In a bid to drive U.S. investment in the African energy sector, the U.S.-Africa Energy Forum (USAEF) 2021 kicked off on Monday with a virtual session, featuring petroleum ministers from Republic of the Congo and Equatorial Guinea along with leading energy and finance industry leaders.
Opening remarks were given by H.E. Bruno Jean Richard Itoua, Minister of Hydrocarbons of Republic of the Congo – a veteran of the oil and gas industry and one of the founding members of the National Petroleum Company of Congo – and NJ Ayuk, Executive Chairman of the African Energy Chamber (AEC), with Jude Kearney, Chair of the U.S. Africa Committee, AEC, as the moderator.
Panelists included H.E. Gabriel Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea; Alexa Burr, Vice President for Standards & Services, American Petroleum Institute (API); Akinwole Omoboriowo II, Chairman and CEO, Genesis Energy Group; Posso Ganame, Chairman, Texas-West Africa Chamber of Commerce; and Miguel Peñaloza, Business Development / Project Finance, U.S. Export-Import (EXIM) Bank.
Watch part 1 below:
Part 2: Navigating the Transition: Africa’s Place in the Future Global Energy Sector, and Continental Transformation
Panelists taking part in the second virtual session of the U.S.-Africa Energy Forum 2021 navigated the balance between delivering reliable energy access to the continent – while meeting global carbon emission and ESG standards – before issuing a call to action to U.S. investors and policymakers.
Organized by Energy Capital & Power under the theme, “Navigating the Transition: Africa’s Place in the Future Global Energy Sector, and Continental Transformation,” the session tackled issues of power affordability and accessibility; climate adaptation and resilience measures; Africa’s role in the global energy transition; and the path to net-zero global emissions by 2030.
Panelists included C. Derek Campbell, CEO of Energy & Natural Resource Security; Jake Levine, Chief Climate Officer of the U.S. International Development Finance Corporation (DFC); Ken McGhee, Director of Africa Ubiquity Group; and moderator Sheila Hollis, Acting Executive Director of the U.S. Energy Association.
Watch part 2 below: