jones, Hatch, MEG Energy, Shell Canada,
the Canadian Associa on of Petroleum
Producers and S keman Ellio .
OCAN recognizes the Government of
Canada’s agency, PrairiesCan, for cri cal
funding support
With sponsorship discussions proceeding with
numerous global and Canadian organiza ons,
further sponsorship announcements will be
made in the coming weeks. Addi onally, OCAN
expects to sell all available exhibi on space at
the BMO Centre in Stampede Park by the end of
the first quarter of 2023.
“As a global energy hub, Calgary is taking a
leadership role in energy transforma on and
delivering net zero solu ons,” says the Mayor of
Calgary, Jyo Gondek. “We are pleased to be
both a supporter and the host city of the 24th
Congress and look forward to welcoming the
world to Calgary.”
“Our government recognizes that to ensure
Canada’s industry and its workers are at the
forefront of building a cleaner and more
sustainable economy, we cannot do it alone,”
says the Honourable Dan Vandal, Minister for
PrairiesCan. “Achieving a net-zero economy by
2050 requires all orders of government working
together in partnership with industry leaders,
crea ng new investment opportuni es for clean
technology firms in Alberta and across the
country. By hos ng the 24th World Petroleum
Congress in Calgary, we will showcase to the
world how Canada is leading the way in clean
energy innova on and a great place to invest.”
“I am proud to see the Canadian government
inves ng to bring the 24th World Petroleum
Congress to Calgary” says George Chahal,
Member of Parliament for Calgary Skyview.
“Calgary is at the center of Canada’s shi
towards a clean energy economy. Hos ng this
event will provide the energy sector with a
chance to connect with a global audience and
showcase its leadership in developing clean
technologies. This will help Canada achieve its
net-zero greenhouse gas emissions goals by
2050.”
“We greatly value the significant support and
encouragement we have received from our
diverse group of corporate sponsors across the
energy sector and suppor ng fields as well as
from our government partners represen ng all
three levels of government,” says Richard
Jyo Gondek, Mayor of Calgary, Canada
Masson, Chairman, WPC Canada. “The coming
Congress is the pla orm to discuss pressing
issues facing industry and society, and with the
support of our sponsors and government
partners, we are confident that the Congress
will generate innova ve and insigh ul
solu ons as we seek to transi on to net zero.”
Strategic & Technical Programme Update
The recently completed global call for
technical papers received nearly 1,300
abstracts for 17 forums from over 50 countries,
demonstra ng the strong interest in the
Congress theme and ensuring the Congress
will deliver a high-quality technical
programme focused on innova on to meet the
world’s collec ve energy challenges.
The majority of the speakers for the strategic
programme have been invited by the WPC
Secretariat and a core interna onal team of
content advisors and feature some of the
world’s most renowned energy experts. The
full list of speakers par cipa ng in the strategic
programme will be announced in the coming
weeks.
“We will have an outstanding group of
industry, government, and thought leaders
par cipa ng in the Strategic Programme,” said
Dr. Pierce Riemer, Director General of the
WPC. “The 24th triennial WPC Congress comes
at a pivotal me as society seeks to address
climate change, energy security and
affordability and energy poverty. I believe the
Calgary Congress will be the most impac ul in
the history of our organiza on.” He noted that
the WPC recently approved the crea on of a
new name, logo, and brand iden ty as part of
the implementa on of its strategic plan. He
added that this project was progressing well,
and that the new WPC brand would be
launched in early 2023.
30

Fraunhofer Ins tutes researchers
are developing a two-step process
f o r e x t r a c n g h i g h - p u r i t y
hydrogen from biogenic residues such as
sewage sludge, according to report
published in Fraunhofer magazine. How
can we produce pure, climate-neutral
hydrogen for opera ng fuel cells without
relying on solar or wind energy?
According to researchers from the
Fraunhofer Ins tutes for Surface
Engineering and Thin Films IST and for
Environmental, Safety and Energy Technology
UMSICHT, the answer is bio-waste.
In the first step, the researchers use a thermochemical
conversion process to generate a
hydrogen-rich synthesis gas from the organic
waste material.
Then, in the second step, they plan to isolate
the high-purity hydrogen using membranes
with metallic coa ngs.
INDUSTRY NEWS
Fraunhofer Researchers Develop New Method to
Extract Hydrogen from Waste
Decentralized produc on of high-purity
hydrogen is a key component of Germany’s
Na onal Hydrogen Strategy, which aims to
reposi on the country as a climate-friendly
industry hot spot.
This innova ve process could trigger a significant
increase in the amount of green hydrogen
produced in Germany while simultaneously
reducing the risk of dependencies and protec ng
security of supply.
Equinor Discovers Oil, Gas Near the Troll eld in North Sea
Equinor has again struck oil and gas
near the Troll field in the North
Sea. This is Equinor's eighth
discovery in the area since 2019. The
volumes are es mated at between 24 and
84 million barrels of oil equivalent, with
slightly more oil than gas. Named
Heisenberg, the discovery well was
drilled by the Deepsea Stavanger drilling
rig. Equinor is the operator, and DNO is a
partner.
The discovery is considered commercially
interes ng, partly because it can u lise
exis ng infrastructure connected to the
Troll B pla orm.
However, an appraisal well is needed to get a
more precise es mate of the size before it can
be concluded whether the volumes can be
recovered. The par es are considering drilling
the appraisal well in 2024.
"Our Troll explora on play keeps delivering.
With discoveries in eight out of nine
explora on wells, we are approaching a
success rate of 90%. We plan to further explore
t h e a re a , w h i l e l o o k i n g at p o s s i b l e
development solu ons for the discoveries that
h a v e b e e n m a d e . We h a v e a g o o d
infrastructure in the area and can quickly bring
compe ve barrels from here to the market at
low cost and with low CO2 emissions," says Geir
Sørtveit, Equinor’s senior vice president for
explora on and produc on west.
Five of the eight discoveries have been made in
licences awarded through APA rounds. It is just
over a month since Equinor together with
partners made the Røver South discovery in the
same area. Through acquisi ons two weeks ago,
Equinor increased its ownership interests in four
of the discoveries made in the area.
The seven previous discoveries are: Echino South,
Swisher, Røver North, Blasto, Toppand, Kveikje
and Røver South.
bp pulse and APCOA to build EV charging networks across Europe
bp pulse, one of the leading rapid
and ultra-fast public EV charging
networks in the UK and APCOA
Parking Group, the UK’s leading provider
of tailored parking solu ons with an
established presence in Europe, have
signed a strategic pan-European frame
agreement to open more than 100 EV fast
charging hubs across Europe.
Under the agreement, bp pulse plans to
install ultra-fast charging at APCOA car
parks – ‘Urban Hubs’ – in Germany,
Austria, Belgium, Luxembourg, The
Netherlands, Poland and the UK over the
next three years to help expand its
charging network in city centres and
further accelerate urban e-mobility
infrastructure throughout Europe.
The project is part of APCOA’s plans to
transform its car parks into Urban Hubs,
which will provide physical and digital
infrastructure for mobility, logis cs, e-charging
and technology based services.
The two companies aim to work together to
provide a convenient customer journey
through digital integra on of the bp pulse and
‘APCOA Connect’ app in the UK and ‘APCOA
Flow’ app in Europe. Registered users will be
able to locate, access, book and pay for their
charging and parking at the car park from their
mobile, and the car park’s entry and exit
barriers will open automa cally as the vehicle
approaches.
“By working with APCOA, we’re bringing the
future of parking, charging and services for
urban life in one place,” says Stefan von
Dobschuetz, general manager Europe, bp
pulse
Stefan von Dobschuetz, general manager
Europe, bp pulse, said: “This agreement will
help us to build our EV charging network across
Europe by offering customers the fastest and
most convenient EV hub charging experience. By
working with APCOA, we’re bringing the future of
parking, charging and services for urban life in
one place.”
Philippe Op de Beeck, CEO, APCOA, said:
“Working with bp pulse is another step to achieve
our plan to deploy 1,000 fast-charging sta ons
through commercial partners in APCOA’s car
parks. Doing so, we are providing customers
added services in our loca ons and make a
relevant contribu on to the transforma on of
individual mobility.”
Two Urban Hubs in Berlin and Bremen in
Germany are expected to open in the third
quarter of 2023. These will be the first loca ons
to offer ultra-fast charging which can charge a
minimum of six cars, 24 hours a day, 7 days a week
and will be operated by Aral pulse, bp’s German
brand. bp pulse and APCOA’s Urban Hubs will
also offer one solu on in well-lit city-centre
parking where available land is o en scarce.
32
THE ENERGY REPUBLIC I SPECIAL EDITION

INDUSTRY NEWS
Acquires
The Largest
Polish Biogas
Producer
TotalEnergies is developing its
renewable ac vi es in Poland by
acquiring the country’s main
biogas producer, Polska Grupa Biogazowa
(PGB), and a 200-megawa (MW)
development pipeline of solar projects.
Poland, Europe’s Fourth-Largest Biogas
Poten al
With 130 employees in nine Polish
regions, PGB is mainly involved in
genera ng renewable heat and power
from biogas sourced from organic waste.
It owns and operates 17 facili es in
produc on and one under construc on,
for a total power genera on capacity of
166 GWh per year1. PGB's por olio also
includes a development pipeline of 23
projects.
T h e a c q u i s i o n o f P G B r a i s e s
TotalEnergies’ biogas produc on capacity
to 1.1 TWh and gives the Company a
leading posi on in the promising Polish
market, which represents Europe’s
fourth-largest poten al for biogas and
biomethane produc on, es mated at
close 100 terawa -hours (TWh).
Poland, a Dynamic Solar Market
TotalEnergies is also entering the Polish solar
market with the acquisi on of six solar projects
under development represen ng a produc on
capacity of 200 MW. Located in northern and
western Poland, the first solar farms are
expected to come on stream by 2025.
“These agreements illustrate TotalEnergies'
commitment to developing its renewable
ac vi es in Poland, and in Europe as a whole,
to support the European Green Deal,” said
Stéphane Michel, President Gas, Renewables
& Power at TotalEnergies. “On the one hand,
we are gaining a solid foothold in Poland's
biogas market thanks to an exis ng company’s
proven track record, experienced teams, and
broad asset base. On the other hand, we are
developing our presence in renewable
energies with a por olio of solar projects. With
these two transac ons, we are pleased to be
able support Poland in its ambi on to develop
renewable energies and strengthen its energy
sovereignty. We hope we will also have the
opportunity to provide Poland with our
exper se in offshore wind, an area in which we
have formed a partnership with KGHM."
It’s es mated that by 2050 Poland could have a
combined biogas and biomethane produc on
capacity of 100 Twh!
With the acquisi on of Polska Grupa Biogazowa,
the leading Polish biogas producer, TotalEnergies
is moving up to its objec ve to develop
renewable gas in Europe, while contribu ng to
Poland’s energy transi on and local energy
produc on.
TotalEnergies is one of the segment leaders in
Europe, with now 1,1 TWh of biogas produc on
capacity, and aims to become a major player
interna onally by partnering with market leaders
such as Clean Energy in the United States. The
Company is ac ve across the en re value chain,
from project development to marke ng of this
renewable gas and its by-products (biofer lizers,
bioCO2). It aims to produce at least 20 TWh per
year by 2030, which represents the average
annual gas consump on of four million French
consumers, and a reduc on in CO2 emissions of
around four million tons.
As part of its ambi on to get to net zero by 2050,
TotalEnergies is building a por olio of ac vi es in
electricity and renewables. At the end of 2022,
TotalEnergies' gross renewable electricity
genera on installed capacity stood at almost 17
GW. TotalEnergies will con nue to expand this
business to reach 35 GW of gross produc on
capacity from renewable sources and storage by
2025, and then 100 GW by 2030, with the
objec ve of being among the world's top 5
producers of electricity from wind and solar
energy.
33
THE ENERGY REPUBLIC I SPECIAL EDITION

INDUSTRY NEWS
QatarEnergy and CPChem Celebrate the Ground
Breaking for the Golden Triangle Polymers Plant in Texas
QatarEnergy and Chevron Phillips Chemical Company (CPChem)
marked the ground breaking of the Golden Triangle Polymers
Plant in Orange County, in the U.S. State of Texas, marking the
beginning of construc on of the $8.5 billion world-scale
petrochemical facility.
The landmark event was a ended by Senior QatarEnergy Execu ves
as well as Mr. Bruce Chinn, the President and CEO of Chevron Phillips
Chemical, Mr. Mark Lashier, the President and CEO of Phillips 66, in
addi on to a number of local elected and appointed officials.
Delivering remarks on behalf of His Excellency Mr. Saad Sherida Al-
Kaabi, the Minister of State for Energy Affairs, the President and CEO
of QatarEnergy, Mr. Ahmad Saeed Al-Amoodi, QatarEnergy’s
Execu ve Vice President, Surface Development & Sustainability said:
“For over two decades, we have worked hand in hand with Chevron
Phillips Chemical to sa sfy the growing demand for innova ve
petrochemical products, which not only cons tute a significant
por on of our daily lives, but also play a role in shaping how we live. In
this partnership, we are also working together to enable balanced
growth and to facilitate human development in a responsible and
sustainable manner.”
Highligh ng the local impact of the new facility, Mr. Al-Amoodi said:
“The Orange community is a direct beneficiary of this strategic
partnership. We are inves ng $8.5 billion to build this world-scale
facility, which is QatarEnergy’s second largest investment in the U.S.
a er the more than $11 billion investment in the Golden Pass LNG
produc on and export facility, which is currently under construc on
about 35 miles from here in Sabine Pass, Texas.
This plant will also be, by far, the most significant economic
investment in the Orange community in decades, crea ng jobs and
suppor ng economic growth.”
Mr. Al-Amoodi concluded his remarks by thanking the local
community, CPChem, the local and federal bodies and agencies, and
all the stakeholders in the city of Orange who have made this project a
reality, and to all the contractors who will build the projects.
Located about 180 kilometers east of Houston, the plant will include
an ethylene cracker unit with a capacity of 2.08 million tons per
annum, making it the largest in the world, and two high-density
polyethylene units with a combined capacity of 2 million tons per
annum, also making them the largest deriva ves units of their kind in
the world. The plant is expected to startup in 2026 and will be owned
by Golden Triangle Polymers Company LLC, a joint venture in which
QatarEnergy holds a 49% equity interest with 51% held by CPChem.
QatarEnergy is an integrated energy company commi ed to the
sustainable development of cleaner energy resources as part of the
energy transi on in the State of Qatar and beyond. We are the world
leader in Liquefied Natural Gas (LNG) – a cleaner, more flexible, and
reliable source of energy, and an integral partner in the global energy
transi on. Our ac vi es cover the en re spectrum of the oil and gas
value chain and include the explora on, produc on, processing,
refining, marke ng, trading, and sales of energy products and
commodi es.
34
THE ENERGY REPUBLIC I SPECIAL EDITION

QatarEnergy is an integrated energy company committed to the sustainable development of cleaner
energy resources as part of the energy transition in the State of Qatar and beyond.
We are the world leader in Liquefied Natural Gas (LNG) – a cleaner, more
flexible, and reliable source of energy, and an integral partner in the global
energy transition. Our activities cover the entire spectrum of the oil and gas
value chain and include the exploration, production, processing, refining,
marketing, trading, and sales of energy products and commodities.
As “Your Energy Transition Partner”, QatarEnergy is committed to building a
better and brighter future by helping meet today’s energy needs, while
safeguarding our environment and natural resources for generations to come,
bound by the highest standards of sustainable human, socio-economic, and
environmental development.

INDUSTRY NEWS
Solargis opens Singapore ofce
targeting APAC’s complex,
growing solar market
Solargis, the energy industry’s
trusted source of solar data,
so ware and exper se, has
opened a new office in Singapore, which
will be led by newly appointed CEO of
Solargis APAC, Michal Strba.
The Singapore office will target new
opportuni es and support the company’s
growing customer base in APAC, which is
spread across one of the world’s most
complex environments for solar PV power
genera on – due to its variable terrain,
topography, and do ed geography of its
island na on states.
Solargis’ recent 2022 Global Solar
Performance study highlighted the levels
of solar resource variability experienced
in the region over the past 12 months. As
the APAC solar market grows, this is a
factor driving demand for reliable tools to
u n d e rsta n d c l i m a t e i m p a c t s o n
investment prospects and opera onal
por olios.
Of the APAC markets, China, Japan, and
Australia represent three important
commercial targets. Surging demand
from China has driven a significant
propor on of Solargis’ growth in the last
two years, while Australia and Japan
present new opportuni es for the
company to support local solar investors
and operators.
Solargis’ growing market share in China has
been supported by solar PV power producers’
and investors’ demand for its trusted PV data
and so ware services, which is something that
Michal Strba and his team hope to build upon
through an enhanced local presence within the
same me zone.
Solargis’ new branch will also ensure the
company is on hand to support the needs of its
new and exis ng clients in Japan. The country’s
complex island geography means that solar
project investors now require Solargis’ trusted
granular data to be er understand solar
irradiance variability, and the financial
uncertainty that comes with it.
Like Japan, Australia is a fast-growing solar
market. The country has become an important
player on global PV stage, and Solargis’ local
presence will support the delivery of its
services to local solar investors and operators –
as they take advantage of the market’s
development and maturity.
Strba’s knowledge of APAC’s nuanced and
diverse business environment, as well as his
exis ng network in China, have been honed
over two decades of experience in the region,
having previously held the posi on of
Commercial Diplomat for Consulate General of
the Slovak Republic in Shanghai.
Michal Strba, CEO, Solargis APAC, said: “APAC is a
significant, yet complex market for development
and opera on of solar por olios. Solar investors
face numerous market-specific resource risks
that significantly impact investment and
opera onal decisions.
By bringing our interna onal exper se, granular
solar data and so ware services closer to our
APAC clients, we aim to help investors in the
region increase their confidence as they drive
forward the energy transi on.”
Marcel Suri, CEO, Solargis, said: “Our new
Singapore office strengthens our posi on as a
globally trusted reference point for solar data,
so ware and exper se.”
Michal Strba has proven himself me and me
again in Asia. His exper se on China, its language
and business culture, make him well-placed to
lead our APAC opera on. We look forward to
strengthening our exis ng rela onships and
forming new partnerships with investors seeking
to de-risk their solar investments.”
Solargis’ APAC team will be exhibi ng its
exper se in Tokyo at PV EXPO Japan on the 15-
17th of March 2023 at booth 17-36.
36
OIL AND GAS REPUBLIC I SPECIAL EDITION

Equinor Releases
2022 Financial
Report, Reiterate
Commitment To
Invest In Oil, Gas
E&P in 2023
Anders Opedal, president and CEO of Equinor Photo: Ole Jørgen Bratland
29 per mmbtu and realised liquids prices
where USD 80.4 per bbl in the fourth quarter.
Although prices are compara vely higher than
the corresponding quarter in 2021, European
gas price weakened through the fourth
quarter of 2022.
Equinor has made a posi ve
earnings of USD 15.1 billion and
USD 5.80 billion a er tax in the
fourth quarter of 2022. Net opera ng
income was USD 16.6 billion and net
income was USD 7.90 billion. The
company's 2022 fourth quarter and full
year financial report were characterised
by: Solid opera onal performance,
contribu ng to energy security; Strong
adjusted earnings; High value crea on
from marke ng and trading; Strong cash
flow, further strengthening of balance
sheet; Cost focus and capital discipline to
address infla on; Proposed 50% increase
in ordinary cash dividend to USD 0.30 per
share; Expected capital distribu on in
2023 of USD 17 billion.
Anders Opedal, president and CEO of
Equinor ASA commented: “Equinor is
uniquely posi oned to provide energy
and contribute to decarbonisa on, while
delivering strong returns. Strong earnings
and cash flow will enable con nued
compe ve capital distribu on and
investments in high-value, resilient
projects within oil and gas, renewables,
and low carbon solu ons.”
“In 2022, we responded to the energy
crisis and contributed to energy security.
With strong opera onal performance, we
delivered record results and cash flow
from opera ons. We stepped up capital
distribu on to shareholders, while
con nuing to invest in a balanced energy
transi on and contribu ng to society
with high tax payments.
On the back of strong earnings, outlook, and
balance sheet, we step up capital distribu on to
expected 17 billion dollars in 2023.”
“Our ambi on is to be a leading company in the
energy transi on.”
Strong opera onal performance with new
fields on stream
Equinor delivered a total equity produc on of
2,046 mboe per day for the fourth quarter, down
from 2,158 mboe per day in the same quarter of
2021, impacted by turnarounds in the US
offshore, the exit from Russian assets and
deferral of gas produc on from the Norwegian
con nental shelf (NCS) to periods with higher
demand.
During the quarter, Equinor brought on stream
the Peregrino phase 2 project in Brazil and
Askeladd, Johan Sverdrup Phase 2 and Njord
Future on the NCS.
The floa ng offshore windfarm Hywind Tampen
on the NCS generated its first power in the
fourth quarter and will be completed in 2023.
Produc on from renewable energy sources was
517 GWh in the quarter, down 2% from the same
quarter in 2021. Including gas-to-power, total
power produc on for the quarter ended at
1,332 Gwh.
Equinor completed five explora on wells
offshore with one commercial discovery in the
quarter and four wells were ongoing at the
quarter end.
Strong financial results
Equinor realised a European gas price of USD
Equinor delivered strong sales and trading
results, par cularly from gas and power,
selling to the markets with the highest
demand. However, the Marke ng, Midstream
& Processing segment results were nega ve
due to the ming impact of deriva ve
contracts. In the Explora on & Produc on USA
segment deferred tax asset has been
recognised at USD 2.7 billion, with a
corresponding decrease in income taxes of
USD 2.8 billion resul ng in a low reported
effec ve tax rate this quarter compared to last
year.
Cash flow provided by opera ng ac vi es
before taxes and changes in working capital
amounted to USD 21.0 billion for the fourth
quarter, compared to USD 18.0 billion for the
same period in 2021. Organic capital
expenditure* was USD 2.36 billion for the
quarter.
Delivering on always safe, high value, low
carbon through 2022
For 2022 the adjusted earnings were USD 74.9
billion, up from USD 33.5 billion last year.
Adjusted earnings a er tax were USD 22.7
billion, up from USD 10.0 billion in 2021.
Equinor reports a net opera ng income for
2022 of USD 78.8 billion, and a net income of
USD 28.7 billion. Strong earnings and firm
capital discipline resulted in a free cash flow*
of USD 23.4 billion a er capital distribu on
and a return on average capital employed* of
55% for 2022. In 2022 Equinor paid USD 42.8
billion in tax related to opera ons on NCS.
37

INDUSTRY NEWS
In 2022, seven new fields were brought
on stream, adding a total capacity of
around 200 mboe per day when fully
ramped up. Equinor is progressing on a
highly compe ve project por olio and
13 plans for development and opera ons
were submi ed in 2022.
The opera onal and administra ve costs
increased through 2022 due to higher
electricity prices, CO2-costs, infla onary
pressure, and higher field cost, par ally
offset by significant currency effects
when presen ng in the US dollar and
mi ga ng ac ons.
As a result of long-term improvement
efforts and cost control, Equinor has
already realised the ambi on set for 2025
to achieve improvements with a cash flow
effect of USD 4 billion.
Equinor progressed several projects to
reduce emissions from produc on, and
the average CO2-emission from the
operated upstream produc on, on a
100% basis, was 6.9 kg per boe for 2022.
The twelve-month average serious
incident frequency (SIF) for 2022 was 0.4,
stable from the previous year.
Step-up in capital distribu on
The board of directors proposes to the
annual general mee ng an ordinary cash
dividend of USD 0.30 per share for the
fourth quarter of 2022, up from USD 0.20
per share for the third quarter of 2022.
The board has decided to con nue the
share buy-back programme of USD 1.2
billion per year, introduced in 2021 as an
integrated part of capital distribu on.
In addi on, the board proposes an
extraordinary cash dividend of USD 0.60
per share for the fourth quarter of 2022
based on strong earnings and the robust
financial posi on. The board has also
decided to increase the USD 1.2 billion
share buy-back programme with up to
USD 4.8 billion, resul ng in a programme
up to USD 6.0 billion in 2023.
The interim cash dividends for the first,
second and third quarters of 2023 and
further tranches of the share buy-back
programme will be decided by the board
of directors on a quarterly basis in line
with the dividend policy, and subject to
exis ng and renewed authorisa ons
from the AGM, including agreement with
the Norwegian state regarding share buybacks.
38
The share buy-back programme is expected to
be executed when Brent oil prices are in or
above the range of 50-60 USD/bbl and
Equinor’s net debt ra o* stays within the
communicated ambi on of 15-30 %, and this is
supported by commodity prices. Total capital
distribu on for 2023, including share buyback,
is expected at USD 17 billion.
The fourth tranche of the share buy-back
programme for 2022 was completed 17
January 2023 with a total value of USD 1.83
billion. For 2022 total share buy-back amounts
to USD 6 billion.
The first tranche of the 2023 share buy-back
programme of USD 1 billion will commence on
9 February and end no later than 24 March
2023.
All share buyback amounts include shares to
be redeemed by the Norwegian State.
Capital markets update: Strong returns
through the transi on
Equinor is well posi oned for high value
crea on, providing energy security and
contribu ng to decarbonisa on. With a strong
cash flow suppor ng a compe ve capital
distribu on, and con nued investments in a
robust high-value por olio, the company can
deliver strong returns through the energy
transi on. Equinor is developing as a broad
energy company, offering energy security and
decarbonisa on opportuni es.
Key ambi ons are to deliver:
3Strong cash flow and returns, with an
expected average annual cash flow from
opera ons a er tax of around USD 20 billion
and return on average capital employed*
(ROACE) of above 15% towards 20301.
3a 50% reduc on of net group-wide
greenhouse gas emissions by 2030.
Based on an increasingly flexible asset
por olio, and con nued vola lity in the
markets, the adjusted earnings guidance for
the MMP segment is increased from USD 250-
500 to 400-800 million per quarter.
Strong cash flow with longevity within oil and
gas
Equinor will con nue to invest and op mise its
compe ve oil and gas project por olio to
maintain a long-term reliable energy supply
with low emissions from produc on. The
por olio of oil and gas projects coming on
stream within 10 years has an average breakeven
price of around USD 35 per barrel, an
internal rate of return of around 30%, an
average pay-back me of about 2.5 years and
an upstream CO2-intensity of below 6 kg per boe.
Together with the producing assets, this is
expected to generate a strong cashflow with
longevity. Equinor will con nue to develop NCS
as home ground and op mise in other core areas
interna onally.
Profitable and disciplined growth in renewables
With the first power from the world’s largest
floa ng wind farm Hywind Tampen in 2022 and
the world’s largest offshore wind farm, Dogger
Bank in the UK, to start produc on in 2023,
Equinor is demonstra ng leadership within
offshore wind. The por olio of projects within
renewables and acreage is progressing well
towards the ambi on of 12-16 GW of installed
capacity accessed by 2030. The strategy remains
focused on profitable growth, demonstra ng
discipline and capturing value through market
cycles. Equinor expects project base returns of 4-
8 %.
Solid progress within low carbon solu ons
In 2022, Equinor was awarded the Smeaheia CO2
licence on the NCS and had in total accessed
storage capacity of 30 million tonnes CO2 per
year with current equity. Equinor is well
posi oned as the CO2 transport and storage
market develops, and policies for low carbon
projects progresses. Several projects with
industrial partners are in matura on, and
Equinor is progressing on its ambi ons to offer
decarbonisa on to industrial customers. The
combined por olio of projects for CO2 storage,
hydrogen, energy storage and natural gas,
provides flexibility and op onality, as well as a
broad energy offering to industrial customers.
Updated outlook:
3Equinor expects organic capex* of USD 10-11
billion in 2023, and an annual average of around
USD 13 billion for 2024-20262.
3In 2023 Equinor expects a produc on growth
of around 3% in oil and gas, compared to 2022.

TROLL A PLATFORM PHOTO STORIES
Photo Credit: Equinor
Energy security & safeguarding cri cal infrastructure was at the top
of the agenda when European Commission president Ursula von der
Leyen, prime minister Jonas Gahr Støre and NATO secretary general
Jens Stoltenberg visited the Troll A pla orm in the North Sea together
with Equinor CEO Anders Opedal.
Troll gas accounted for over 10% of the gas used
in Europe in 2022.

INDUSTRY NEWS
Wael Sawan, Shell’s Chief
Execu ve Officer.
Shell Makes Positive Progress In Net-Zero Emissions,
Achieves Its 2022 Climate Targets On Energy Transition
Shell plc has published its Energy Transi on Progress Report
2022, which shows it has again met its climate targets as
part of its energy transi on strategy. The report will be put
to shareholders for an advisory vote at Shell’s Annual General
Mee ng on May 23, 2023.
“In this report, we show the progress we have made towards
becoming a net-zero emissions energy business by 2050, as we
con nue to supply the vital energy the world needs during a me
of great vola lity," said Wael Sawan, Shell's Chief Execu ve
Officer. "I am especially proud of the progress we have made in
reducing carbon emissions from our opera ons, with a 30%
reduc on by the end of 2022 compared with 2016 on a net
basis."
By the end of 2022, the net carbon intensity of the energy
products sold by Shell had also fallen by 3.8%, compared with
2016. Our analysis, using data from the Interna onal Energy
Agency, shows the net carbon intensity of the global energy
system fell by around 2% over that me.
The report highlights important steps that Shell has taken to
advance its energy transi on strategy. These include significant
investments in liquefied natural gas (LNG), which Shell expects to
remain an important part of the energy mix for many years to
come, partly because of its role in reducing emissions from
power genera on and transport.
Other steps include Shell's $1.6 billion investment in Indian
renewable power developer Sprng Energy, and
the final investment decision on the Holland Hydrogen 1 project
in the Netherlands, which will be Europe’s largest renewable
hydrogen plant.
In 2022, Shell also announced the acquisi on of Denmark's
Nature Energy, which produces renewable natural gas, for
around $2 billion. This deal was completed at the beginning of
2023.
Shell also increased the number of electric vehicle charge points
it owned or operated worldwide by 62% to around 139,000 in
2022, up from 86,000 the previous year.
Sir Andrew Mackenzie, Shell Chair, said: “We believe the progress
we have made in line with our energy transi on strategy has
been to the benefit of our customers, our shareholders and
wider society.”
This progress comes at a me when the energy system s ll faces
challenges as high energy prices con nue to contribute to a costof-living
crisis for many people. These challenges have
highlighted the need for a balanced energy transi on: one in
which the world achieves net-zero emissions, while s ll
providing a secure and affordable supply of energy.
Shell’s energy transi on strategy was put to an advisory
shareholder vote at its 2021 Annual General Mee ng, where it
secured 89% of the vote. At the 2022 AGM, almost 80% of
shareholders who voted supported our progress in
implemen ng this strategy.
40
THE ENERGY REPUBLIC I SPECIAL EDITION

About Teledyne Technologies
Teledyne products include
digital imaging sensors, cameras
and systems within the visible,
infrared and X-ray spectra,
monitoring and control
instrumenta on for marine and
environmental applica ons,
harsh environment interconnects,
electronic test and measurement
equipment, aircra informa on
management systems, and
defense electronics and satellite
communica on subsystems.
Teledyne Unveils Latest 'Spyglass SG50-F’' Series to
Detect Flames and Safeguarding People, Assets
Teledyne Gas and Flame Detec on
has unveiled its SpyglassTM Sg50-
F series of flame detectors to make
the safeguarding of people and assets
easier than ever before. With updated
op cs and algorithms, and on-board
video in either colour or near-infrared
op ons, the SG50-F series offers superior
performance and security.
For any facility to protect its most
valuable resources such as human lives
and capital assets, reliable flame
detec on systems are a necessity.
SpyglassTM SG50-F series open-path
flame detectors elevate the level of
reliability and func onality available in
comparison with exis ng flame detec on
products on the market.
Notably, these innova ve flame detectors
c o m e e q u i p p e d w i t h H D v i d e o
capabili es, allowing for the detec on of
fires that may not be visible to the naked
eye. Colour video is effec ve in detec ng
fuel fires like gasoline and jet fuel, while
the near-infrared video op on can detect
fires caused by other fuels such as
hydrogen and methanol.
The on-board video also enables remote
confirma on of fire situa ons and
provides valuable informa on on fire
progression and suppression methods.
Such informa on can prove vital in
responding to fire emergencies and enabling
users to make important safety decisions from a
remote loca on.
SpyglassTM series products from Teledyne Gas
and Flame Detec on feature a robust and
durable housing. Made from 316L stainless steel
to meet IP66/IP68 and NEMA 250 6P protec on
ra ng standards, the enclosure houses state-ofthe-art
op c technology and advanced so ware
algorithms, enabling rapid and reliable fire
detec on.
The range offers improved op cal flame
detec on capabili es, with a quicker detec on
me and be er performance even over
extended distances.
They can serve as a cost-effec ve alterna ve to
employing mul ple line of sight point gas
detectors, which would entail higher ini al costs
and maintenance expenses. Notably, these
detectors also offer industry-leading false alarm
immunity to several challenging environments
while performing in adverse climates.
Carrying a wide range of global approvals that
include ATEX, FMus, FMc, IECEx, EACX and SIL2,
all SpyglassTM flame detectors work by
analysing the absorp on of radia on caused by
gases in the atmosphere and comparing it to
background atmospheric absorp on. They
come with triple infrared (IR3) and UV-IR
op ons to suit a range of applica ons.
The IR3 version is specifically designed to
detect hydrocarbons, making it ideal for
applica ons such as refineries, oil and gas
pla orms, FPSO (floa ng produc on storage
and offloading) systems, petrochemical plants,
marine facili es, compressor sta ons and
turbine enclosures.
There is also an IR3-H2 op on for hydrogen
and energy transi on applica ons.
For those seeking a solu on for both
hydrocarbon and non-hydrocarbon fires, look
no further than the UV-IR op on, which is
perfect for ba ery rooms, as well as ammonia
and metal-based applica ons. There is even a
UV-IR-F op on offering suitability for
muni ons facili es.
Supplied with configura on and video display
so ware, the SpyglassTM SG50-F series offers
mul ple output op ons for easy detector
communica on, such as 4-20mA, Modbus,
HART and relays.
41

INDUSTRY NEWS
BAUR Manufactures Double Membrane Gas Holders
for Storage Tanks, Other Equipments for Biogas Industry
“Our heat protec on equipment vapourises the
barriers and it doesn't allow the gas to go on top
of the storage tank. It keeps the heat on the lower
level inside the tank.
"It has some foils in the side so that gas can go
through it and inside the gas holder, while the
condensate can drop into the tank.
"BAUR is the only company that has it. It serves as
addi onal security for higher opera ng
pressures.
"We are selling our products to over 40 countries
in the world but our main market is Europe."
BAUR, a German biogas equipment
manufacturer, is providing a
variety of solu ons for the biogas
industry. The company is specialized in
manufacturing double membrane gas
holders for biogas storage tanks and
other types of equipment for leak
detec on, emission protec on cover,
water storage tanks, ponds, foils, and
fleeces, rolling gates, sliding curtains,
ven la on equipment among others.
Speaking in an exclusive interview with
C o n s t r u c o n C r e w L i m i t e d a t
EnergyDecentral 2022 in Hannover,
which was monitored by The Energy Republic,
BAUR explained that the company offers
unique solu ons for the biogas industry, no ng
that it has launched a new heat protec on
product to store heat energy from the biogas
storage tank.
According to the company, "BAUR has
developed a new heat protec on equipment
to reduce the heat loss in storage tanks. This is
something new and very useful in the German
market especially when they are exchanging
old gas holders or if they are building hea ng
networks, it is important to save every kilowa
of heat energy.
Since 1991, BAUR has been supplying the biogas
industry with components and mee ng
customers' requirements in terms of products,
quality, service, and logis cs.
The company's manufacturing program includes
a wide range of modern foil materials. For
example, biogas storage is manufactured as
pillow or cylinder storage bags, tank, and lagoon
covers, as single or double membrane covers, as
well as covers for emission protec on.
The processing is carried out by BAUR's qualified
personnel with the most modern machine
technology at the company's loca on in
Wolfertschwenden in Germany.
PlanET Builds Biogas Plant Worldwide, Seeks Long-term
Partnership
P
lanET Biogas Group, a global
leader in biogas solu ons and
developer of biogas plants is
seeking partners worldwide for biogas
development. With over 25 years of
o p e r a o n a l e x c e l l e n c e , P l a n E T
specializes in the design, construc on,
and service of advanced biogas plants.
Carson Managing Director of PlanET said,
"Biogas produc on is easy because it
involves the processing of using
substrates or waste streams such as food
waste, industrial waste to be poured into
a digester for processing and it takes 50-
60 days or longer- me to process the
waste materials for biogas produc on
and it can be used to produce electricity,
hea ng source, biomethane which can be
42
“In the coming years, hydrogen will be coming
from the biogas sector. It will be the future in
the next 3 - 5 years but we need to close the
gap in terms of the technology that will be used
for the produc on."
Speaking about the company's capacity,
Carson said that PlanET also specializes in the
biogas engineering side, including the
c o n s t r u c o n o f g a s - t o - g r i d p l a n t s ,
commissioning biological service with add-ons
of CHP biomethane, Carbon dioxide,
liquefac on, CNG, and LNG.
"We have 25 years of opera onal excellence in
the market with more than six other plants
worldwide.
“PlantET started building the gas-to-grid plants
in 2012 and in France, we have six plants inside
of the grid and in the coming weeks we will get
ten new sta ons.
“In the UK, we build between 350 to 500 cubic
meters of biogas plants which is converted to
electricity between 601 megawa s.
"Everybody in the UK is more interested in
biomethane, carbon dioxide, and liquefac on to
use biomethane inside of the grid for hea ng
systems and to reduce the emissions for the UK
market.
"We are looking for partners where we can sign a
long-term partnership with them for biogas
development," he added.
PlanET is a global company with subsidiaries in
Canada, North America, Brazil, Germany, France,
Japan, and other parts of the world. The company
ranks among the leading biogas plant builders
and has designed, constructed, and serviced over
600 anaerobic diges on systems globally. The
company has a high success rate in the biogas
market which makes them strong and ac ve in
the biogas market.

INDUSTRY NEWS
World Hydrogen Week 2023 To Explore latest trends and
Opportunities for Ammonia, Methanol, LOHCs, Others
As of January 2023, it is expected
that hydrogen produc on capacity
can reach 4.5 million tons per
annum (mtpa) worldwide by the end of
the year, represen ng 165% growth
compared to 2022, says GlobalData, a
leading data and analy cs company.
Mirroring the hydrogen market’s growth,
this October, the 4th annual World
Hydrogen Congress returns to Ro erdam
a l o n g s i d e t h e W o r d H y d r o g e n
Intelligence Day and the inaugural World
Hydrogen Deriva ves conference for a
weeklong
programme of events. It’s your
opportunity to experience unrivalled
networking opportuni es, make las ng
connec ons with over 3,000 senior
hydrogen execu ves, and gain invaluable
insights from key experts, thought
leaders and innovators.
Across five days this programme will dive
d e e p i n t o t h e p r a c c a l i e s ,
implementa on and accelera on of the
hydrogen economy through three key
events:
9 - 10 October 2023: World Hydrogen
Deriva ves – Ammonia, Methanol, LOHC
- A focused event exploring the
emerging hydrogen deriva ves market
highligh ng changes in legisla on,
current market trends and
opportuni es for ammonia, methanol,
LOHCs and more.
• 11 - 12 October 2023: World Hydrogen
C o n g re s s – T h e w o r l d ’s l e a d i n g
commercially-focused deal-making
ConfEx
event accelera ng hydrogen projects up
to and beyond final investment decision
(FID).
• 13 October 2023: World Hydrogen
Intelligence Day – A pla orm to hone
skills and knowledge through prac cal
hydrogen workshops, masterclasses and
a conference summit dedicated to global
hydrogen project case studies.
D e l i v e r i n g p i o n e e r i n g c o n t e n t ,
i n t e ra c v e t ra i n i n g a n d u n i q u e
networking opportuni es, World
Hydrogen Week will unite 3000+ senior
hydrogen leaders to achieve 6 key
objec ves:
1. Reduce the levelised cost of hydrogen
2. Disseminate investment grade hydrogen
policy
3. Help the rapid scale up and industrialisa on
of the clean hydrogen industry
4. Bring new o akers into the use of clean
hydrogen
5. Spread hydrogen project best prac ce,
knowledge and seed vital innova on
6. Accelerate projects up to and beyond final
investment decisions (FDI)
Nadim Chaudhry, Chief Execu ve Officer of
World Hydrogen Leaders, commented “Here at
World Hydrogen Leaders,
we see daily the urgency, from a climate and
geopoli cal stand point, to transi on to a 100%
clean energy system.
We a re re a s s u re d w i t h t h e s cale o f
commitments shown to date, across the globe,
with advancing the role of clean
hydrogen and it’s deriva ve molecules as
solu ons for a variety of hard to abate sectors
and usage cases. However
there is much work yet to be done, many
problems and challenges to be overcome.
Catena-X Automo ve Network eV is the
world's first collabora ve and open data
ecosystem. Using standardiza on approaches,
interoperability and data room governance, it
connects global players in the automo ve
industry via data-based value chains.
The associa on was founded in 2021 and is
based in Berlin. The founders of the partner
network include BMW AG, Deutsche Telekom
AG, Mercedes Benz AG, BASF SE, Henkel AG,
Volkswagen AG, Robert Bosch GmbH, SAP SE,
Siemens AG and ZF Friedrichshafen AG. Other
companies have joined the ini a ve including
Stellan s, Ford, Valeo, Renault, Volvo,
Con nental, Magna, Denso and many others .
Clean hydrogen must rapidly scale and innovate.
We see innova on required in both technology
and engineering but
equally important, is innova on in the so er side,
in regula on, policy, business models and
financing. We believe that innova on comes
from thought leaders and calculated risk taking
industry leaders, financiers and
entrepreneurs. In short, innova ve people.
For this reason we have expanded the 4th Annual
World Hydrogen Congress programme to a full
week to encompass
both the highly popular ‘Intelligence Day’ with a
deep dive new congress programme, World
Hydrogen Deriva ves to
help educate, inform, fuel debates, spread best
prac ces and bring together innova ve people.
www.worldhydrogen-week.com
43
OIL AND GAS REPUBLIC I SPECIAL EDITION

Uniting the Worlds of
Hydrogen and Mobility
30 May - 1 June 2023,
Le Méridien Stuttgart, Germany
40
speakers
200
attendees
30
countries
16
Hours of
Content
REGISTER NOW
worldhydrogenmobility.com
World Hydrogen Leaders
#WHMobility #WHL
Organised by

NOG SPECIAL REPORT
NOG Energy Week: Powering Nigeria's
Sustainable Energy Future
The NOG Energy Week Conference & Exhibi on, previously
known as Nigeria Oil & Gas (NOG) Conference & Exhibi on, will
facilitate mul lateral dialogue, foster mul stakeholder
engagement and enable deal making within the energy industry this
coming 9-13 July 2023 in Abuja, Nigeria.
For over 20 years, NOG has been serving and unlocking new
opportuni es for the Nigerian energy, oil and gas industry. Since its
incep on in the year 2000, NOG has played a key role in shaping policies
in the Nigerian oil and gas industry. The yearly outcomes of the
conference have contributed posi vely to influencing policies in areas
such as marginal field bid rounds, local content, and gas prices.
“NOG Energy Week will foster a more robust and integrated
conversa on around Nigeria’s key role across the broad, global energy
agenda,” said Odiri Umusu, Sales Director, dmg Nigeria events. “With
the effects of geopoli cs, energy supply disrup on and rising demand
pushing up against ambi ous net zero agendas, we must recognize and
engage the full exis ng and emerging Nigerian energy ecosystem. By
expanding our scope across oil, gas, liquified natural gas (LNG),
renewables and power, we have an opportunity to bring together
decision makers across the energy industry as well as financiers and
investors for the conversa ons that will drive us toward sustainable and
just energy solu ons.”
In 2021, H.E President Muhammadu Buhari declared 2021-2030 as the
Decade of Gas in Nigeria. The Decade of Gas ini a ve of the
government is aimed at making the country a gas-powered economy by
2030. The key objec ves of the ini a ve include increasing access to
electricity, building a stronger economy, addressing poverty, and
reduc on in carbon emissions by deepening domes c u liza on of gas.
In August 2021, President Buhari signed the Petroleum Industry Bill
(PIB) 2021 into law. The PIB is now referred to as the Petroleum Industry
Act (PIA). The enactment of PIA is Nigeria’s boldest a empt at
revamping the fortune of the Nigerian Petroleum sector. The PIA either
repeals or amends at least ten different legisla ons applicable to the
Petroleum Industry. This legisla on is expected to bolster the
government’s revenue and create significant investment opportuni es
for local and interna onal investors.
Indeed, it is a me of momentous transforma on for Nigeria as it
navigates its energy evolu on pathway underpinned by the 'Petroleum
Industry Act' and ‘The Decade of Gas’ and looks toward a more just,
affordable and sustainable energy system. With this view, NOG Energy
Week has adapted its narra ve and enabled a much more robust and
integrated conversa on - exploring how Nigeria can truly galvanise its
universal energy mix.
45
THE ENERGY REPUBLIC I SPECIAL EDITION

NOG SPECIAL REPORT
Be A Part Of Nigeria's Evolving Energy Industry Opportunity
The conference is a cri cal facilitator of
dialogue around energy agendas on a
local level, par cularly as diesel and
petrol prices con nue to escalate across
Nigeria. Opera ng expenses are also
rising despite the con nuing unreliability
of power from the na onal grid and
businesses are passing increased costs
down to consumers. In addi on, the
Energy Progress Report 2022, published
by the Interna onal Energy Agency (IEA),
along with the United Na ons Sta s cs
Division, the Interna onal Renewable
Energy Agency (IRENA), the World Bank
and the World Health Organiza on
(WHO), es mates that nearly 92 million
Nigerians lack access to electricity from
the na onal grid.
In his keynote address at NOG Conference
2022, The Vice President of Nigeria, Prof.
Yemi Osinbajo noted: "The Federal
Government is aware of the challenges
confron ng the industry and has been
working to address them. We are not
unmindful of the peculiar challenges
confron ng the oil and gas operators in
Nigeria from infrastructural deficiencies
and insecurity to the high cost of
opera on, to men on just a few. The
government is working consciously to
tackle all without lagging on our path to
mee ng the global demand that our
signatory to interna onal protocols on
cleaner energy has placed on us.”
In addi on to its crude oil reserves,
Nigeria also has plen ful energy source
op ons in the form of natural gas, solar,
hydro, wind, biomass and geothermal.
“Oil will help Nigeria create wealth, while
there is an opportunity for the country to
operate in the gas space, and the focus of
the NNPC is to deepen gas mone za on
for both domes c and export. The
forecasts of the Organisa on of
Petroleum Expor ng Countries (OPEC)
and other key organiza ons in the oil
industry have shown that even by 2050,
there will s ll be a demand of about 100
million barrels.
Nigeria as an energy resource-dependent
country, the oil will remain relevant to the
country beyond 2050.
“With majority of Nigerians lacking access to
energy, NOG was a huge opportunity for both
local and foreigner investors to come into the
sector,” said Mele Kolo Kyari, Group Managing
Director – NNPC. “Our investments in the
Nigerian gas market are premised on the belief
that the market will grow given the domes c
need,” says Mele Kyari, GMD of the NNPC
Limited, while speaking at NOG 2022
conference in Abuja.
On the gas side, the country has the 9th largest
gas reserves in the world with about 209
trillion cubic feet (tcf) and upside poten al of
about 600tcf. In terms of gas produc on and
u liza on, Nigeria averages about 8.4bscfd.
While only 18 percent of the produc on is
consumed in the domes c market (Power,
Industries, and WAGP), 43 percent is exported
as LNG, 32 percent is re-injected for enhanced
oil recovery and other opera onal uses like
fuel gas while 7 percent of total gas produc on
is currently being flared.
The Federal Government has said that the
value of Nigeria’s proven gas reserves was over
$803.4 trillion, adding that the country had the
most extensive gas resource in Africa.
In an exclusive interview with the Managing
Director & Chief Execu ve Officer of ND
Western at NOG 2022 Conference, Mr.
Eberechukwu Oji, outlined some key
opportuni es in the Nigerian fron er basins.
According to him, “ There are lots of
opportuni es for growth in the E&P business.
If you look at the value chain of E&P business,
we have Seismic – where you have to go and
see if oil is in this place.
“One of the problems we have in Nigeria today
is that we aren’t exploring enough. We are
producing what we have already explored.
There are few companies I know today that are
shoo ng Seismic.
“If we want to grow in the industry, we have to
be shoo ng Seismic. There are huge
opportuni es there.
“If anybody is thinking of where to invest in the
Nigerian oil and gas industry, Seismic is an area
where there are investment opportuni es.
“Another opportunity is field development. We
have the big marginal field bid rounds that were
done last year. So many companies now have
access to these acreages. They need to be
developed and bring the fields to produc on.
There is drilling, field development, and subsurface
study that needs to be done for all these
companies.
“There are very huge opportuni es in the
marginal field space. We also expect that very
soon the country should be going out for another
round of bidding for OMLs on bigger acreages.
That’s also an opportunity area.
“In terms of exis ng infrastructure, there is a
huge opportunity such as asset integrity. Most
plants are inherited from the Interna onal Oil
Companies (IOCs) in the 70s and most of these
plants need an upgrade. This is a big opportunity
area for companies that can execute and finance
the work.
“There are opportuni es in the areas of trading,
bringing liquidity into the market.”
Indeed, there are huge opportuni es in the
Nigerian oil and gas value chain that haven’t been
fully explored.
The focus of NOG Energy Week 2023
To further explore opportuni es for Nigeria and
its role in the global energy landscape, NOG
Energy Week will bring together policy makers,
financers, investors and business leaders to
discuss strategies, prac cal solu ons and the
resources required to address supply challenges
while also progressing toward net zero
ambi ons.
NOG Energy Week will take place on 2 – 6 July
2023 and expects to host over 5000 a endees,
including delegates, 350+ exhibi ng companies,
85 industry expert speakers and 35 sessions
across two conference streams.
A end NOG Energy Week 2023 to network with
industry stakeholders, policy makers, energy
leaders, industry professionals and financiers
from around the globe across the en re oil, gas,
LNG, renewables, power and the energy
spectrum and discuss the industry’s most
immediate challenges and ambi ons to achieve
energy security for the na on, while naviga ng
the journey towards a secure, sustainable and
just energy transi on for Nigeria.
46
THE ENERGY REPUBLIC I SPECIAL EDITION

NOG ENERGY WEEK PHOTO STORIES

9 - 13 July 2023

SAIPEC 2023 STORIES
PETAN’S SAIPEC 2023: ‘Harnessing A Sustainable African
Energy Industry Through Partnerships’
Hosted by the Petroleum Technology Associa on of Nigeria (PETAN), the
7th edi on of the Sub-Saharan Africa Interna onal Petroleum
Exhibi on and Conference (SAIPEC) held from 14-16 February 2023 at
Eko Hotel Conven on Centre, Lagos, stands as the only energy, oil, and gas
event held in partnership with the en re Sub-Saharan African petroleum
industry.
SAIPEC con nues to place its emphasis on the future of the oil and gas industry
in Sub-Saharan Africa with collabora on at the forefront of its objec ve and
deepening local content development across Africa. The event a racts
hundreds of NOCs, IOCs, EPC contractors, service companies, technology
providers, and the en re oil and gas value chain to engage in progressive
discussions, unveil business opportuni es, and cross-border collabora on.
The oil and gas poten als in Sub-Saharan Africa if properly harnessed will
transform the con nent. The challenge has been an enabling environment,
and incen ves to a ract private sector investment across the value chain
which will trigger a massive economic revolu on, human capital, and local
content development across Africa.
Speaking in an exclusive interview with The Energy Republic at the sideline of
SAIPEC 2023, PETAN Chairman, Nicolas Odinuwe said that Sub-Saharan Africa
has about 62.6 billion barrels of proven crude reserves with an es mated
221.6 trillion cubic feet of natural gas reserves, which has posi oned the
region to be the last energy fron er
and global hub.
He noted, "Africa is not where it is supposed to be in terms of infrastructural
development, but, the challenges are not insurmountable as African
governments are making and a rac ng investments on needed
infrastructures".
Speaking further, he said, PETAN is establishing its presence across borders by
signing MoUs with some African countries, including governments agencies
and local content associa ons to make a posi ve impact in helping these
African countries to develop and promote all process and value chain ac vi es
that will aid the op miza on of Africa's energy poten als.
By Ndubuisi Micheal Obineme
As part of its partnership ini a ves, PETAN has signed an
MOU with Guyana Oil and Gas Energy Chamber (GOGEC);
Mozambican Local Content Associa on (ACLM);
Associa on of Tanzania Oil & Gas Service Providers
(ATOGS); and The Welding Federa on Africa (TWF). TWF is
Africa's frontline organiza on of professionals established
to grow African na onal content in welding technology,
which is vital in improving compe ve skills for Africa's
sustainability in the area of material manufacturing.
"PETAN has come a long way since its forma on over 32
years ago. On both individual and group levels, we have
formed partnerships with different stakeholders, groups,
and even governments, some, under Public Private
Partnership arrangements within the country and beyond
its borders. African local content collabora ve framework
will come into play as a guide for the envisaged
partnerships and collabora ons. Our members are
involved in most oil and gas projects in and outside the
country.
"Our members are leading the local content drive through
linkage industries for sustainability and inclusiveness that
are a growth driver. Our members have and are diversifying
into other sectors such as Healthcare, Agriculture,
Informa on and Communica on, Manufacturing, and
Hospitality amongst others.
"Our collabora ons with the Nigerian Content
Development and Monitoring Board (NCDMB), and MOUs
signed with other African players are part of our African
content framework which serves as a guide for most
developing and emerging economies in Sub-Saharan
Africa.
49
OIL AND GAS REPUBLIC I SPECIAL EDITION

SAIPEC 2023 STORIES
"The terms of the signed MoUs
men oned, focus strongly on
knowledge-sharing and capacitybuilding,
which aims to build,
integrate and deploy skills to address
the technical challenges faced across
Africa's Oil and Gas Industry through
training, research, and domes ca on
of technology in the sub-region.
"We have been able to spread our
tentacles throughout Sub-Sahara
Africa, having realized that we need
to galvanize the same success story
we have recorded in deepening local
content na onally to a regional scale.
For so long, service providers have
operated on their own and met with
s o m a n y c h a l l e n g e s i n t h e i r
opera ons, especially when the
scene was predominantly occupied
by Interna onal Oil Companies
(IOCs).
"We will con nue to cover more
grounds, even though I must say here
that it is not intended to be a race. We
are rather mindful of making a
meaningful and las ng impact in
helping our neighbors get it right in
developing and implemen ng their
respec ve Local Content Policies,
using Nigeria's successful roadmap,
executed by the NCDMB, as a case
study," PETAN Chairman explained.
Speaking on SAIPEC's emergence as
the only energy, oil, and gas event
held in partnership with the en re
Sub-Saharan African petroleum
industry, Odinuwe stated that PETAN
created SAIPEC as an impac ul and
informa ve pla orm for the Sub-
Saharan African oil and gas industry
with a strong focus on crea ng
awareness for collabora on within
the African market.
However, he stressed that part of the
ways to harness and sustain the sub-
Sahara energy market is to con nue
reaching out to other African
c o u n t r i e s a n d g o v e r n m e n t
parastatals, including associa ons for
partnerships and support.
Odinuwe who emphasized the need
for collabora on in his opening
remark at the 7th edi on of the Sub-
S a h a ra n A f r i c a I n t e r n a o n a l
Petroleum Exhibi on and Conference
(SAIPEC) 2023 held in Lagos recently,
PETAN Chairman, Nicolas Odinuwe
said that SAIPEC is a pla orm needed for the
actualiza on of regional collabora on.
Commen ng on the theme for this year's SAIPEC
2023, tled: 'Harnessing A Sustainable African
Energy Industry Through Partnerships', Odinuwe
added that: "SAIPEC is one of the premier annual
energy conferences within the sub-Sahara Africa,
bringing together hundreds of local and
interna onal companies including technology
providers and regulators to inform on domes c
and interna onal energy sector developments,
business transac ons and cross border
collabora ons. Energy is core to the economies of
the 55 member states that cons tute Africa.
"The theme for this 7th edi on has been
deliberately chosen and is relevant as the global
energy market is at a cri cal point and for
hydrocarbon-rich countries in sub-Sahara Africa
to drive home that need for AFCTA / African local
content framework full implementa on -
considering the threat of funding squeeze by non-
African donor agencies and the move to confine
our hydrocarbon to a museum. Remember, our
efforts to achieve energy security and energy
affordability, will con nually be undermined if we
do nothing.
"As we look to the future, we face significant
challenges in the ways energy is produced and
consumed, including the effects of geopoli cal
instability, poverty and energy poverty, economic
uncertain es, and the climate songs.
"As private sector & Service companies, we must
con nually commit to finding collabora ve
innova ve solu ons and work with our
stakeholders and partners to ensure sustainable
and secure energy solu ons & supply".
Interes ngly, the advent of the African
Con nental Free Trade Agreement (AfCFTA) has
created the world’s largest free trade area by
integra ng 1.3 billion people across 54 African
countries, with the objec ve of tapping into a
combined Gross Domes c Product (GDP) of over
$3 trillion.
The African Con nental Free Trade Agreement
(AfCFTA) has also been iden fied as one cri cal
legal framework that can be leveraged to achieve
a collabora ve local content strategy in Africa.
The main objec ves of the strategy are to explore
ways to break down barriers, promote crossborder
collabora on amongst governments and
businesses, provide peer review mechanisms,
and share experiences and ideas on industry
sustainability and growth.
"With AFCFTA, African Union should consider a
unified/ integrated African cer fica on/standard
as prac ced in America, European Union, Britain,
etc.
"We should seriously consider elimina ng
mul ple cer fica ons domiciled outside our
sphere and the associated huge foreign exchange
impact. (An indirect and con nued colonial
ves ge). These ins tu ons outside Africa
(supported by their governments) have made our
respec ve standardiza on agencies confined to
j u s t n a m e s . T h e T W F p e r s o n n e l
cer fica ons/skill passport is a step in the right
direc on.
"Human Capacity Development is very
fundamental in the growth of any economy and
local content. As technology is evolving, it is
important to constantly acquire new knowledge
and skills through training and retraining," PETAN
Chairman concluded.
SAIPEC is the premier annual energy conference
within the sub-Sahara Africa, bringing together
hundreds of local and interna onal companies
including technology providers and regulators to
inform on domes c and interna onal energy
sector developments, business transac ons and
cross border collabora ons.
The next edi on of SAIPEC will be held from 20-22
February 2024 at Eko Conven on Center, Lagos,
Nigeria.
50
THE ENERGY REPUBLIC I SPECIAL EDITION

SAIPEC 2023 STORIES
NCDMB Boss Lists Strategies For Local Content Regional
Collaboration, Signs Agreement with Senegal
Amid global concerns over energy
Nigeria and other African countries the
security and a regional resolve on
partnership opportuni es for sourcing
collabora on to deepen local
content, the Execu ve Secretary,
Nigerian Content Development and
Monitoring Board (NCDMB), Engr. Simbi
Kesiye Wabote, has proposed strategies
that would break down barriers and
promote cross-border collabora on
amongst governments and businesses.
H e m a d e t h e s u g g e s o n s i n a
presenta on he made at the opening of
the 7th SAIPEC Sub-Saharan Africa
Interna onal Petroleum Exhibi on and
Conference in Lagos on Tuesday, hin ng
on the need for peer review mechanisms,
and sharing of experiences and ideas on
industry sustainability and growth.
The event provided a pla orm for the
NCDMB to sign a memorandum of
understanding (MoU) with the Technical
Secretary of the Na onal Content
Monitoring Commi ee of Senegal (ST-
CNSCL), the agency that is responsible for
the coordina on and supervision of the
development and implementa on of the
local content strategies in the Senegalese
oil and gas sector.
Under the terms of the MoU, NCDMB will
offer ST-CNSCL strategic advice and
g u i d a n c e i n t h e a r e a s o f l a w s ,
frameworks, knowledge exchange,
procedures for baseline study, data
collec on on capaci es that exist in
Senegal, design of strategic plan for local
content implementa on in Senegal and
other capacity development ini a ves.
Speaking further, Wabote drew the
a en on of sub-Saharan Africa’s Ministers of
Petroleum to the rela vely high crude oil price
levels and upswing poten als experienced
from 2021 to date and the geo-poli cal
dynamics at play, highligh ng the challenge for
African oil and gas service providers “to
partake in the development and maintenance
of oil fields,” which could be best facilitated
through a deliberate ac on plan.
In his paper en tled “Sub-Saharan Africa Local
Content Collabora on Strategies,” the
Execu ve Secretary said the ac on plan under
considera on centres on legal framework,
funding, infrastructure, human capacity
development, and research and development.
He equally highlighted ini a ves and grounds
covered by the Nigerian Government through
the NCDMB in local content development and
how other African oil producers could benefit
from these.
A legal framework, as he pointed out, is an
enabling legal or regulatory framework, a basic
requirement “to drive and develop local
content sustainability.” That would be the
cri cal instrument “to forge a collabora ve
A f r i ca l o cal content st rategy.” T h at
requirement, he observed, has been taken
care of by the African Con nental Free Trade
Agreement (AfCFTA), which he noted “created
the world’s largest free trade area by
integra ng 1.3 billion people across 54 African
countries, with the objec ve of tapping into a
combined Gross Domes c Product (GDP) of
over $3 trillion.”
In the area of infrastructure, he cited Dangote
Integrated Refinery and Petrochemical
Company, with an installed capacity of 650,000
barrels per stream day (bpsd), which he noted
would “afford
petroleum products and fer lizer.” Other cri cal
infrastructure cited were Lekki Free Trade Zone,
SHI-MCI FPSO Fabrica on/Integra on Yard,
Lagos, West African Gas Pipeline Project, the
ongoing AKK gas transmission pipeline, and
NCDMB’s seven Nigerian Oil and Gas Parks
( N O G A P S ) , t w o o f w h i c h a r e d u e fo r
commissioning in 2023.
The occasion also became an opportunity for the
Execu ve Secretary to invite business
organisa ons from the sub-Saharan region
interested in the manufacture of equipment,
components and spares relevant to oil and gas
opera ons to apply for spaces in the industrial
parks at Emeyal II in Bayelsa State, and Odukpani,
Cross River State.
With regards to funding, he expressed
sa sfac on for progress made towards
establishing an Africa Energy Bank to address
financing challenges of Africa’s oil and gas
projects in an era of declining investments in
fossil fuels.
For human capacity development, the NCDMB
boss noted its importance “to the successful
implementa on of local content as every
interven on will be powered by humans – either
through intellect, skill set or both.” Research and
Development is similarly pivotal to successful
implementa on of local content.
Engr Simbi was profusely thankful to the
Petroleum Technology Associa on of Nigeria
(PETAN) for “graciously hos ng and du fully
organizing this auspicious event year a er year.”
In his concluding remarks he expressed the hope
that the Associa on would look into “how to
develop and showcase indigenous technology at
SAIPEC.”
51
THE ENERGY REPUBLIC I SPECIAL EDITION

AFRICAN ENERGY STORIES
TotalEnergies’
Egina Clinches
IPTC Excellence
In Project Award
E
gina, Nigeria’s flagship ultra-deep
offshore field operated by
TotalEnergies,has been declared winner
of the Excellence in Project Integra on prize at
the 15th Interna onal Petroleum Technology
Conference (IPTC) in Bangkok, Thailand
recently.
PETAN, Africa Oil, Gas Associations To
Launch e-Business Platform In 2023
The Petroleum Technology
Associa on of Nigeria (PETAN) and
African Local Content Associa ons
have disclosed their plan to launch an
African local content oil and gas business
e-pla orm by 3rd quarter of this year.
PETAN Chairman, Nicolas Odinuwe made
this known in his speech at the 7th Edi on
of the sub-Saharan interna onal
conference and exhibi on (SAIPEC) 2023
in Lagos, no ng that the pla orm is
currently being developed by the local
content associa ons.
According to him, the e-business pla orm
will facilitate a one-stop colla on of
available opportuni es, capaci es, and
capabili es within the sub-Sahara Africa
region.
He also revealed the plan by PETAN to
collaborate with the Welding Federa on
(TWF) on an integrated one-skill passport
for welding and related prac ces as well
as the partnership with the Nigerian
Content Development and Management
Board (NCDMB) for the establishment of
the African local content funding.
He further noted that the PETAN Seal of
quality (PSQ) launched a few years ago, is
being expanded to be industry inclusive in
partnership with NCDMB and relevant
stakeholders.
Odinuwe noted that the collabora on on the
PETAN Seal of quality (PSQ) has also been
extended to Uganda, Mozambique, Tanzania,
Senegal, Ghana, Angola, Guyana, etc.
He also charged the African Union to use the
African Con nental Free Trade Area (AfCFTA)
to consider a unified and integrated African
cer fica on/standard as prac ced in America,
European Union, and Britain.
The PETAN Chairman said, “We should
seriously consider elimina ng mul ple
cer fica ons domiciled outside our sphere
and the associated huge foreign exchange
impact. (An indirect and con nued colonial
ves ge).
“These ins tu ons outside Africa (supported
by their governments) have made our
respec ve standardiza on agencies confined
to just names.”
He added that the Welding Federa on (TWF)
personnel cer fica ons and skill passports are
steps in the right direc on.
“Congratula ons to us all. It’s indeed a good
achievement to the company and our partners,
and we must find a way to communicate the
great feat to our teams that were fully involved
in the project (Past/Present),” the Deputy
Managing Director, Deepwater, Mr. Victor
Bandele said in a statement on Thursday.
The President EP, Nicolas Terraz, said the award
was a testament to the commitment, hard
work and dedica on of the TotalEnergies EP
Nigeria (TEPNG) and TotalEnergies Upstream
Nigeria Limited (TUPNI) teams.
The award, the IPTC explained, is given to a
project that adds value to the industry and has
exemplified strong teamwork, solid geoscience
knowledge, reservoir and produc on
engineering acumen, determined and watchful
construc on, and outstanding facili es
engineering prac ces. It also noted that a
successful project requires a pervasive culture
of HSE, and a posi ve impact on the
communi es it affects.
Three nominated projects made it to the final
stage, from a pool of nomina ons, with each
finalist’s project making a presenta on at the
conference before the winner was announced
by the IPTC conference.General Manager,
Preowei Development Packages, Mr. Paul
Timitula Brisibe, who made the Company’s
presenta on at the event.
He noted: “Partnership & collabora on
amongst all stakeholders; Technological
Exper se and Local commitment made Egina a
Nigerian project with Global footprint.”
The 200,000 barrels/day field came on stream
in December 2018 with one of the largest
Floa ng Produc on Storage and Offloading
vessels in the world.
TotalEnergies is the operator of the field with
partners that include CNOOC, SAPETRO, Prime
130, and NNPC limited. It is s ll reckoned as the
largest investment project to date in Nigeria’s
oil and gas sector and is a polestar of Nigerian
content as confirmed by the Nigerian Content
Development and Monitoring Board (NCDMB).
52
OIL AND GAS REPUBLIC I SPECIAL EDITION

10-13 JULY
10-13 JULY

AFRICA ENERGY STORIES
AFRICA’S ENERGY OUTLOOK 2023:
AEC LAUNCHES ‘STATE OF AFRICA ENERGY’ SPECIAL REPORT
...The African Energy Chamber has officially launched ‘The State of African Energy: 2023 Outlook,’
a consolidated report providing global investors and energy companies with the insights they need
to make informed decisions in 2023 and beyond.
The African Energy Chamber (AEC) – the voice of the African energy
sector – has launched its newest publica on, ‘The State of African
Energy: 2023 Outlook,” a detailed report analyzing current,
emerging and future oil and gas market trends as well as geopoli cal
procedures shaping both the global and African oil and gas sector.
With the global oil market suffering combined impacts from the COVID-19
pandemic and the Russian-Ukraine war, the report provides a detailed
analysis of how produc on and mone za on will look like in 2023 for both
African-producing countries such as Libya, Angola and Nigeria and global
energy companies. As the global oil market vola lity con nues, the AEC
report inves gates what this means for African producers and the global
market.
With the AEC projec ng Nigeria to increase oil produc on from 1.65
million barrels per day (bpd) in 2022 to about 1.75 million bpd in 2023 and
Libya from 1.12 million bpd in 2020 to 1.3 million bpd in 2023, while
Angola will record a decline from 1.13 million bpd in 2022 to about 1.1
million bpd in 2023, the report highlights the role of African energy in
ensuring global energy security while exploring the challenges and
opportuni es faced across the con nent.
Meanwhile on the gas front, as western operators exit the Russian market
due to the invasion of Ukraine, a significant decline in global produc on
and increase in prices is expected. As such, the report analyses the impact
on global trade and supply as well as on explora on, produc on and
infrastructure development across the African market.
With the demand for gas in Europe an cipated to rapidly increase over the
next three years, and Europe seeking to replace the majority of piped gas
which the bloc secures from Russia leveraging liquefied natural gas (LNG)
from other regions,
6
7
8
KEY HIGHLIGHTS:
Eni, TotalEnergies and BP round off the top
three majors in Africa in terms of produc on
Nigeria, Algeria and Egypt are expected to lead
African gas and LNG flows in the short-term
Drilling ac vity expected to increase marginally
from about 895 wells in 2022 to 915 wells in
2023 and further to just over 1000 wells in
2025.
Solar photovoltaic (PV), onshore wind and
hydrogen expected to be the main sources
driving the renewable energy capacity in Africa.
African Solar PV, onshore wind and hydrogen
capacity to reach 70GW, 51GW and 50GW.
Mauritania, Morocco and Egypt expected to be
the leaders in renewables in the medium-term.
Africa’s contribu on to global solar PV,
onshore wind and hydrogen in 2022 – 2%, 1%
and

AFRICAN ENERGY STORIES
Africa, as the bloc’s second gas supplier in
2021 and on the back of massive
untapped gas resources across the
con nent, is well posi oned to become
Europe’s main supplier.
According to the AEC report, As COVID-19
subsides, the Russia-Ukraine conflict has
and will con nue to lead to Brent
increasing, with Africa being in a prime
posi on to increase its natural gas output
and benefit from an under supplied LNG
market and demand from Europe. Owing
to the proximity of leading African
producers to Europe and exis ng good
trade rela ons between the two
con nents, despite total produc on
across the con nent declining from 2022
through 2025, Africa is expected to play a
key role in mee ng global demand.
Meanwhile, Nigeria, Algeria and Egypt
lead African gas produc on and LNG
flows in the short-term, with the report
providing a detailed outlook regarding
produc on, mone za on and LNG
developments across Africa’s emerging
and already established markets such as
Equatorial Guinea, Senegal/Mauritania
and Mozambique.
W i t h A f r i c a s e e k i n g t o a r a c t
i n v e s t m e n t s t o o p m i z e t h e
d e v e l o p m e n t , e x p l o i t a o n a n d
mone za on of hydrocarbon resources,
including the es mated 125.3 billion
barrels of crude oil resources and 620
trillion cubic feet of gas reserves for
energy security and economic expansion,
and as spending is set to be taken out of
Russia and directed to other regions, the
report details investment trends across
Africa and how trends in Russia and
across the globe can shape capital
alloca on for projects rollout and energy
trading across the con nent.
What’s more, with Africa eyeing to
accelerate explora on investments and
ac vi es to boost its oil and gas reserves
for a sustainable energy future, the AEC
report provides insights on drilling
campaigns across the con nent and how
recent sizeable discoveries, such as
TotalEnergies and Shell’s in Namibia, will
drive upstream ac vi es in countries
such as Mauritania, Senegal, Uganda,
Congo, Mozambique, Ghana, Angola and
Ivory Coast. The study states that drilling
ac vity across Africa will increase
marginally from about 895 wells in 2022
to 915 wells in 2023 and further to just
over 1,000 wells in 2025.
NJ Ayuk, the Execu ve Chairman of the African Energy Chamber (AEC)
In addi on to providing country-specific
impacts of new oil and gas economies across
Africa, with the con nent focusing more on
how to li the 600 million of its people out of
energy poverty, the AEC outlook provides a
detailed analysis of energy access rates whilst
exploring various electrifica on ini a ves –
including gas-to-power and renewable energy
developments – underway to boost Africa’s
access to electricity.
“The Chamber is proud to release its newest
report, ‘The State of the African Energy: 2023
Outlook.’ With current trends such as the
Russian-Ukraine war and global energy
transi on policies exposing Africa’s fragile
energy systems and deepened prevailing
energy poverty on the con nent, we believe
Africa needs to stand on its own feet to
maximize the investments required to boost
oil, gas and renewable energy developments
to modernize its energy network for security
and reliability. We believe the report provides
regional and global investors with the insights
they require to tap into Africa’s vast energy
poten al,” states NJ Ayuk, the Execu ve
Chairman of the AEC.
About African Energy Chamber
African Energy Chamber is an energy advocacy
group based in South Africa, established in
2018. It is focused on legal issues related to oil
and gas in African countries. In 2021, the AEC
organized African Energy Week, which aims at
"Making energy poverty history in African
countries".
African Energy Week (AEW) is the African
Energy Chamber’s annual event, uni ng
African energy leaders, global investors
and execu ves from across the public and private
sector for four days of intense dialogue on the
future of the African energy industry. An
interac ve conference, exhibi on and
networking event, AEW was established in 2021
under the premise to make energy poverty
history by 2030, hos ng panel discussions,
investor forums, industry summits and one-onone
mee ng opportuni es, and driving the
discussions that will reshape the trajectory of the
con nent’s energy development.
In 2022, the event returns bigger and be er than
ever before, serving as the official mee ng place
for Africa’s energy elite. At the forefront of the
African energy industry, AEW promotes the role
Africa plays in global energy ma ers, centered
around African-led dialogue and decision
making. Covering the en re energy sector and
value chain, AEW represents the only conference
on the con nent representa ve of the en re
sector.
As the organizer, the AEC is proud to host AEW in
accordance with the revolu onary African
Energy Village concept – a new form of event
planning u lizing a hub of venues designed to
host over 1,700 delegates. A endees are granted
the opportunity to design their own program,
choosing sessions they wish to par cipate...
55
THE ENERGY REPUBLIC I SPECIAL EDITION

To Download The Report, Visit h ps://bit.ly/3NbQLtD

AFRICAN ENERGY STORIES
‘Africa requires $1.5 trillion in investment across it’s
renery sector’ - Eng. Adetunji, NNPC VP Downstream
The Nigerian Na onal Petroleum
Company Limited (NNPCL),
Execu ve Vice President for
Downstream, Eng. Adeyemi Adetunji has
said that Africa requires up to $1.5 trillion
in investment across its refinery sector to
boost the con nent’s refinery capacity.
Eng. Adetunji made this known during a
panel discussion at the 2023 edi on of
the African Refiners & Distributors
Associa on (ARDA Week), tled:
‘Spotlight on African Downstream
P ro j e c t s – H i g h l i g h n g Refinery
Investments for Energy Security’ which
was moderated by David Sineka, Re red
Downstream Industry Expert.
Other speakers at the event include
Daouda Kebe, Technical Director, SAR,
Senegal; Joaquim Kiteculo, Head of
Sonangol’s Business Unit, Refining, and
Petrochemicals (Sonaref), Sonangol;
R a p h a e l S o u a n g a , D i r e c t o r o f
Development and Energy Transi on SIR;
Christopher Kyaruhanga, Transport
Officer, UNOC.
In his words, he emphasized the need for
the con nent to develop an African
Energy Transi on Strategy, urging private
and public sector ins tu ons, including
stakeholders across the en re oil and gas
value chain to support the ini a ve as
well as the African Energy Transi on Bank
for the con nent to guarantee the
availability of investments to accelerate
oil and gas infrastructure projects and
achieve energy independence and
affordability.
According to Eng. Adetunji, "Africa is a
growth market with up to $1.5 trillion in
i nvestment re q u i re d a c ro s s t h e
con nent’s refinery sector, of which
$15.7 billion will be directed towards
ensuring exis ng infrastructure comply
with new regula ons.
“New refinery investments need to look
at op mizing Africa’s en re supply chain
and logis cs to maximize industry
opera ons. African pipelines need to
connect, refinery products to be
consolidated, and laws, tariffs, and
Eng. Adeyemi Adetunji, NNPC, Execu ve Vice
President Downstream
policies harmonized to see the free flow of
petroleum molecules for Africa to achieve
energy security.”
Speaking further, he added “Nigeria, for
instance, despite being one of the world’s
largest energy producers, imports every drop
of its petroleum needs because all of our
refineries are not opera onal. We hope the
three projects aiming to renew our refinery
capacity will go a long way in strengthening
energy sector stability on the back of
exploita on of local resources.”
Commen ng on opportuni es for African
refiners across the global energy market, Kebe,
stated, “Africa accounts for 10% of the world
supply and with Europe increasing its interest,
an opportunity has risen for the con nent to
a ract more investments and to boost the
mone za on of refined products.”
He stated that new projects being deployed in
N o r t h A f r i ca a n d A n gola a s well a s
moderniza on ini a ves in Angola, Senegal,
and the Ivory Coast not only present a chance
for Africa to a ract new investors but to
expand refinery capacity to address local
energy needs and to reduce emissions from
the sector.
To support Kebe’s point, Kiteculo gave an
update on the company’s projects including
the Luanda Refinery Expansion, the Cabinda
and Soyo Development, and the Lobito
ini a ve. He stated that the firm is
implemen ng these projects as part of the
Angolan government’s “plan to become selfsufficient.”
“These projects will enable us to provide value to
stakeholders, and power consumers, and reduce
emissions while shaping regional energy security
and economic growth. For Luanda, we finished
the construc on of new pla orm units to
increase daily produc on to 1,200 metric tons
per day. We are already delivering 1,200 tons of
gasoline to the domes c market while ensuring
all our projects reduce carbon emissions,” he
said.
Expanding on the role of African refinery projects
in helping to meet local energy needs, Souanga
highlighted how his firm has helped ensure that
the Ivory Coast is able to meet 70% of its oil and
gas needs by leveraging local resources. While
the Ivorian company is expanding its refinery
capacity, it is also boos ng the refinery’s energy
efficiency while reducing the facility’s sulfur and
benzine capacity in petroleum products.
“We aim to reduce benzine capacity to less than
1% of petroleum and we are commissioning the
investment by 2028 as part of efforts to meet
specifica ons introduced by ECOWAS. We are
also se ng up storage facili es, in partnership
with the na onal oil company, since the exis ng
ones were installed in 1982, and we are replacing
heavy fuels with natural gas and looking at new
forms of energy such as hydrogen and biofuels for
mobility. We want to grow in that direc on where
we diversify the energy mix for security.”
Kyaruhanga reiterated the discussion by urging
increased coopera on by African governments
and downstream and midstream stakeholders to
address the high-intensity upfront capital
r e q u i r e d f o r i n f r a s t r u c t u r e p r o j e c t s ,
environmental concerns, human capital needs,
logis cs challenges, and regulatory barriers
disrup ng industry expansion. He stated, “One of
our greatest challenges is the lack of exper se,
technology, and industry know-how in Uganda.
We are an emerging market. Our way forward is
to accelerate partnerships with regional and
global experienced markets while pushing for the
decarboniza on, digitaliza on, and expansion of
infrastructure.”
The main objec ves of ARDA Week 2023 are
increasing investments to boost Africa’s refinery
capacity while reducing the carbon footprint of
the downstream and midstream sectors for the
con nent to achieve energy security and
environmental sustainability.
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African Reneries: Why 2023 Will Be A Transformational
Year For Africa’s Fuel Supply Security
2022 has been a point of no return
for sub-Saharan Africa's
downstream industry and the
con nent is poised to witness significant
transforma ons in its fuel supply security
this year, shows a new Hawil report.
Africa imports over half of the petroleum
products it needs to meet the demand of
its developing economies and growing
popula ons. While large refining hubs are
opera onal in North Africa, sub-Saharan
Africa imports almost all its fuel and
remains heavily vulnerable to global
commodity prices fluctua ons. With
soaring oil prices throughout 2022, most
African na ons have been le grappling
with unbearable import bills pu ng
pressure on state coffers, rendering fuel
subsidies unsustainable, and fueling
infla on.
In response, several African na ons are
trying to fast-track the development of
new refineries, or seeking to upgrade,
modernise, and expand exis ng facili es.
For others, the solu on is simply to
expand import and storage infrastructure
and develop new regional supply links.
A Posi ve Outlook in West Africa
West Africa is notably on the verge of
change as new capacity is expected to
come on stream in 2023. The region
already houses the largest refining
capacity in sub-Saharan Africa, although
only 23% of it is currently opera onal.
The long-awaited Dangote Refinery, a
650,000 bpd single-train crude refining
facility that has been a decade in the
making, is finally expected to start
produc on this year. Its commissioning is
already sending hopes that it could finally
start rebalancing Nigeria’s trade deficit.
With all state-run refineries undergoing
rehabilita on, Nigeria imports all its
petroleum products, and heavily
subsidizes gasoline. It needs the Dangote
Refinery to decrease imports, generate
currency savings, fight infla on, and
ul mately improve its macroeconomic
outlook.
Africa’s biggest oil producer has also
embarked on the rehabilita on of its
Anibor Kragha, Execu ve Secretary, ARDA
three state-owned refineries in Port Harcourt,
Warri, and Kaduna - totaling some 445,000 bpd
of refining capacity.
Tecnimont con nues to make progress on
bringing Port Harcourt’s complex back to 90%
of its capacity while Daewoo E&C was selected
in 2022 to execute two “quick fix” projects at
both Warri and Kaduna.
Both the opening of the Dangote Refinery and
the rehabilita on of state-owned refineries
have the poten al to make Nigeria Africa’s
biggest refining hub by 2025. But the market is
also driven by private oil producers and asset
developers who are building modular
refineries next to oilfields in the Niger Delta.
Historic crude the throughout 2022 has
provided addi onal incen ves for field owners
to develop refining facili es and mone se
their oil themselves instead of injec ng it into
third party export pipelines. 2023 could see
movement on several of them, including
expansion plans at exis ng facili es.
“Modular technology solu ons are on the rise
in Africa, and especially in Nigeria because
they offer producers the opportunity to set up
a refinery in approximately 13+ months from
incep on to start of refining. Modular
refineries also have a quick return on
investment of approximately 2 years, enabling
developers and their investors the ability to
recoup their invested capital in a short period
of me. In Nigeria, modular refineries also
mi gate the risk of pipeline sabotage as these
refineries become an evacua on system that is
completely independent of pipelines.,”
explained Souheil Abboud, Managing Director
of modular process equipment manufacturer
VFuels LLC.
“Nigeria is the market to watch this year not only
because of the opening of the Dangote Refinery,
but because of its upcoming change of
administra on and the strategic decision that
must be made on ending fuel subsidies. A
poli cally courageous move to li gasoline
subsidies would have a profound impact on
Nigeria’s economy and on fuel supplies across the
whole sub-region,” added Mickael Vogel,
Director & Head of Research at Hawil .
Finally, Ghana will also play its role in shaping the
region’s outlook this year as it expects to finally
re-open its 45,000 bpd Tema Oil Refinery. A
Chinese developer is also commissioning a
40,000 bpd refinery this year, which will be the
first phase of a much larger complex expected to
reach 100,000 bpd by 2025 at a cost of $3bn.
Ghana spent $1.8bn to import Premium and Gas
Oil in the first half of 2022 alone, data from its
Central Bank shows. With the reopening of its
Tema Refinery, it will already be able to meet a
third of its monthly diesel consump on, and all its
requirements for avia on turbine kerosene (ATK)
and fuel oil.
Strategic Decisions Ahead in Southern and
Eastern Africa
Meanwhile, Southern Africa is also expected to
see supply constraints easing this year, shows
Hawil . This will especially be the case in South
Africa, where Astron Energy is in the process of
re-opening the 100,000 bpd CALTEX Refinery
a er it was shut down in July 2020 following a
deadly explosion.
However, Hawil notes that most South African
refineries are closed (Engen, Sapref, Mossel Bay)
and that the country’s refining outlook remains
heavily uncertain. By 2025, Angola could have
overtaken South Africa as the region’s biggest
refiner based on exis ng and upcoming projects.
Last year, Angola already completed the
rehabilita on and expansion of its 65,000 bpd
Luanda Refinery, where capacity has more than
tripled. It also made good progress on the
construc on of the 30,000 bpd Cabinda Modular
Refinery, whose crude dis lla on column was
successfully delivered by VFuels.
But Angola has higher ambi ons as it relies on the
private sector to develop two new refineries of
100,000 bpd in Soyo and 200,000 bpd in Lobito.
While the tender for the Soyo facility was already
awarded, the one for Lobito should be
announced in 2023, marking the start of the
country’s biggest refining venture to date.
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AFRICAN ENERGY STORIES
Angola intends to leverage on its future refining capacity to posi on itself as a regional supply hub, with several pipelines in discussions with its
neighbours, including Zambia. Further north, a strategic investment decision is expected in Uganda where the 60,000 bpd Albert Graben
Refinery needs to reach FID if it is to be commissioned on me to process domes c oil in 2025.
Sustainability Ma ers
However, Africa must also put its downstream industry on the path of sustainability and ensure that exis ng and new facili es can meet
increasingly stringent clean fuels requirements. This cannot be done without costly upgrades, many of which are deemed uneconomical by
refiners.
“We es mate that $16bn is required to modernise and upgrade refining facili es in Africa, including Naptha Hydrotreater (NHdT), Diesel
Hydro-desulphurisa on (DHDS), Benzene Extrac on and Sulphur & Hydrogen units,” says Anibor Kragha, Execu ve Secretary at the African
Refiners and Distributors Associa on (ARDA).
The ability of African refineries to restructure their debt and raise fresh capital will dictate their future and their role in the African energy
transi on. In that regard, 2023 will be an important year for some of the con nent’s oldest facili es like Gabon’s SOGARA or Cameroon’s
SONARA that are both in need of restructuring. Meanwhile, other well-established refineries have already embarked on moderniza on plans,
including Côte d'Ivoire’s SIR Refinery, Senegal’s SAR Refinery, and Congo’s CORAF Refinery.
“The sustainability of African refining infrastructure will not only depend on the refineries’ capacity to produce cleaner fuels for consumers, but
also on their overall environmental footprint. In that regard, quick gains can be made with the installa on of solar PV and improvement in water
treatment systems, which we expect to start seeing on the con nent this year,” concluded Souheil Abboud.
Libya To Launch Oil And Gas Licensing Round By 2024
Libya, is preparing to launch oil and
gas licensing round by the year
2 0 2 4 , L i b ya ’s state-run o i l
company chief said at just concluded
CERAWeek 2023 in Houston, Texas, USA.
If Libya successfully manage to hold a
licensing round next year, it would be its
first in nearly two decades, and would
help Libya reach its produc on goal of 2
million barrels per day within the next
three years.
OPEC data showed in its latest Monthly
Oil Market Report that Libya’s crude oil
produc on in January fell to 1.148 million
bpd, a er averaging 1.153 million bpd in
the fourth quarter of last year.
A report by the African Energy Chamber
last month said that Libya's crude oil
produc on capacity could reach a
maximum of 1.8 million bpd by 2024. And
that's even if Libya sees poli cal stability
and dual government clashes come to an
end. S ll, the Libyan Government of
Na onal Unity insists that the country
could produce as much as 3 million bpd
within two to three years.
Libya has made some progress in paving
the way for boos ng gas produc on,
including signing an $8 billion offshore
gas deal with Eni,
Libya's NOC chief Ben Guadara
and Eni's and BP's explora on drilling plans in
the Ghadames and Sirte basins—with offshore
drilling planned for next year.
Libya's NOC chief Ben Guadara is adamant that
the Eni deal is "just the first step in a long way
for more and more investment."
Guadara also spoke of a possible LNG
liquefac on plant and a gas pipeline to Egypt
with e-ins to the Idku facility and Damie a
terminals, Argus said.
Libya’s gas output is currently at 1.3 billion
cubic feet per day, with just 250 million cubic
feet per day of it able to be exported through
the 775 million cubic feet per day Greenstream
pipeline, as much of the gas must go to fulfill
Libya’s own domes c gas needs.
According to Sta sta report, the oil and natural
gas industry is a significant economic contributor
in Libya. The country developed a strong oil
sector a er major oil discoveries in the late
1950s.
In recent years, despite the fluctua ng oil
produc on due to the wars and COVID-19, Libya’s
economy has remained heavily reliant on the oil
industry, which is the main source of income in
the country.
In 2020, oil revenue accounted for over 50
percent of the Libyan GDP, the largest share in
Africa. Although to a lesser extent, Libya’s
economy also profits from the gas sector, as the
country is the fourth natural gas producer on the
African con nent.
In addi on, oil and gas resources largely
contribute to Libya's export trade. Mineral fuels,
including oil and natural gas, were the leading
products exported in 2021, represen ng over 95
percent of the exports.
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Per Magnus Nysveen, Chief Analyst for Rystad Energy
INVEST IN AFRICAN ENERGY 2023:
Rystad Energy Highlights Growth
Opportunities in Africa
The African Energy Chamber (AEC)
hosted its Invest in African Energy
Recep on in London on Thursday
26th January 2023, with European, US
a n d U K i nvestors a e n d i n g a n d
submi ng interest in Africa’s most
bankable oil, gas and power projects.
Independent energy research firm,
Rystad Energy, presented its Africa’s
Energy Sector Outlook 2023, outlining the
current state of the industry and forecast
supply and demand dynamics.
According to a presenta on from Rystad
Energy – “Energy Addi on for Africa” –
Sub-Saharan Africa holds 140 billion
barrels of oil equivalent, of which only
one-third is developed and two-thirds of
undeveloped resources are natural gas.
New investment in oil and gas explora on
and produc on is necessary, not only to
maximize recent discoveries along
Africa’s 40,000-km coastline, but also to
meet rising energy demand globally and
stabilize price hikes. “For 10 years,
produc on has been lagging, which
created the super cycle of oil prices,”
noted Per Magnus Nysveen, Chief Analyst
for Rystad Energy.
Accordingly, Africa’s greenfield upstream
spending is expected to boom during the
coming decade, reaching $37 billion by
2025 and $50 billion by 2030.
The con nent con nues to require new
hydrocarbon explora on and drilling ac vi es,
even in the context of the energy transi on
and simultaneous investments in solar, wind,
hydropower and natural gas. “We need as
much as 65 million barrels by 2030 from wells
that have not been drilled yet,” Nysveen
added.
In terms of power genera on, Rystad Energy
states that African countries must harness
their renewable resources in conjunc on with
natural gas – which “must double” – in order to
meet rising electricity demand. South Africa’s
Just Energy Transi on Investment Plan, which
has already secured $8.5 billion for the period
2023-2027, exemplifies this strategy, with the
country depending on natural gas to
decarbonize its current power mix.
“We could not have chosen a be er city to start
our African energy journey. London, we thank
you. At the core of what we do is to make
energy poverty history,” said NJ Ayuk,
Execu ve Chairman of the AEC. “Everybody
showed up. That tells you that it’s me for
Africa and it’s me for us to stop apologizing
for producing energy for the world.”
“African na ons must focus on developing a
natural gas market to serve as the founda on
of the con nent’s energy industry.
“Africa will be unable to meet the UN’s
sustainable development goals unless we tap
into all resources available, which is why we must
encourage and facilitate interna onal
investment, specifically from Europe, in oil and
gas in order to fairly and economically par cipate
in the global energy transi on and drive
socioeconomic development throughout the
con nent.”
Advancing a bold agenda for the African energy
sector, the AEC strives to unite governments and
credible businesses to spur growth under
interna onal standard business prac ces and
posi on Africa to capitalize on energy investment
through strategic partnerships and trade.
With the African con nent focusing its efforts on
li ing 600 million people who currently lack
access to reliable and affordable electricity and
900 million who lack access to affordable clean
cooking solu ons out of energy poverty, the
Invest in African Energy Recep on will provide an
opportunity for investors to explore various
ini a ves, which include gas-to-power and
renewable energy developments, as well as oil
and natural gas explora on and produc on
prospects.
In the wake of the COVID-19 pandemic and the
Russian invasion of Ukraine, demand for gas in
Europe is expected to rapidly increase in the
coming years, thus posi oning Africa to take
advantage of its immense untapped resources
and become a major supplier of oil and natural
gas and ensure global energy security while
tackling the challenges and opportuni es across
the con nent.
The Invest in African Energy Recep on Event
serves as the premier pla orm for interna onal
dignitaries, execu ves, and companies to
par cipate and operate in Africa’s energy sector,
where access to affordable and reliable energy
will be fundamental towards development, while
simultaneously showcasing the pressing need to
balance all forms of energy development to
ensure a just energy transi on and mi gate the
global energy crisis.
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Chief Timipre Sylva
Gbenga Komolafe, Chief Execu ve Of Nigerian Upstream Petroleum Regulatory Commission
Nigeria Commences Bidding Round for 7 Deepwater
Oil Blocks
The Nigerian Upstream Petroleum
Regulatory Commission (NUPRC),
o n b e h a l f o f t h e F e d e r a l
Government, has commenced the 2022
deep offshore mini-bid round for seven
offshore blocks to spur new explora on
and drilling ac vi es in the prospec ve
deep waters offshore Nigeria.
The Seven blocks on offer, are Blocks PPL-
300-DO, PPL-301-DO and PPL-302-DO are
located in the Nigerian Transform Margin
area. Blocks PPL-303-DO, PPL-304-DO,
PPL-305-DO and PPL-306-DO are within
the deepwater Niger Delta Basin.
The Mini Bid Round is the first in a series
o f b i d ro u n d s a i m e d a t f u r t h e r
development of the prospec ve
petroleum basin. It will be held in
accordance with the Petroleum Industry
Act 2021 (PIA), with enhanced legal and
regulatory frameworks that seek to
e n c o u r a g e n e w i n v e s t o r s a n d
investments into the next phase of
explora on in the region.
It builds on the last bid round that was
held in April 2007 during which a total of
45 blocks were put on offer, which was
held under a different regulatory regime
(the Petroleum Act, 1969), generated
massive interest and par cipa on with its
a ended revenue which made the
exercise a success.
to ask ques ons concerning the process and
requirements, a er which interested par es will
be invited to submit their pre-qualifica on
applica ons by 31th January.
However, NUPRC has affirmed that it will provide
further details and a roadmap for the
interna onal compe ve bid round in “due
course”.
According to Gbenga Komolafe, NUPRC Chief
Execu ve, "The Na onal Data Repository (NDR) of
the NUPRC and its mul -client partners were
delighted and ready to support the exercise
underpinned by high quality datasets.
“The blocks have extensive 2D and 3D seismic
data coverage, including mul -beam and
analogue data. Addi onally, a remarkable quality,
3D MegaSurveyPlus reprocessed Pre-stack Time
Migra on (completed October 2022), with angle
stacks and gathers is also available to prospec ve
bidders. Links to all data can be accessed via the
dedicated NUPRC portal.
"The mini-bid round was a market-driven
programme and would follow a transparent and
compe ve procurement process designed to
a ract competent third-party investors from
across the world that have the capability and
p ro fi c i e n c y i n o p e ra n g i n d e e p water
environment”.
In a recent report published by Offshore Energy, a
Norwegian seismic company PGS is suppor ng
the Nigeria 2022 Mini Bid Round with a range of
3D coverage over the seven blocks that will be on
offer.
seismic data. This is composed of various
input surveys which have been matched,
merged and re-binned onto a common grid
resul ng in a single, con nuous volume of
full-stack seismic data in the me domain.
According to the company, this extensive
seismic coverage allows for a regional-scale
understanding of prospec vity in and around
the license round acreage. Enhanced
datasets are also available to license as
GeoStreamer PSTM and MegaSurveyPlus
PSTM which have addi onal products such as
angle stacks and gathers.
The Niger Delta Basin is said to be dominated
by up to 12 kilometers of Late Cretaceous to
Quaternary aged clas cs deposited in an
upward coarsening regressive deltaic
sequence. The main source rocks are Akata
Forma on marine shales and Lower Agbada
Forma on paralic shales. Proven reservoirs in
the basin are dominated by unconsolidated
sandstones of the Agbada Forma on
deposited as stacked turbidite channel and
fan complexes.
PGS added 10,700 square kilometers of 3D
Mul Client data to its data library coverage of
the Niger Delta at the beginning of last year,
kick-star ng a major reprocessing project.
A pre-bid conference was held on 16th
January 2023 where poten al applicants
were given the opportunity
PGS said it had assembled a data package to
l i c e n s e over t h e b l o c ks, comprised o f
approximately 10,000 sq km of merged 3D
57 09 22 61
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AFRICAN ENERGY STORIES
double-edge sword because a lot of discovered
fields are sought a er by stakeholders,
genera ng strong but lengthy M&A ac vity that
ul mately delays projects’ development.”
Deep-water Poten al
Hawil expects Nigeria’s deep-water produc on
to remain stable throughout 2023, supported by
a recently concluded infill drilling campaign by
Shell on the Bonga hub and an upcoming infill
drilling campaign by TotalEnergies on the Egina
hub.
The deep-water outlook in Nigeria is more
posi ve in the medium-term, with two major
subsea e-back projects currently under study
and likely to be approved post-elec ons. These
include Bonga North by Shell on OML 118
(150,000 boepd peak) and Preowei by
TotalEnergies on OML 130 (70,000 boepd peak).
TotalEnergies EGINA FPSO
Outlook for Nigeria’s upstream oil
& gas sector positive for 2023 –
Hawilti report
Nigeria’s oil and gas industry
experienced historic crises
throughout 2022 as the sector
struggled with severe crude the s and
pipeline vandalism constraining output.
However, resump on of opera ons at
onshore export terminals at the end of
2022 coupled with fresh offshore drilling
ac vity have turned the outlook posi ve
for 2023, shows new Hawil report.
The investment research agency has
released its Nigeria Upstream Oil & Gas
Report for 2023 this week, notably
forecas ng a recovery of onshore
volumes and incremental growth coming
from shallow water projects.
Onshore Recovery
The company es mates that Nigeria’s
onshore produc on stood at only some
400,000 bopd last year, against more than
725,000 bopd in 2020. Its ini al analysis
forecasts a strong but not full recovery of
onshore produc on in 2023, although it
notes an up ck in drilling ac vity from a
wide range of onshore operators.
It also notes the poten al of field owners
who have recently secured Petroleum
Prospec ng Licences (PPL) under
the country’s last Marginal Fields Bidding
Round to raise output. These new entrants will
seek to make the best of their new 3-year
licenses to start producing as soon as possible,
providing they can secure the funding and
technical exper se to redevelop their assets.
The report points to increased investment
from onshore operators into midstream and
downstream infrastructure to minimize their
exposure to third-party export pipelines. “The
market is witnessing a strong appe te for
addi onal storage capacity and refining
infrastructure from both large and marginal
fields operators,” says Hawil .
Shallow Water Growth
Hawil especially notes real growth poten al
from Nigeria’s shallow water segment, where
it highlights several brownfield and greenfield
projects by operators such as General
Hydrocarbons, Sunlink Energies, Oriental
Energy Resources, West Africa E&P, Yinka
Folawiyo Petroleum, and AMNI Interna onal
that can drive output in the short and mediumterm.
“Nigeria’s shallow water segment remains
a rac ve because of its exis ng and reliable
export infrastructure and its widely de-risked
geology,” says Mickael Vogel, Director & Head
of Research at Hawil .
“However, its a rac veness can also be a
Segment ac vity is likely to be supported by the
recent renewal of most producing deep-water
leases in mid-2022, and the launch of a Mini Bid
Round for seven deep-offshore blocks at the end
of 2022.
Some Nigeria's Oil & Gas 2022 Milestones
320 May 2022: NNPC closes its acquisi on of
Chevron's 40% interest in OMLs 86 & 88 at a price
of $290m (NGN 119bn).
328 June 2022: Official unveiling of Nigeria's
n e w H o s t C o m m u n i e s D e v e l o p m e n t
Regula ons and award of Petroleum Prospec ng
Licences (PPLs) to winners of the latest Marginal
Fields Bidding Round.
319 July 2022: Official unveiling of the new
NNPC Ltd.
325 July 2022: TotalEnergies achieves First Oil at
the Ikike field on OML 99.
311 August 2022: formal commissioning of the
Efe field on OML 152 by Newcross Petroleum.
312 August 2022: Renewal of OML 128
(Equinor-operated), OML 130 (TotalEnergiesoperated),
OML 132 (Chevron-operated), OML
133 (ExxonMobil-operated), and OML 138
(ExxonMobil-operated).
316 August 2022: Renewal of OML 125 (Enioperated).
330 September 2022: the NUPRC announces
the re-launch of the Nigeria Gas Flare
Commercialisa on Programme.
31 October 2022: The NCDMB's new Policy on
the Procurement of Bare Lines Pipes becomes
effec ve.
31 November 2022: Addax Petroleum
Development Nigeria Ltd signs a Transfer,
Se lement and Exit Agreement (TSEA) with NNPC
Ltd for offshore blocks OML 123, OML 124, OML
126, and OML 137.
321 December 2022: the NUPRC announces the
Mini Bid Round 2022 that seeks to award seven
deep-water explora on blocks.
62
OIL AND GAS REPUBLIC I SPECIAL EDITION

NIGERIA’S OIL & GAS DEALS TRACKER
Hawilti
Nigeria Upstream Report
The extent of Nigeria's discovered yet undeveloped oil & gas reserves con nues to support strong M&A
ac vity across the country's upstream sector. Below are selected completed and yet-to-complete
transac ons currently shaping up the industry and sourced from the Hawil + research terminal.

AFRICAN ENERGY
SNEPCo’s Bonga FPSO hits One
Billion Barrel milestone
N
igeria’s first deep-water
explora on and produc on vessel,
Bonga, hit a 1-billion-barrel oil
export mark on Monday. This milestone is
coming three months a er a major
turnaround maintenance (TAM) of the
facility was completed ahead of schedule.
Managing Director, Shell Nigeria
Explora on and Produc on Company
Limited (SNEPCo), Elohor Aiboni,
described the milestone as a celebra on
of excellence, leadership and focused
delivery that has brought significant
benefits to Nigeria and Nigerians.
"One billion barrels is an exci ng
milestone," said Aiboni, SNEPCo’ s first
female Managing Director, adding, "I'm
incredibly proud of all of
our employees and contractors who've
contributed to the success of the Bonga FPSO
and the a ainment of this remarkable
achievement."
Aiboni also a ributed the success of Bonga to
the suppor ve partnership with the Nigerian
Na onal Petroleum Company Limited and
SNEPCo’s co-venturers – TotalEnergies EP
Nigeria Limited, Nigerian Agip Oil Company,
and Esso Explora on and Produc on Nigeria
Limited.
Bonga, a floa ng produc on, storage, and
offloading (FPSO) vessel which began
opera ons in 2005 is anchored 120 kilometres
offshore in the Gulf of Guinea and has
consistently delivered value in na onal
revenue, local capacity development of
Nigerian engineers and funding support to the
service industry, in addi on to its many social
investment programmes in health, educa on and
sports.
According to Aiboni, the integrated delivery
approach, con nuous improvement and the
support lever offered by the technological
prowess of the Shell Group are the pillars of
SNEPCo’s excellence delivery. “We are building a
leading safe, simpler and cost-disciplined deepwater
business that brings value to our partners,
shareholders and Nigeria which remains a
heartland for Shell,” she said.
Speaking on the Bonga billion-barrel milestone,
the Country Chair, Shell Companies in Nigeria,
Osagie Okunbor, commended the resilience,
focus and dedica on of the en re SNEPCo team,
most of whom are Nigerians. “I feel a strong sense
of pride knowing that today, over 95 percent of
SNEPCo staff, including those working on the
Bonga FPSO, are trained Nigerian deep-water
professionals, who daily contribute their quota,
in the development of Nigeria’s deep-water
hydrocarbon resources. The en re team should
be incredibly proud of themselves,” Okunbor
said.
In a congratulatory message to SNEPCo and its coventure
partners, Chief Upstream Investment
Officer of NNPC’s Nigeria Upstream Investment
Management Services (NUIMS), Bala Wun , said,
“The many successes recorded by Bonga have
con nued to trigger significant development in
Nigerian’s deep-water oil and gas explora on and
produc on, for which reason the place of Bonga
i n N i geria’s u p st re a m D N A cannot b e
overemphasised.”
TotalEnergies to start Inll Drilling Offshore Nigeria
in February 2023
TotalEnergies is expected to start its
much-an cipated infill drilling campaign
offshore Nigeria in February 2023, its
partner Africa Oil Corp. has said.
The major has been planning a new
drilling campaign on its flagship
deepwater block OML 130 for some me,
with an ini al start scheduled for Q3
2022.
The campaign will focus on infill drilling
and could target up to 9 wells, including 2
explora on/appraisal ones. Exploratory
drilling could notably focus on the Egina
Ridge and Egina South prospects.
“The rig contracted to drill the Egina infill wells
is expected to commence opera ons in
February 2023, a er obtaining its final
regulatory approval,” Africa Oil Corp. said in a
produc on and opera onal update released
today. The company is a 50% shareholder in
Prime Oil & Gas, which itself holds a 16% interest
in OML 130.
While the rig selected is yet to be announced,
Hawil ’s Offshore Drilling Tracker shows that
Noble Corp.’s Gerry de Souza drillship is a likely
candidate. The rig completed a drilling campaign
for TotalEnergies offshore Suriname in December
2022 and arrived in West Africa at the end of last
year, data from Marine Traffic shows.
TotalEnergies is ac ve in Nigeria in oil and gas
explora on and produc on, and natural gas
liquefac on, as well as through its retail ac vi es.
The company holds interests in around 30 oil
mining leases, five of which it operate: onshore
OML 58 and offshore OMLs 99, 100, 102 and 130.
64
THE ENERGY REPUBLIC I SPECIAL EDITION

AFRICAN ENERGY
NCDMB Partners with 15 rms to Strengthen Nigeria
Energy Transition Plan, Raises Gas investments to 70%
To strengthen the Nigeria Energy
Transi on and support the
‘Decade of Gas’ ini a ve slated
between 2021-2030 as declared by
President Muhammadu Buhari, the
Nigerian Content Development &
M o n i toring B o a rd ( N C D M B ) h a s
announced that the agency has pa erned
with 15 firms to set up projects covering
modular refining gas processing, gas
d i s t r i b u o n , p o w e r g e n e ra o n ,
manufacturing, and others to achieve a
gas-powered Nigeria.
This was revealed by the General
Manager, of Corporate Communica ons
& Zonal Coordina on, NCDMB, Dr. Ginah
O Ginah during the Nigerian Content
Capacity Building Workshop for media
stakeholders organized by NCDMB with
t h e t h e m e : “ E n h a n c i n g M e d i a
Competencies To Support Nigerian
Content In a Gas Economy” held at Ikeja
Lagos on December 19th.
Dr. Ginah also pinpointed that the board’s
investments in suppor ng the Federal
Government’s strategy to use Gas as
Nigeria’s transi on fuel and support the
Ministry of Petroleum Resources Gas
policies such as the ‘Na onal Gas
Expansion Program’, ‘Gas Network Code’
a n d ‘ F l a r e s C o m m e r c i a l i s a o n
Programme’ is at 70 percent.
According to him: “It is worthy of note
that 70 percent of our investments are on
g a s - b a s e d a c v i e s , e s p e c i a l l y
midstream and downstream gas. Our
investments underscore the importance
of gas to Nigeria’s economic sustainability
apart from its role in the energy
transi on. It is important to highlight that
our partnerships and investments are
backed by sec on 70 (h) of the NOGICD
Act.
This provision states that NCDMB can assist
local contractors and Nigerian companies to
develop their capabili es and capaci es to
further the a ainment of the goal of
developing Nigerian content in the Nigerian oil
and gas industry.”
He cited exemplary efforts by the board to
ensure that gas is used to create food
sufficiency, industrializa on, increase in Gross
Domes c Product, electric power sufficiency
as well as create employment opportuni es
for the Nigerian youths.
He said “ Some of our gas-based projects
include our partnership with Rungas to
produce 1.2million LPG Composite cylinders
per annum in Bayelsa and Lagos States and our
collabora on with NEDO Gas Processing
Company in Kwale, Delta State for the
establishment of 80 gas Processing Plant and a
300 Gas Gathering hub.
“The Board is also working with Duport
Midstream to establish an Energy Park at
Egbokor, Edo State. The park would include a
40 million standard cubic feet per day gas
processing plant, 2,500 barrels per day
modular refinery, and 20 megawa s power
plants.
“The Board partnered with the NNPC to invest
in Brass Fer lizer and establish 10,000 tonnes
per day Methanol Produc on plant at
Odioama, Brass, Bayelsa State, just as we are
inves ng with Triansel Gas Limited in Koko,
Delta State to establish a 5,000 Metric Tons per
day LPG Storage and Loading Terminal Facility.
“In the Northern states, we supported Butane
Energy Limited to establish LPG Bo ling Plants
and Depots in Abuja and 10 Northern States,
just as we are inves ng with MOB Integrated
Services for the construc on of the 500 Million
Tons Inland LPG terminal in Dikko, Niger State.
By Genevieve Aningo
The project will include the construc on of a
Cylinder Refurbishment plant, procurement of
80,000 bo les of LPG Cylinders, and acquisi on
of distribu on assets.
“Another important partnership is with
Southfield Petroleum to establish 200 million
metric standard cubic feet of the gas processing
plant at Utorogu, Delta State.
The project will produce 123,000 Million Tons Per
Annum of LPG, about 10 percent of current LPG
demand na onwide. In the same vein, the Board
is collabora ng with Amal Technologies to set up
a plant in Abuja to produce Smart Gas/Smoke
Detector Alarm devices”
Dr. Ginah reiterated that the Nigerian local
content in the oil and gas sector has been raised
to 54% and that the ongoing media parley is in
line with sec ons 67 and 70 of the NOGICD Act.
“Just two weeks ago at the Prac cal Nigerian
Content Workshop held at Uyo, Akwa Ibom State,
our Execu ve Secretary, Engr. Simbi Kesiye
Wabote announced that Nigerian Content
performance for 2022 has increased to 54
percent, surpassing the 42 percent target that
was set for the year.
“Our sta s cs also reveal that the average
Nigerian Content performance in the last five
years is 44 percent, which is also beyond the set
targets. In sec ons 67 and 70 (n), the NOGICD Act
mandates the Board to con nually organize
events and undertake public enlightenment
ac vi es to enhance the a ainment of the goal of
developing Nigerian Content. This is a key reason
we have gathered here today, and this also
explains why the NCDMB carries out robust
engagements with diverse stakeholders in
different sectors across the country”, Dr. Ginah
added.
66
THE ENERGY REPUBLIC I SPECIAL EDITION

AFRICAN ENERGY
NCDMB To Host 4th Nigerian Oil And Gas Opportunity
Fair in May 2023 the Nigerian oil and gas industry and encourage
T
them to look forward and invest in the sector,
despite concerns about energy transi on and
other emerging developments in the global oil
and gas industry.
he Nigerian Content Development
and Monitoring Board (NCDMB)
has announced plans to organize
the 4th edi on of the Nigerian Oil and Gas
Opportunity Fair (NOGOF), with the
theme “The oil and gas industry- catalyst
and fuel for the industrialisa on of
Nigeria.”
A er being held virtually in May 2021 in a
bid to curtail the spread of COVID-19
pandemic, the biennial event is set to
return to the NCDMB Conference Center
in Yenagoa, Bayelsa State from the 17th to
19th May 2023, and would showcase the
various opportuni es that exist in the
Nigerian oil and gas industry.
The event which was introduced by the
Engr. Simbi Kesiye Wabote led NCDMB in
2017, with the inaugural edi on held at
Uyo, Akwa Ibom State has consistently
showcased short to medium term plans
and ac vi es of operators and project
promoters in the upstream, midstream,
and downstream sectors of the Nigerian
Oil and Gas industry.
The NCDMB Chief Execu ve had
previously explained that the showcase
of upcoming projects is intended to give
Nigerian service companies ample
opportunity to build relevant capaci es
that might be required to execute the
projects in-country, thereby crea ng
employment opportuni es, and retaining
spend in-country.
The goal he added, is also to reassure
stakeholders of the industry that
opportuni es s ll abound in
The event which is managed by Jake Riley Ltd
promises to have a greater impact this year and
the agenda would focus on industry linkages as
well as opportuni es within the African con nent.
The event promises to showcase opportuni es
that exist in the industry over the next three to five
years and presenta on will be made by over 20
interna onal and indigenous oil and gas
companies.
Some of the topics that will be discussed at
NOGOF 2023 will include upstream opportuni es,
linkage industry opportuni es, gas and
downstream opportuni es, financing and
investment, environmental, social and
government (ESG) and sustainable and regional
opportuni es with members of the African
Petroleum Producers Organisa on, (APPO). Other
topics will include topical and challenging issues
currently facing the oil and gas industry, with the
goal of finding las ng solu ons in the industry.
The event will be a ended by both government
and private organisa ons, which would come
from interna onal and indigenous oil and gas
companies, federal government agencies,
financial sector and linkage industries.
The event will begin with registra on of guests on
the 17th May, and the day will close with a
networking cocktail. The second day will feature
the opening ceremony and would have speeches,
goodwill messages and addresses from leaders of
the industry and the host governor.
The event will con nue with presenta ons from
opera ng companies, interna onal
finance ins tu ons, key players in the
i n d u stry a n d re l e va n t g o v e r n m e n t
ins tu ons. Delegates at the event will be
entertained with performances from A-list
musicians at the gala and award night that
would hold in the evening of Thursday, 18th
May.
The event would end on Friday evening with
presenta ons, technical and opportunity
sessions and would have other ac vi es like
exhibi ons and opportuni es for mee ngs
by interested companies and individuals.
Who should a end
3Upstream - IOCs, Independents and MFOs,
DPR, NAPIMS, NipeX, etc.
3 M i d s t r e a m - N L N G , R e fi n e r i e s ,
P e t r o c h e m i c a l s , G a s g a t h e r i n g
distribu on/power.
3Downstream - Tank farms/Product
distribu ons companies, LPGs, Lubricant
blending companies etc
3Interna onal And Nigerian Oil Service
Companies
3Federal Ministries – Petroleum Resources,
Environment, Trade And Investment, Etc.
3Nigerian Ports Authority
3Petroleum Trust Development Fund
3Government Agencies/ Regulators and
Legislators
Oil and Gas Professional Bodies and
Associa ons – PETAN, OGTAN, etc
3Manufacturing Companies
3Na onal, State and other Chambers of
Commerce
3Environmental and Waste Management
Companies
3Construc on Companies
3Foreign Investors
3Financial services and banking sector
57 09 22 67
THE ENERGY REPUBLIC I SPECIAL EDITION

