logo
Golar Liquefied Natural Gas (LNG),Chief Commercial Officer (CCO) Joins Invest in African Energy (IAE) 2025 Speaker Lineup

Golar Liquefied Natural Gas (LNG),Chief Commercial Officer (CCO) Joins Invest in African Energy (IAE) 2025 Speaker Lineup

Zawya25-04-2025

Federico Petersen, Chief Commercial Officer (CCO) of Golar LNG, will join the upcoming Invest in African Energy (IAE) 2025 Forum in Paris to discuss scaling LNG in Africa, overcoming infrastructure challenges and attracting investment. With Africa rapidly expanding its gas infrastructure, Petersen's insights are expected to showcase how innovative LNG solutions can support sustainable energy growth across the continent.
As a global leader in floating LNG (FLNG) solutions, Golar LNG is advancing gas monetization across Africa. The company is actively involved in several key projects, including the Hilli Episeyo FLNG facility off the coast of Cameroon, operational since 2018, which plays a crucial role in unlocking regional gas resources with cost-effective, scalable LNG production. Golar LNG is also a key player in the Greater Tortue Ahmeyim project offshore Senegal and Mauritania, where it owns and operates the Gimi FLNG, which received its first feed gas in January 2025, marking a major milestone in LNG export operations.
IAE 2025 (https://apo-opa.co/3ECl25b) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.
Additionally, Golar LNG is exploring further opportunities across the continent, including ventures in the Republic of Congo and Nigeria. In June 2024, the company signed an agreement with the Nigerian National Petroleum Corporation to deploy an FLNG vessel in the Niger Delta, utilizing 500 million cubic feet of gas per day to generate LNG, propane and condensate, with a final investment decision expected later this year.
The growth of LNG in Africa is set to accelerate in the coming years as key markets seek to tap into their vast natural gas reserves. As such, Petersen's participation at IAE 2025 is poised to showcase the pivotal role of FLNG in enhancing energy security, driving economic growth and fostering regional cooperation.
As the global energy landscape shifts toward cleaner, more sustainable sources, LNG will remain crucial in powering Africa's future, offering a reliable transition fuel to support the continent's ambitious energy goals. With IAE 2025 as a platform for high-level dialogue and partnerships, the forum will provide an invaluable opportunity for stakeholders to explore the latest LNG developments, deepen collaboration and drive investments that will shape the future of African energy.
Distributed by APO Group on behalf of Energy Capital&Power.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Drunk Elephant's Moisturiser Gains Popularity in UAE Amidst Recall Concerns
Drunk Elephant's Moisturiser Gains Popularity in UAE Amidst Recall Concerns

Arabian Post

time11 hours ago

  • Arabian Post

Drunk Elephant's Moisturiser Gains Popularity in UAE Amidst Recall Concerns

Drunk Elephant's Lala Retro Whipped Cream has become a sought-after skincare product in the UAE, particularly among consumers seeking effective hydration solutions. The cream's formulation, featuring a triple-ceramide blend and a mix of African oils, has garnered attention for its ability to provide long-lasting moisture and support the skin's barrier function. The product's appeal lies in its clean and cruelty-free formulation, free from fragrances and essential oils, making it suitable for sensitive skin types. Its airy, non-greasy texture allows for easy absorption, catering to the needs of individuals in the UAE's arid climate. However, the brand faced challenges when it voluntarily recalled certain batches of the Lala Retro Whipped Cream due to an ingredient mix-up during production. The recall was initiated after it was discovered that some products contained a surfactant not listed on the ingredient label, potentially leading to adverse skin reactions in sensitive individuals. Drunk Elephant promptly addressed the issue, offering full refunds or product exchanges to affected customers and emphasizing its commitment to product quality and customer satisfaction. Despite the recall, the product's popularity in the UAE remains strong, with consumers continuing to purchase it from various retailers, including Dubai Duty Free, Sephora, and online platforms like and The brand's transparency in handling the recall and its proactive measures to rectify the situation have helped maintain consumer trust.

Sharjah Airport welcomes first Ethiopian Airlines flight
Sharjah Airport welcomes first Ethiopian Airlines flight

Gulf Today

time14 hours ago

  • Gulf Today

Sharjah Airport welcomes first Ethiopian Airlines flight

As part of a significant expansion of its route network into Africa, Sharjah Airport has officially welcomed the first direct flight operated by Ethiopian Airlines on 2nd June 2025, marking a new chapter in the airport's growing global connectivity. This step reflects Sharjah's rising status on the regional and international aviation map, as more global airlines choose the airport as a strategic operational hub linking the Middle East with the African continent. The inaugural flight was welcomed in a reception attended by senior officials and representatives from both sides. Ethiopian Airlines now operates four weekly flights between Addis Ababa Bole International Airport and Sharjah Airport on Tuesdays, Wednesdays, Fridays, and Sundays, with return flights departing Sharjah on Mondays, Wednesdays, Thursdays, and Saturdays, bound for Addis Ababa. A Strategic Route Strengthening Trade and Investment Connectivity with Africa Ali Salim Al Midfa, Chairman of Sharjah Airport Authority (SAA), emphasised that this strategic partnership with the national carrier of Ethiopia falls in line with the airport's ongoing efforts to expand its destination network and connect Sharjah with key emerging markets. He noted that this aligns with the growing demand for regional and international travel, fueled by the airport's ambitious expansion strategy and development projects aimed at increasing total passenger capacity to 25 million annually by the end of 2027. He added, 'This new route with Ethiopian Airlines represents a qualitative step in reinforcing the airport's role as a vital air bridge that supports trade and investment flows between the UAE and African nations. We remain committed to delivering the highest standards of quality, efficiency, and service diversity, through the adoption of smart technologies and advanced digital systems. This enhances operational performance and sustainability, while ensuring a seamless, safe, and integrated travel experience—further strengthening Sharjah Airport's position as a distinguished regional hub.' Mesfin Tasew, Group CEO of Ethiopian Airlines, stated, 'We are truly delighted to connect our passengers to an additional getaway in the UAE with our new flights to Sharjah. We have been connecting the UAE and Africa for nearly five decades now and the new service will help boost the investment, tourism, diplomatic and socioeconomic bonds between the two regions.' Sharjah Airport Authority continues to enhance its offering to attract global airlines by providing a comprehensive service ecosystem tailored to meet the evolving needs and goals of aviation partners. These services align with best global practices in the aviation industry and reflect the latest airport technologies and systems. Ethiopian Airlines—recognised as one of the leading carriers in Africa—operates flights to 142 international destinations for both passengers and cargo, and is known for its high operational efficiency and compliance with the highest global safety and quality standards. WAM

