Latest news with #SNPC
Zawya
05-05-2025
- Business
- Zawya
Congo's Gas Ambitions to Take Spotlight at Invest in African Energy (IAE) 2025 with High-Level Monetization Panel
The Republic of Congo and its gas agenda will be at the forefront of the upcoming Invest in African Energy (IAE) 2025 Forum in Paris, which will feature a dedicated session on Monetizing Congo's Gas Opportunities. The strategic discussion comes as Congo works to scale up gas production, build critical infrastructure and accelerate monetization efforts to meet domestic demand and strengthen its position as a regional energy exporter. The session will be moderated by Géraud Moussarie, Managing Partner at Sustainable Partnerships, and will bring together leading voices in the sector. Featured panelists include senior representatives from Congo's national oil company, Société nationale des pétroles du Congo (SNPC); Rus Jiri, Sales and Development Director Africa at Neuman&Esser and Oumar Semega, CEO of Imperatus Energy. IAE 2025 ( 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 To sponsor or participate as a delegate, please contact sales@ Congo's gas sector has made significant strides in recent years, with new frameworks and ambitious infrastructure projects underway. The Congo LNG project, led by Eni, aims to position the Republic of Congo as a key LNG exporter, with a total liquefaction capacity of up to 3 million tons per year through two floating LNG units – the first of which delivered its maiden cargo in February 2024. Equally critical is the monetization and domestic utilization of refined gas products. The Banga Kayo onshore project, led by Wing Wah, is set to play a central role by transforming previously flared gas into dry gas, LNG, LPG and polypropylene for use in the local market. Meanwhile, a new Gas Code, expected in 2025, along with the recently adopted Gas Master Plan, are laying the groundwork for sustainable sector growth by establishing clear incentives for investors, streamlining regulatory processes and promoting the development of gas infrastructure and local value chains. Across Africa, monetizing natural gas is increasingly seen as both an economic necessity and a catalyst for development – supporting energy access, powering industrial growth and enabling a shift toward cleaner energy sources. To date, key challenges include limited processing and transport infrastructure, constrained financing and fragmented regional markets, which continue to slow progress. Overcoming these hurdles requires coordinated policies, targeted infrastructure investment and cross-border partnerships. IAE 2025 provides a vital platform for public and private sector leaders to address these issues, promote investment and unlock the full potential of Africa's gas value chain. Distributed by APO Group on behalf of Energy Capital&Power.
Zawya
27-03-2025
- Business
- Zawya
Congo Energy & Investment Forum (CEIF): Local Expertise Emerges at the Heart of Congo's Liquefied Natural Gas (LNG) Ambitions
As the Republic of Congo's LNG capacity accelerates following its first export in February 2024, African industry leaders have underscored the role of local and regional capability building in sustaining growth, driving domestic utilization and enhancing intra-African trade. Panelists at the 'Building Local&Regional Capability' discussion at the Congo Energy&Investment Forum on Wednesday emphasized that the strength of Congo's LNG sector depends not just on advanced technology and capital, but on investing in local talent and scalable systems. 'In order for the industry to grow, we have to develop our skillsets. Our people are underutilized and underdeveloped,' said Yolanda Asumu, CEO&Founder of iCUBEFARM, calling for targeted industry training and scalable local content systems that meet the evolving needs of the private sector. 'I encourage organizations like APPO to create a platform that connects member states with statistics on the jobs available and the skills required, which can fuel the education system to know what kind of training is needed.' Addressing the crucial role of local content in maximizing national benefits from LNG projects, Dr. Bi-Dia-Ayo Ibata, Head of Associations Division and Supervisory Relations at Société Nationale des Pétroles du Congo (SNPC), highlighted the importance of aligning industrial growth with community development. She elaborated on how strategic initiatives are designed to enhance domestic capacity and promote technology transfer. 'SNPC has identified sectors for valorization, which is the local gas market for industries, cement plants and so forth, and the secondary market to export. While exports are a main pillar of the Congo LNG project to generate revenues for the government, the ultimate objective is to transfer competencies from IOCs to the local communities.' Emphasizing the potential for regional synergies and capacity building in the gas sector, Oumar Semega, CEO&Founder of Imperatus Energy, detailed how integrating local markets with cross-border cooperation and innovative technology can unlock substantial opportunities in Africa's energy landscape. 'There are possibilities for synergies within the supply chain for Congo, as a gas exporting country, beyond what we can do in the local market… Collaboration and technology – all of this is possible." 'We must have a common vision. Competition is good, but we must share knowledge, support each other and bring our strengths together. If one business succeeds, then that knowledge can be transferred,' echoed Nosayaba Evbuomwan, Executive&Associate Director at Accenture. The inaugural Congo Energy&Investment Forum, taking place March 24-26, 2025, in Brazzaville, under the highest patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo, brings together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. Distributed by APO Group on behalf of Energy Capital&Power.
Zawya
27-03-2025
- Business
- Zawya
Congo's Hydrocarbons Minister Endorses Congo Energy & Investment Forum (CEIF) 2026, Eyes 500,000 bpd Production Target
H.E. Bruno Jean-Richard Itoua, Minister of Hydrocarbons of the Republic of Congo, has endorsed the continuation of the Congo Energy&Investment Forum (CEIF) through 2026, emphasizing its role in supporting the country's ambitious production targets. During a Fireside Chat with Daisy Portella at the Congo Energy&Investment Forum 2025, Minister Itoua said, 'Considering Congo's objective to reach 500,000 barrels per day in the next three years, I want CEIF to be held annually for the next three years.' Minister Itoua also announced plans to revise the 2016 Hydrocarbons Code to make it more attractive and modern. Minister Itoua announced that the revision is part of the ministry's strategy to enhance oil production by developing marginal fields. 'We are working on revisiting the 2016 Hydrocarbons Code to modernize it and make it more attractive,' he stated. Discussing marginal fields, he outlined opportunities for local companies. 'Marginal fields provide immediate cash flow. They require only minimal additional investment and are within the reach of national companies. 'With the African Petroleum Producers Organization countries, we are considering this approach. Once we master this, we can move on to exploration.' He encouraged local players' participation, adding, 'We want to see national companies become true industrial players. There are opportunities for national oil companies to partner and grow.' Minister Itoua shared the same objective for the Société Nationale des Pétroles du Congo (SNPC), stating, 'SNPC holds some marginal fields, such as Konkuala. I want to see SNPC become the Perenco of Congo. I intend to propose new offshore marginal fields to SNPC.' As part of this strategy, Minister Itoua plans to launch a new licensing round soon to attract investment in deepwater, marginal fields, and gas assets. 'There may be a session soon to launch the new licensing round with Energy Capital&Power. We want to give access to deepwater acreage, some marginal fields, and a special bid round focused on gas,' he stated. The Minister also emphasized the growing importance of gas in the country's energy strategy. 'We have accelerated the adoption of a gas code and we intend to create the Office Congolais du Gaz to serve as a local intermediary for stakeholders in the gas value chain,' he said. 'We are ready to discuss and support any gas project.' Minister Itoua sees gas as a transition fuel that will enable Congo to achieve energy security while highlighting the continued need for fossil fuels. 'Studies show that until 2040, the global energy mix will still require 40% fossil energy,' he noted. 'Africa is working for the world, and gas is now recognized as the ideal transition fuel.' Distributed by APO Group on behalf of Energy Capital&Power.
Zawya
27-03-2025
- Business
- Zawya
Congo Energy & Investment Forum (CEIF) 2025: Legal, E&P Experts Say Congo Ready for Increased Hydrocarbon Investment
With the upcoming establishment of a National Gas Company, the launch of a new Gas Code and development of a Gas Master Plan, the Republic of Congo is on a clear path to mobilizing capital to drive growth in its natural gas sector. Congo is home to an estimated 10 trillion cubic feet of natural gas, which is located in offshore fields such as Litchendjili, Néné, Minsala and Nkala, within the Marine XII license. As such, a strong lineup of legal and hydrocarbons experts participated in a panel session – Revitalizing the Hydrocarbons Sector by Unlocking Investment – at the inaugural Congo Energy&Investment Forum (CEIF) on March 26 in Brazzaville where they discussed how investors can drive growth in Congo's natural gas sector through favorable policies and emerging trends. 'The government [of Congo] is planning to establish a national gas company to encourage private investment and build up public-private partnerships,' stated Yves Ollivier, Managing Director of legal firm CLG Congo, adding, 'This will be the equivalent to the SNPC [ Société Nationale des Pétroles du Congo ] in terms of gas.' Congo's regulatory framework has evolved to support major developments in the natural gas sector, which include energy major Eni's Congo LNG project – Congo's first natural gas liquefaction initiative. As such, the upcoming Gas Code aims to establish a legal and regulatory framework to attract investment in gas exploration and production. 'We are in an environment where conditions are united so that we have the potential for returns on investment,' stated Yannick Mouamba, Country Director of Congo, Gabon and Sao Tome and Principe, SLB, adding,' Looking at the landscape of opportunities, this is the right place to run technology and show the value of what the country can offer.' Meanwhile, the Gas Master Plan – launching this year – will provide a strategic roadmap for investment, infrastructure development and resource management in the gas industry. This initiative is designed to create a robust framework for investors, laying the groundwork for sustainable growth and the achievement of the country's industrial goals. 'When investors want to invest their money, they are looking for sustainable returns,' stated Rene Awambeng, Founder and Managing Partner, Premier Invest, adding, 'Africa is richly endowed in hydrocarbons and for Congo to attract investments, you need to create the right enabling environment.' In addition to natural gas, Congo's National Oil Company SNPC has ambitious plans to increase the country's oil production to 500,000 barrels per day (bpd) by 2027. To attract new investment in exploration and production, Congo is leveraging new policy reforms and plans to launch a new licensing round this year, which will focus on onshore and offshore fields. 'In complex geological domains, such as onshore Congo, we look at the impact of decreasing cost to the customer. Most importantly, we also look at an increase in accuracy of data, which leads to a reduction in risk,' stated Jevon Hilder, Senior Business Development Manager, TGS. 'The ambition is there,' stated Anastasia Deulina, CFO, Afentra, adding, 'The production objective of 500,000 bpd is admirable, and we very much would love to be part of that story. There is a lot of support from the government.' The inaugural Congo Energy&Investment Forum, taking place March 24-26, 2025, in Brazzaville, under the highest patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo, brings together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. Distributed by APO Group on behalf of Energy Capital&Power.
Zawya
26-03-2025
- Business
- Zawya
Congo Energy & Investment Forum (CEIF) 2025: Reviving Mature Fields Key to Congo's Hydrocarbon Future
Industry leaders at the Congo Energy&Investment Forum (CEIF) 2025 emphasized that revitalizing the Republic of Congo's mature oil fields is key to sustaining production and attracting new investment during the Entering The Next Era Of Oil And Gas Production In Congo session. The country aims to increase crude production to 500,000 barrels per day (bpd) and is seeking new investment across its diverse portfolio of oil and gas assets. 'Congo offers opportunities in both oil and gas. We are actively developing offshore and shallow-water fields in partnership with SNPC and Bomoko Oil&Gas,' stated Yachtze Luchin, President&CEO of Unite Oil&Gas – a Silver Sponsor of CEIF 2025. He added that, 'Through strategic partnerships, technological innovation and a comprehensive approach, we can maximize efficiency of mature assets.' Echoing Luchin's comments, Miguel Baptista, Managing Director for Central, East&Southern Africa at SLB, said, 'Mature fields remain a critical component of Congo's hydrocarbon industry. The vast majority of production comes from these fields, and maintaining output requires a collaborative perspective, knowledge-sharing, digital tools to harness data and advanced technology deployment.' Service providers have a key role to play in supporting the revitalization of Congo's mature fields. According to James Richardson, Weatherford's Europe, Africa&Caspian Sales Director, 'We need to collaborate with other service providers to optimize recovery and extend field life.' Meanwhile, Massimiliano Mignacca, Managing Director of Ammat Global Resources – a Platinum Sponsor of CEIF 2025 -, underscored the necessity of modernizing operations. 'Many offshore fields have been in production since the late 1970s and 1980s. To sustain efficiency, we need to remove outdated infrastructure and introduce new technology while ensuring minimal environmental impact.' The session also highlighted Congo's emergence as a gas exporter and the need for continued investment in onshore projects. 'Projects like Wing Wah's onshore development are providing a significant boost to hydrocarbon expansion,' Baptista noted. 'The key is to ensure that production is maintained through a holistic strategy.' Distributed by APO Group on behalf of Energy Capital&Power. The inaugural Congo Energy&Investment Forum, taking place March 24-26, 2025, in Brazzaville, under the highest patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo, brings together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities.