Technip Energies has announced
that – following a successful sea
trials campaign – the bp's Greater
To r t u e A h m e y i m ( G TA ) F l o a n g
Produc on Storage and Offloading
(FPSO) sailed away from China to Senegal
and Mauritania via Singapore on January
20.
The FPSO will serve GTA Phase 1 site on
the mari me border of Mauritania and
Senegal for the GTA phase 1. The floa ng
facility measures 270 meters in length, 54
meters in width and 31.5 meters in depth.
It is as large as two football fields
and is of the same height as a 10-floor building.
The FPSO includes eight processing and
produc on modules and can accommodate
140 people on board. The key func on of the
FPSO is to remove water, condensate and
reduce impuri es in the gas stream before
expor ng processed gas to the FLNG facility in
Mauritania and Senegal.
Marco Villa, COO of Technip Energies,
commented: “This is a significant milestone
that demonstrates our project execu on
excellence with the highest standards of safety
and quality. We would like to thank bp and
AFRICAN ENERGY STORIES
bp's Greater Tortue Ahmeyim FPSO en route to Senegal
and Mauritania Project Sites
their partners for their trust and we are looking
forward to con nuing the GTA FPSO journey with
the next phases of the project taking place in
Senegal and Mauritania.”
Technip Energies was awarded a contract by bp
for the Engineering, Procurement, Construc on,
Installa on and Commissioning (EPCIC) in 2019
for the GTA FPSO, following the execu on of the
Front-End Engineering and Design (FEED) by
Technip Energies.
As part of the project local content, Technip
Energies has involved local companies to execute
scopes of the project. Technip Energies will also
integrate local personnel into the subsequent
phases of the project.
Eni Commences Second FLNG Project in Congo to
Increase LNG production and Export
Global energy major, Eni, has
announced the launch of a second
floa ng liquefied natural gas
facility offshore the Republic of Congo in a
move set to amplify the country’s LNG
produc on and exports. The Republic of
the Congo is taking the lead, driving an
ambi ous gas mone za on agenda led
by the Minister of Hydrocarbon, H.E.
Bruno Jean-Richard Itoua.
Eni's second FLNG project in Congo is set
to significantly increase the produc on and
exporta on of liquefied natural gas (LNG).
With a capacity to produce 2.4 million tons per
annum (mtpa) of LNG, the facility represents
part of the wider Marine XII gas valoriza on
plan, and is set to increase LNG produc on on
Marine XII to three mtpa by as early as 2025.
Under the country’s broader Gas Master Plan –
a na onal framework developed by the
Ministry of Hydrocarbons and Wood
Mackenzie and guided by the SNPC that lays the
founda on for the promo on of gas u liza on
and the a rac on of foreign direct investment –
the Republic of the Congo has priori zed an
enabling environment, making a strong case for
project launches, investment commitments and
interna onal partnerships.
In this regard, other African countries should
follow suite, as the country serves as a
benchmark for other gas-rich na ons across the
con nent.
Sonangol Launches Tender for Petroleum Products Supplier
Angola’s na onal oil company
Sonangol has launched an
i nterna o n a l tender to 2 1
companies for the supply of refined
petroleum products.
As a result, Angola has been spearheading the
large-scale expansion of its downstream sector,
which involves the construc on of several
planned refineries and addi on of 360,000
barrels per day of new refining capacity.
L a u n c h e d o n 6 J a n u a r y , t h e
announcement comes as Angola targets
measures aimed at mee ng domes c
demand for petroleum and diesel fuels
from the period of 1 April 2023 to 31
March 2024.
"21 companies were invited from which
the winner will be selected to supply oil
by-products using the Delivery At Place
system (DAP) in Luanda to replace the
current supplier whose contract ends on
31 March," Sonangol indicated in a
statement.
The winner of the tender will help meet
the country’s growing demand for gasoline and
diesel for the period between April 1, 2023 and
March 31, 2024.
Despite being one of the largest oil producers
on the con nent, Angola’s current produc on
of refined petroleum products meets less than
one-third of its domes c demand, with the
country’s refining capacity remaining severely
underserved.
Commi ed to reducing its dependence on
refined oil imports, Angola has set targets to
increase the internal produc on capacity of oil
and oil-related products and to start expor ng
refined crude.
Inaugurated in 2022, the Luanda Refinery, with a
capacity to produce 1.5 million liters of gasoline
per day, serves as the first of four ongoing refinery
projects in the country, along with the Cabinda,
and Soyo crude oil refineries.
66
THE ENERGY REPUBLIC I SPECIAL EDITION

AFRICAN ENERGY
Sierra Leone Seeks Investors to Explore the Country’s
Upstream Potential
Director General of the Petroleum
Directorate of Sierra Leone, Foday
B. L. Mansaray, has implored
investors to explore the country’s
upstream poten al during the Invest in
African Energy recep on held recently in
London, organized by the African Energy
Chamber.
Having launched its fi h licensing round
in 2022, Sierra Leone seeks to advance its
oil and gas sector, offering over 63,000
square kilometers of highly prospec ve
acreage, with which the Petroleum
Directorate has invited investors to
engage through the block and technical
data acquisi on.
The West African country is home to a
working petroleum system that was
supported by small-scale oil and gas
discoveries, including
the Venus-B1, Mercury-1, and Jupiter-1 wells
by Anadarko and the Savannah-1X well by
Lukoil. Oil and gas explora on in the country
began nearly four decades ago with the drilling
of two wildcat explora on wells but was put on
pause around 2015/2016.
For its part, Sierra Leone’s Petroleum
Directorate operates under the mandate to
unlock the full poten al of its na onal
hydrocarbon resources, regula ng the
explora on and produc on of affordable,
reliable, and cleaner energy across Sierra
Leone. In a bid to a ract investors, Mansaray
stated that Sierra Leone offers access to
acreage, compe ve fiscal condi ons, a
transparent and stable government, highquality
data with reprocessing, and world-class
conjugate discoveries.
“The response from investors [to our fi h
licensing round] has been excellent and is part of
the reason we extended the deadline. We like to
think of IOCs as partners and not investors. We try
to integrate into their opera ons. We’ve tried to
eliminate the red tape. It currently takes 85 days
from applica on to licensing,” stated Mansaray.
Sierra Leone’s Petroleum Directorate recently
signed a coopera on agreement with Angola’s
Na onal Agency for Oil, Gas, and Biofuels, with a
view to establishing a shared commitment to
promo ng and intensifying collabora on across
the oil and gas sector. The MOU served to outline
opportuni es for bilateral trade & investment;
posi on oil and gas coopera on as mutually
beneficial economically, technologically, socially,
and environmentally for both countries; and
reaffirm stronger economic, cultural, and social
es between Angola and Sierra Leone.
Sonatrach, Eni Sign Strategic Agreements for Joint
Projects Development in Algeria
Algeria’s na onal oil company
Sonatrach signed two agreements
with global energy major Eni that
would see the two companies undertake
a series of joint projects covering energy
s e c u r i t y, e n e r g y t r a n s i o n a n d
decarboniza on
Signed by Claudio Descalzi, CEO of Eni and
Toufik Hakkar, CEO of Sonatrach, in the
presence of H.E Abdelmadjid Tebboune,
President of the Republic of Algeria and
H.E Giorgia Meloni, Prime Minister of
Italy, the two agreements will pave the
way for the two companies to enhance
coopera on on energy developments to
ensure energy security.
As per the terms of the agreements, Eni and
Sonatrach will co-conduct renewable energy,
green hydrogen and carbon dioxide capture
and storage projects to expand the country’s
power genera on por olio while ensuring the
reduc on of greenhouse gas and methane
emissions in pursuit of an inclusive energy
transi on.
The two par es will also cooperate on
maximizing energy exports from Algeria to
meet growing energy demand in Europe, a
development which also will drive Algeria’s
energy mone za on agenda and accelerate
gross domes c product growth.
According to Eni CEO Claudio Descalzi, “These
agreements bear witness to our commitment to
ensuring Italy’s security of supply while at the
same me pursuing our decarboniza on
objec ves. The partnership between Italy and
Algeria gets stronger today, and Algeria’s key role
as one of Europe’s main energy suppliers is
confirmed”.
The signing of the agreements follows Sonatrach
signing a deal with Italy to supply the country
with 300 million cubic meters of gas in 2022, as
well as a $405 million agreement signed with
SNAM that would see Eni maximizing the Trans-
Tunisian and the Trans-Mediterranean Pipelines
which runs from Algeria to Europe.
69
THE ENERGY REPUBLIC I SPECIAL EDITION

AFRICAN ENERGY
Chief Timipre Sylva
Maggy Shino, Petroleum Commissioner of Namibia’s Ministry of Mines and Energy
Namibia To Develop Multi-billion Dollar Funding Model
For Hydrogen Production, Hydrocarbon Investment
T
he Namibian government is
developing a financing
infrastructure model as part of its
strategy to boost hydrogen produc on as
well as a ract investment in the country's
hydrocarbon industry, including other byproducts
such as ammonia, methane, and
jet fuel.
Maggy Shino, Petroleum Commissioner
of Namibia’s Ministry of Mines and
Energy made this known during her
presenta on at the Invest in African
Energy recep on 2023, hosted by the
African Energy Chamber in London
recently under the theme, "Namibia:
Beyond Venus and Graff".
Last year February, both Shell, and
TotalEnergies and their joint venture
partners led commercial discoveries of
light oil in the Graff-1 well and Venus-1X
wildcat well, respec vely, with combined
volumes of 835 million barrels – with
even more scope of increasing volumes to
one billion barrels due to Venus’
prospec vity.
However, one of the country’s most
prolific assets is the Kudu Conven onal
Gas Field, operated by BW Kudu and
currently in its feed stage, with
commercial produc on set to start in
2024. Comprising nearly 600 billion cubic
feet of natural gas reserves, the
development is expected to reach peak
produc on of 64 million cubic feet per
day.
Exemplifying Namibia’s integrated energy
strategy, the project not only leverages
exis ng infrastructure and targets regional energy
security, but also supports energy transi on
solu ons and provides for baseload power
enabling renewable energy IPPs.
“The beauty of Namibia is that it will give you the
opportunity of a life me. Kudu is the only field
able to give you the solu ons that you need. The
product is ready,” stated Shino, while speaking to
investors at the event. “It will give you a clean
energy solu on amid the energy transi on.”
More so, Namibia is expected to become a leading
player and regional hydrogen ecosystem, with
compe ve produc on costs – es mated as low
as two dollars per kilogram – that make it an
a rac ve partner for energy-hungry countries in
the midst of the energy transi on. As a result of
hydrogen produc on, Namibia could boost its
GDP by $15-20 billion per year, create over
100,000 domes c jobs, export 14 GW of clean
power to the Southern African Power Pool and
reduce GHG emissions by 45-60 million tons of
carbon dioxide equivalent per year by 2040.
Home to co-located onshore solar and wind
power poten al, as well as abundant pla num
group metals, Namibia aims to u lize hydrogen as
a building block for associated downstream
industries and by-products, including ammonia,
methane, and jet-fuel.
“Hydrogen creates an opportunity for Africa like
no other,” said James Mnyupe, Presiden al
Economic Advisor of Namibia, no ng that
hydrogen produc on represents a “$100-billion
opportunity for Africa in the next decade.”
In terms of incen vizing investors, Mnyupe noted:
“We’ve tried to make it simple for all interested
investors. We’ve put together a blended
financing infrastructure pla orm – possibly
the first of its kind in Africa. We are going to
build a one-billion-dollar fund that will be
inves ng in all pieces of hydrogen
infrastructure – pipelines, transmission lines,
and so forth.”
Namibia has become an emerging producer
uniquely implemen ng an integrated
hydrocarbon strategy that seeks to achieve
first oil, while priori zing the global energy
transi on and a diversified energy matrix,
with two discoveries in 2022 posi oning the
country at the forefront of Africa’s upstream
revival.
According to report, Namibia intends to be
able to export green hydrogen even before
2025. Due to the country’s low popula on
density and moderate popula on growth,
Namibia will be able to meet its own demand
for renewable energy and green hydrogen
quickly and thus cross the export threshold
rela vely fast.
Capacity and Price
The new Namibian green hydrogen strategy
targets a produc on of 10-12 million tonnes
per annum hydrogen equivalent by 2050. The
electrolyser capacity target for the Hyphen
Tsau Khaeb project is 3 GW. McKinsey
es mates that Namibia could be producing
green hydrogen at US$1.5/kg by 2030.
The Namibian Government is also invi ng
new entrants to accelerate explora on of its
Orange Basin – home to a proven working
petroleum system with five wells commi ed
to date – offering an open licensing regime
and availability of high-quality data.
57 09 22 70
THE ENERGY REPUBLIC I SPECIAL EDITION

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In the fight against climate change Germany has one main destination: Hydrogen
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production not yet cost effective without subsidies, private investment lacking and
industries still dependent on oil & gas. Though the importance of hydrogen is
undisputed - it is the "how?", "when?" and for "how much?" that is still being
discussed and discovered.
Various African countries have created coalitions, pledged to become producers of
green hydrogen and are well positioned to be one of Europe's main partners. The
major goal is to build an African hydrogen market that is competitive, productive
and integrated. But who are the first movers? How and where will we build the
necessary infrastructure? What about the logistics? What role will transition
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hand with development in Africa? And last but not least: how can we achieve the
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These and more questions will be discussed with German and African leaders in
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BUILDING NETWORKS: THE POWER OF SHARED TASKS
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2 conference days
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industry leaders,
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change makers

AFRICAN ENERGY
Shell and QatarEnergy Discover New Deepwater
Oil Offshore Namibia
O
il major Shell and state-owned
QatarEnergy (QE) have made a
new oil discovery at a deepwater
explora on well around 270km offshore
Namibia, the country’s third in just over a
year.
The “light oil” discovery in the PEL-39
licence in the Orange Basin offshore
southern Namibia was announced by QE,
which holds a 45pc non-opera ng
interest in the block, and Namibia’s stateowned
Namcor, which holds a 10pc stake.
Shell, which operates the licence with a
45pc share, has yet to make an
announcement.
QE said the discovery was made at the
Jonker-1X deepwater well, which was
drilled in water depths of around 2,200m.
Drilling work began at the well in December
and concluded several days ago, QE said.
Neither QE nor Namcor have issued a reserve
es mate, saying further appraisal work is
needed s ll to determine the size and poten al
of the find. The news cements Namibia’s
reputa on as a fron er explora on hotspot. It
is the third oil discovery in the space of a year.
The other two were also in the Orange Basin,
which extends from southern Namibia to the
east coast of South Africa.
The same consor um reported a discovery at
the Graff-1 well, also in the PEL-39 licence, in
early February 2022. A different consor um —
comprising TotalEnergies, QE, UK-based
independent Impact Oil and Gas and Namcor,
announced a separate light oil discovery at the
Venus 1-X well a few weeks later in the PEL-56
licence.
The Jonker find comes less than two weeks a er
TotalEnergies said it would begin a mul -well
drilling campaign to appraise the Venus
discovery.
TotalEnergies said it plans to spend half of its
2023 explora on budget in Namibia. The
company has previously indicated that Venus
could hold at least 5bn bl of oil equivalent (boe) of
recoverable oil and gas. Consultancy Wood
Mackenzie has es mated it could hold as much as
6bn bl of oil, and possibly double that if the
appraisal drilling yields posi ve results.
TotalEnergies holds a 40pc opera ng interest in
the PEL-56 licence, with QE, Impact Oil and Gas
and Namcor holding 30pc, 20pc and 10pc stakes,
respec vely. If successful, the Venus drilling
campaign will result in two poten ally fully
appraised early produc on centres, Impact Oil
and Gas said.
Tanzania, Shell, Equinor Completes Negotiations on
$30 Billion LNG Project
N
ego a ons for the construc on of
a $30 billion liquefied natural gas
(LNG) terminal between the
Government of Tanzania, Equinor and
Shell are complete and contract
prepara ons are underway, Tanzania's
energy ministry said.
The development of Tanzania's vast
offshore gas resources has been held up
for years due to regulatory delays.
Last June, all three par es involved signed
a framework agreement aimed at
bringing closer the start of the project's
construc on. The government aims to
reach a final investment decision in 2025
for the facility.
"Minister January Makamba said nego a ons
on the construc on of the LNG project were
complete, and now experts are at work
dra ing contracts," the energy ministry said on
its Twi er account late Monday.
"Of these contracts, one is about the Host
Government Agreement and another is on
joining blocks 1, 2 and 4, which will provide
natural gas for the LNG project," it said without
giving a meline for when the contracts will be
signed.
Shell operates Tanzania's Block 1 and Block 4,
which hold 16 trillion cubic feet in es mated
recoverable gas.
Norwegian oil and gas producer Equinor also
operates Block 2, in which ExxonMobil (XOM.N)
holds a stake and which is es mated to hold more
than 20 trillion cubic feet of gas.
Equinor and Shell, along with Exxon Mobil, Ophir
Energy and Pavilion Energy, plan to build the LNG
plant in Tanzania's south east Lindi region.
Tanzania already uses some of its natural gas
discoveries for power genera on and to run
manufacturing plants. It also plans to build a
fer liser plant.
The government has put the country's total
es mated recoverable gas at 57.54 trillion cubic
feet, as of June 2022.
72
THE ENERGY REPUBLIC I SPECIAL EDITION

AFRICAN ENERGY STORIES
plants, and ancillary ac vi es. Through the
explora on and mone za on of its gas reserves,
Senegal hopes to establish itself as a
petrochemical and mining hub, with the West
African na on also home to between 500 million
and one billion tons of phosphates reserves and
630 million tons of proven iron ore reserves.
Mamadou Fall Kane, Deputy Permanent Secretary of COS Petrogaz
Petrogaz Outlines Senegal's Energy,
Oil & Gas Potentials With Positive
Outlook in 2023
Explora on, associated services,
and energy transi on
opportuni es in Senegal were
unpacked at the Invest in African Energy
Recep on in London on January 26 –
organized by the African Energy Chamber
– during a presenta on from Mamadou
Fall Kane, Deputy Permanent Secretary of
COS Petrogaz, tled, First Gas: Senegal’s
Energy Future.
Created in 2016, COS Petrogaz serves to
define, implement and monitor the
country’s hydrocarbon sector strategy,
with a view to ensuring the successful
development of its oil and gas projects.
Senegal holds substan al oil and natural
gas reserves – es mated at 1.03 billion
barrels and 910 billion cubic meters,
respec vely – along with a high poten al
for renewable energy and a geostrategic
loca on on Africa’s western coastline.
With megaprojects including the
Sangomar Field Development, Greater
Tortue Ahmeyim Liquefied Natural Gas,
and the Yakaar-Teranga Development set
to come online between now and 2025,
the presenta on iden fied opportuni es
across the en re value chain of these
projects for oil and gas field services,
including drilling contracts, produc on,
and maintenance.
“The quality of Senegal gas meets all
expecta ons.
In addi on, this me next year, Senegal will
become an oil producer, producing 100,000
barrels of oil from the Woodside-operated
Sangomar project,” noted Fall Kane.
Addi onal upstream opportuni es include 12
blocks currently open for licensing and located
around the exis ng Rufisque Offshore Profond
(ROP) and Ultra Deep Offshore (UDO)
explora on ac vi es, available for block
acquisi on, farm-in, surveying, seismic data
acquisi on and interpreta on, civil works, and
related subcontrac ng. For both major and
junior explorers alike, Senegal offers a long
history of explora on, a wealth of geological
and seismic data of its basins, an a rac ve
fiscal framework, and a stable na onal oil
company, Petrosen, leading the sector.
“Next year, our growth rate is expected to be
10%, which is to say there is a significant
transforma on in the country. This is the me
to invest,” Fall Kane stated.
The presenta on also showcased Senegal’s
gas-to-power strategy, which aims to provide
reliable and affordable energy, specifically
through the first phase of Yakaar-Teranga
which will supply gas for power genera on to
t h e d o m e s c m a r k e t . I n v e s t m e n t
opportuni es within Senegal’s natural gas
value chain include the construc on of gas
infrastructure, conversion of oil power plants,
construc on of new gas-fired power
Furthermore, Senegal is currently on the edge of
transforma on, as it prepares for first gas from
the first phase of the bp-operated GTA
development straddling its mari me border with
Mauritania. Containing up to 15 trillion cubic feet
of gas available for exploita on over a 30-year
period, the project u lizes a floa ng liquefied
natural gas (LNG) facility designed to supply
approximately 2.5 million tonnes of LNG per year,
with a view to driving energy security in both
countries and ushering in a new era of economic
growth through energy mone za on and
exports. Senegal is also set to produce first
commercial oil through its Sangomar Field
Development Phase 1 – the country’s first
offshore oil project – which is an cipated to enter
into produc on in late-2023. Operated by
Woodside Energy, the field – which is located in
the Rufisque, Sangomar and Sangomar Deep
Blocks – is es mated to hold 230 million barrels of
crude oil and is expected to produce 100,000
barrels per day.
In terms of the energy transi on, Senegal holds
significant solar (>240 MW per km2), wind (>350
MW per km2), and hydropower poten al (>1,400
MW). By harnessing its renewable resources,
Senegal also carries the poten al to become a
major producer and exporter of hydrogen and
low-carbon ammonia, genera ng green solu ons
in agriculture, chemicals, mari me transport,
and the produc on of sustainable steel.
His Excellency President Sall has played a pivotal
role in fast-tracking energy development since his
appointment in 2012 and subsequent series of
world-class oil and gas discoveries made in
Senegal between 2014 and 2017, by crea ng an
enabling environment for business to succeed,
adop ng a new hydrocarbons code and a rac ng
sizable foreign direct investments, while s ll
providing for a strong local capacity component.
73
OIL AND GAS REPUBLIC I SPECIAL EDITION

AFRICAN ENERGY
Ghana's Energy Minister Unveils Opportunities in
Upstream Sector
G
interest in deep-water explora on in Ghana.
hana's Energy Minister, Dr.
Ma hew Opoku Prempeh has said
that the country's upstream sector
is ready for massive investment. The
Minister, who led the Ghanaian
delega on to a strategic roadshow event
at the Cavendish Conference Centre in
London recently, has invited investors in
London to visit Ghana and take advantage
of the numerous opportuni es in Ghana’s
upstream petroleum industry.
According to the Minister, the Deep-
Water Cape Three Points Block, Offshore
Cape Three Points South Block, Shallow
Water Cape Three Points Block and
Southwest Saltpond Block are the six
ava i l a b l e o i l b l o c ks fo r m a s s i ve
investment. They also include the
Offshore Cape Three Points South
(OCTPS) Block and the Expanded Shallow
Water Tano (ESWT) Block.
Dr Prempeh asserted that Ghana has four
sedimentary basins of significance to oil
and gas namely; Western, Central,
Eastern and the Voltaian. He said the
Western basin has Ghana’s three ac vely
producing deep-water oil and gas fields.
He added that the Voltaian Basin was
onshore and the remaining two are
largely offshore. Most parts of the
offshore basins are open for E&P
ac vi es.
“GNPC is currently exploring the Voltaian
Basin to establish its prospects, following
which the basin will be open to investors,”
he said.
The Minister also said that the Jubilee
Field was Ghana’s first commercial deepwater
discovery, heightening investor
“We accelerated the development of the
Jubilee Field and the first commercial oil
produc on began in December 2010, just 40
months a er discovery,” he stated.
He added that “Two new fields (Tweneboa-
Enyenra-Ntomme (TEN) Field and Sankofa –
Gye Nyame Field) have since been brought
onstream for produc on in 2016 and 2017
respec vely. The three producing fields
currently provide an average daily produc on
of about 150,000 bbl./d from a peak
produc on rate of approximately 200,000
bbl./d.”
“Three of the six available blocks are available
for farm-in opportuni es. These are Expanded
Shallow Water Tano (ESWT) currently operated
by Base Energy Ghana Limited and Deep-
Water Cape Three Points (DWCTP) originally
operated by ExxonMobil, but now operated by
Goil Upstream Limited. The third of these is the
Offshore South-West Tano, operated by OSWT
& EK Opera ng Company Limited” he noted.
Dr Prempeh went on to state that Ghana has a
stable poli cal and business climate, a highly
prospec ve sedimentary basin with a high
explora on success rate, guaranteed and
a rac ve fiscal terms and a well-defined legal
and regulatory framework.
He also emphasized the existence of an
exis ng architecture to support infrastructureled
explora on, which reduces the me
between explora on and produc on. As a
result, he urged investors to find a local partner
in Ghana.
Ghana has emerged as a significant oil and gas
producer and there is an immediate need for oil
and gas service firms that are able to partner with
indigenous Ghanaian companies to support the
offshore ac vi es of the interna onal oil
companies. Domes c Ghanaian companies do
not have the ability to provide a broad range of
services despite local content requirements
m a n d a n g a m i n i m u m l e v e l o f l o c a l
par cipa on. Joint-venture firms with foreign
partners contribu ng technology and know-how
to a partnership with a reliable local company are
highly sought-a er.
Other Opportuni es:
3Providing equipment and services directly to
the explora on and produc on companies,
training programs to increase the capacity of
Ghanaian firms to provide these services are
likely to be highly successful.
3The development of farm-ins or deals where a
company, not at present a licensee on a par cular
licensed area, can acquire an interest from one of
the exis ng licensees.
3Development of infrastructure in the natural
gas sector in projects such as the Western
Corridor Gas Infrastructure Development Project
(WCGIDP)
3Upgrade the gas processing plants’ capacity to
300 million standard cubic feet per day (MMSFD)
as part of the Phase Two of WCGIDP.
3Liquid natural gas and liquid petroleum gasrelated
projects and infrastructure.
3The Government has provided land and basic
infrastructure such as roads, water, and
electricity, but requires private sector
par cipa on to develop a facility within the
Petroleum Hub Development Authority.
3Tank farms to be constructed for storage of
crude and other refined products.
3Construc on of more je es with mul ple
berths.
3Petrochemical plants to be constructed to
produce fer lizer such as ammonia and urea.
74
THE ENERGY REPUBLIC I SPECIAL EDITION

AFRICAN ENERGY
GECF Launches 7th Edition of Global Gas Outlook 2050,
Highlights Africa’s Industry Growth Trends
The Gas Expor ng Countries Forum (GECF) has launched the
latest edi on of its annual Global Gas Outlook 2050 (Outlook),
in the presence of the 2023 President of the GECF, HE Gabriel
M. Obiang Lima, Minister of Mines and Hydrocarbons, Republic of
Equatorial Guinea.
THE KEY FINDINGS SHOW THAT BY 2050:
Global GDP will more than double, from US$ 95
trillion today to US$ 210 trillion in real term
HE Lima said: “The GECF Global Gas Outlook 2050, has become over
the years an essen al consulta on tool for the natural gas industry,
governments, academic ins tu ons such as universi es and for the
general public, which makes me congratulate the en re GECF team
that has worked for the edi on of this consulta on and management
tool.”
HE Eng. Mohamed Hamel, Secretary General of the GECF, emphasised
that all energy sources and technologies will be required to sa sfy the
world’s growing energy needs, while improving air quality and
reducing greenhouse gas emissions.
HE Hamel said: “The uncertain es have never been so large, and the
challenges so profound. What is nevertheless clearer, and more
crucial, is the energy trilemma: how to ensure a secure, affordable,
and sustainable energy system over the short- to long-term? What
steps should be taken to ensure that energy is available for socioeconomic
development, while concurrently protec ng the
environment?”
The Outlook seeks to answer these pressing ques ons by examining
the global and regional economic growth prospects, demand and
supply of energy, natural gas trade and investment, the effects of
policies, technological developments, and various other drivers.
Meanwhile, the two newly-developed alterna ve energy scenarios of
Energy Sustainability Scenario and Accelerated Energy
Decarbonisa on Scenario consider ending energy poverty and
promo ng economic growth in Africa, and possible pathways for
faster global decarbonisa on, respec vely.
In an ar cle published by Energy Capital & Power from GECF 2050 Gas
Outlook, it revealed that Africa will record a 2.1%
6
7
8
9
10
Popula on growth will see 1.8 billion addi onal
people in 2050 with most of this rise taking place
in Africa and the Asia Pacific
Energy demand is expected to rise by 22% by 2050
Natural gas’ share in the energy mix will go from
23% today to 26% in 2050
Natural gas supply will increase by 36%
Natural gas trade will expand by more than a
third, led by LNG, which will overtake pipeline
trade by 2026
Upstream investment required over the forecast
period is a he y US$ 9.7 trillion
Africa will record a 2.1% annual increase in its
popula on through 2050, the con nent’s demand
for energy will rise by 82% by 2050.
Africa will record a 2.1% annual increase in its
popula on through 2050, the con nent’s demand
for energy will rise by 82% by 2050.
Africa’s natural gas produc on to increase from
260 billion cubic meters (bcm) in 2021 to 585 bcm
by 2050
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THE ENERGY REPUBLIC I SPECIAL EDITION

AFRICAN ENERGY STORIES
annual increase in its popula on
through 2050, the con nent ’s
demand for energy will rise by 82% by
2050. The study states that gas will
account for 30% of Africa’s energy mix
b y 2 0 5 0 a n d t o g e t h e r w i t h
renewables will be crucial in driving
energy access across the con nent.
The GECF further predicts Africa’s
natural gas produc on to increase
from 260 billion cubic meters (bcm) in
2021 to 585 bcm by 2050, owing to
energy security, affordability and
reliability on the back of maximal
exploita on of local energy resources
becoming the top concerns for
African policymakers.
However, with limited investments
across the industry disrup ng growth
over the past few years, the GECF
report highlights that Africa will need
t o s e e u p t o $ 1 . 7 t r i l l i o n i n
investments being made towards
upstream ac vi es for the con nent
to achieve a produc on rate of 585
bcm by 2030.
The report adds that with an
increasing number of African
c o u n t r i e s d e v e l o p i n g e n e rg y
strategies which are based on natural
gas and renewables to address
energy poverty and economic
expansion, the share of Africa’s gas
sector on the global market will
expand to over 11% of all gas supplies
by 2050, with the majority of the
supply set to be directed towards
power genera on.
”While global gas trade is expected to
rise by 36% through 2050, driven by
increases in LNG trading, Africa is set
to record a significant increase in
pipelines, liquefied natural gas and
regasifica on spending through
2050,” said HE Eng. Mohamed Hamel,
Secretary General of the GECF.
A d d i o n a l l y, w h i l e e n e r g y
mone za on is a top priority for
Africa to expand gross domes c
product (GDP), the trading of gas will
be crucial in helping the con nent to
ensure the availability of energy
investments and capital to drive
social development projects. The
GECF an cipates Africa’s GDP to rise
from $2.5 trillion in 2021 to $7.1
trillion by 2050.
WeLight Raises 19 Million from EU
Financial Institutions to Electrify
120 Villages in Madagascar
E
uropean Investment Bank (EIB), Triodos
Investment Management and EDFI
ElectriFI has allocated their new
collec ve investment of €19 million to support
WeLight Madagascar’s €28 million project in
Madagascar. The investment will enable
WeLight to build and develop solar mini-grids
to supply electricity to over 120 villages in
Madagascar which currently have no access to
the electricity grid. The funding will be
combined with €9 million in loans which
WeLight will source from its shareholders –
AXIAN Group, Sagemcom and Norfund.
The new mini-grids will provide residents in
off-grid rural villages access to clean and
affordable energy. Alongside homes and
businesses, the project will benefit schools,
h e a l t h c e n t r e s a n d p u b l i c s p a c e s ,
strengthening the local economy and
improving health, security and educa on.
Made up of a solar power plant and energy
storage system, a distribu on line and a meter
for each customer, a mini-grid can supply
electricity 24 hours a day, seven days a week.
The 120 addi onal villages cover 17 regions
and were selected thanks to outstanding work
with Madagascar’s Ministry of Energy and the
Agency for the Development of Rural
Electrifica on (ADER).
At present around a quarter of the popula on
in Madagascar has access to electricity. Offgrid
solar technology has proven to be a fast
and effec ve solu on to accelerate economic
growth and sustainable development in regions
where connec on to the grid is s ll challenging.
Romain de Villeneuve, Chief Execu ve Officer of
WeLight Madagascar, stated that the project will
“posi vely impact hundreds of thousands of
people, greatly enhancing living standards, the
local economy and people’s well-being. WeLight
has already deployed its solu ons in more than
40 rural communi es.”
EIB Vice-President Ambroise Fayolle, added that
EIB’s backing of the project in Madagascar
represents part of the group’s commitment to
contribu ng towards scaling up solar mini grid
deployment in Africa to mi gate climate change,
with the bank having funded projects in Benin,
Chad, the Comoro Islands, Mozambique and
Uganda.
Thanks to the support of these partners and with
AXIAN Group, Sagemcom and Norfund as its
shareholders, and through the opera onal
excellence developed to serve customers,
WeLight will pursue its growth in Madagascar and
in other countries in Sub-Saharan Africa where
such types of needs are s ll not answered.
76
THE ENERGY REPUBLIC I SPECIAL EDITION

Gas Expor ng
Countries Forum
Member Countries
Observers

AFRICAN ENERGY
Burkina Faso
Launches
Africa UN-Led
Minigrids
Program
For Rural
Electrication
The Africa Minigrids Program (AMP)
recently launched in Burkina Faso as
the country aims to increase rural
electrifica on through access to solar
energy.
Reports say just about 10% of the
popula on in the country’s rural areas has
access to electricity, out of a total
popula on of over 22 million.
The collaborators on the project include,
United Na ons Development Programme
(UNDP), the ministry of energy, mines and
quarries (MEMC) of Burkina Faso, and the
Global Environment Facility (GEF).
The UNDP-led program will run in the
country ll January 2027 for a total cost of
1,086,476,580 CFA francs (USD1.75
million).
The AMP na onal project in Burkina Faso
aims to increase access to clean energy by
promo ng large-scale commercial investment
in solar photovoltaic mini-grids in the West
African na on.
The AMP project will primarily focus on
enabling innova on and technology transfers
in decentralized solar energy distribu on as
well as ba ery storage solu ons.
The country’s rural electrifica on agency said
the AMP project is being implemented by the
Agence Burkinabè de l’Electrifica on Rurale
(ABER).
The program supports Burkina Faso’s COVID-
19 recovery efforts and strengthens the
resilience of underserved communi es. ABER
will implement the mini-grids program
through several components. This includes
policy and regula on, innova on and private
sector business models, large-scale financing,
use of digital tools & solu ons, knowledge
management, and evalua on of the projects.
The model of the program is developed such
that it will enable removing the poli cal and
ins tu onal obstacles that may hinder
investments in renewable energy mini-grids.
mercial viability of the mini-grid market.
The mechanism facilitates access to low-cost
commercial capital including equity and debt
in local currency. This will reduce mini-grid
costs and ensure the long-term com
Although the overall electrifica on rate has
already increased in Burkina Faso over recent
years, the rate has remained low due to the
costly electrifica on method. The rise of digital
technologies and the adop on of the privatesector
business model have made solarba
ery mini-grids to become a compe ve
op on to provide electricity to off-grid areas in
the country.
T h e p ro j e c t w i l l b e a c v e i n s e v e n
municipali es across several regions including
the Boucle du Mouhoun, Cascades, Center,
Center-Nord, Center-Est, Nord, and Plateau-
Central. The mini-grid program is expected to
significantly contribute to the country’s rural
electrifica on efforts.
The UNDP-led program will run in the country
ll January 2027 for a total cost of
1,086,476,580 CFA francs (USD1.75 million).
UNDP es mates that mini-grids are the leastcost
op on to provide electricity to nearly 265
million people in 21 countries where the AMP
project is implemented, for a total investment
opportunity of $USD 65 billion.
The program was launched in Somalia earlier
this month, with addi onal na onal projects
to start implementa on in Africa throughout
the year.
World Bank Advances $64m For Solar Energy And Electricity
Storage In Togo
public ligh ng.
The World Bank has announced the
advancement of $64.2 million
financing for the electrifica on of
at least 60 locali es as part of projects
ini ated the World Bank.
The $64 million financing agreement was
signed between Sani Yaya, Togo’s minister
of economy and finance, and Coralie
Gevers, the World Bank’s director of
opera ons for Togo.
The funding will enable the installa on of
1,858 street lamps for public ligh ng and
the electricity of 12,100 homes in rural
areas.
It was explained that the funding is part of
a $311 million package commi ed
by the World Bank under the Regional Solar
Emergency Response Project (RESPIT).
The ini a ve aims to “rapidly” increase gridconnected
renewable energy capacity and
strengthen regional integra on in a number of
countries, including, Togo, Chad, Liberia and
Sierra Leone.
According to the plan, Respit will build a 25
MWp solar photovoltaic power plant in
Dalwak, near the northern town of Dapaong
on the border with Burkina Faso.
The plant will be equipped with a 40 MWh
ba ery storage system, which will allow the
electrifica on of 60 locali es in northern Togo.
In rural areas, the World Bank financing will
allow the electrifica on of 12,100 households
and the installa on of 1,858 street lamps for
According to the Togolese government, Respit
will “accelerate the achievement of the
electrifica on strategy objec ves set out in the
Roadmap 2025, notably universal access to
electricity by 2030”.
Lomé alone is aiming for a 75% electrifica on
rate by 2025. In Liberia, where Respit was
recently launched with $96 million in World
Bank funding, a 60 MWp solar photovoltaic
plant will be built near the Mount Coffee
hydroelectric dam in Montserrado County.
78
THE ENERGY REPUBLIC I SPECIAL EDITION

An indigenous Cameroonian energy company that provides
specialized and innovative services in the oil, gas, solar energy,
and mining industries.
Our Core Activities
Marine logistics support servic es Distribution of solar energy products
Provision of technical and engineering services Distribution of Non-Destructive Testing (NDT) products
Online and onsite solar training certification pr ograms Facilitation, development and operating of solar energy projects
Procurement, sale and distribution of power generation products
With our expert international knowledge, local experience and partners, we ofer an eecient top-notch business
solutions and services with an impressive track record of solving energy problems.
Labacorp Energy, Ltd
An Indigenous Energy Company
PO Box 12344, Douala, Cameroon
681 81 80 29 | 699 86 84 77
contact@labacorpenergy.com
(+237) 667 90 85 24
www.labacorpenergy.com
Labacorp Energy