African Nations Urged to Boost Local Debt Markets Amid Global Funding Shift
African Nations Urged to Boost Local Debt Markets Amid Global Funding Shift

Arabian Post

time16 hours ago

  • Arabian Post

African Nations Urged to Boost Local Debt Markets Amid Global Funding Shift

African countries face growing challenges in accessing international finance as global economic uncertainty and tightening monetary policies restrict foreign capital flows. Moody's Investors Service has highlighted the urgent need for these nations to develop robust local debt markets denominated in their own currencies to mitigate risks associated with reliance on external funding. As global financial conditions tighten, foreign investors have become more cautious about exposure to emerging markets, including many African economies. This shift has led to a decline in capital inflows, leaving governments increasingly vulnerable to sudden stops or reversals in funding. Moody's global head of sovereign risk emphasised that liquid and deep domestic debt markets can provide a crucial buffer, enabling governments to raise funds without depending heavily on foreign creditors. Currently, many African countries issue debt primarily in foreign currencies such as the US dollar or euro, exposing them to exchange rate risk. Currency depreciation against these hard currencies can dramatically increase debt servicing costs, placing pressure on public finances. Developing local currency bond markets would allow governments to borrow in their own currency, reducing this vulnerability and helping to stabilise fiscal positions. ADVERTISEMENT Several African countries have already taken steps to expand their local debt markets. Nigeria, Kenya, and South Africa stand out with relatively more developed government bond markets, which have helped these economies absorb shocks from external capital volatility. However, the scale and liquidity of these markets remain limited compared to advanced economies, making them less effective as shock absorbers. Moody's report stresses that broadening the investor base is critical. This includes attracting domestic institutional investors such as pension funds, insurance companies, and mutual funds, which have longer-term investment horizons and are less likely to withdraw capital abruptly. Expanding participation by local investors can deepen the market and enhance price discovery, increasing market efficiency. Policy reforms to improve the regulatory environment, market infrastructure, and transparency are essential to build investor confidence in local markets. Strengthening legal frameworks for debt issuance and enforcement, improving settlement systems, and enhancing credit rating capabilities will facilitate greater market participation. Governments must also maintain prudent fiscal management to ensure debt sustainability and investor trust. The trend toward tightening global financial conditions reflects actions by major central banks to raise interest rates and normalise monetary policy after years of ultra-loose settings. This environment reduces appetite for higher-risk emerging market debt, especially those with significant external borrowing and weaker fiscal fundamentals. African nations with large current account deficits and high foreign currency debt are most at risk of capital flight and currency pressures. At the same time, China's retrenchment from aggressive lending in Africa is altering traditional funding patterns. The decline in Chinese infrastructure loans and project financing has created financing gaps that are not easily replaced by private capital. Local debt markets can offer a more sustainable alternative, giving governments greater control over funding costs and maturities. ADVERTISEMENT International financial institutions have also been encouraging African governments to tap domestic markets and enhance fiscal resilience. The International Monetary Fund and World Bank support capacity-building initiatives to develop sovereign bond markets and encourage the issuance of domestic debt instruments. These efforts align with the broader agenda of promoting sustainable debt practices and reducing vulnerability to external shocks. Despite the push for local currency debt markets, several challenges remain. Many African economies are characterised by low levels of financial inclusion, limited investor sophistication, and constrained savings pools. These factors restrict demand for government bonds and complicate efforts to build deep, liquid markets. Inflation volatility in some countries adds further complexity. Investors may demand higher yields to compensate for inflation risk, raising borrowing costs. Maintaining price stability is therefore a key complementary objective to developing local debt markets, ensuring that bonds remain attractive and sustainable. The broader economic context also matters. African economies face structural hurdles including reliance on commodity exports, limited industrial diversification, and infrastructural deficits. Strengthening economic fundamentals through reforms aimed at boosting growth and reducing fiscal deficits will enhance creditworthiness and market access. The rise of regional capital markets integration presents another avenue to bolster liquidity and investor interest. Initiatives such as the African Continental Free Trade Area and the establishment of pan-African bond indices could foster cross-border investment, broadening the market beyond national boundaries. As sovereign risk dynamics evolve, credit rating agencies are recalibrating their assessments to account for greater exposure to domestic debt and currency risks. Moody's and others acknowledge that while local debt markets reduce foreign exchange exposure, they introduce new vulnerabilities related to domestic economic conditions and market depth. Continuous monitoring and adaptive policy responses will be necessary to balance these risks.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store