Gastech 2014, A Focus on Africa: Strategic Roundtable

March 24, 2014

On Monday, The Oil & Gas Year hosted the only session exclusively dedicated to African investment at the Gastech conference in South Korea, a three-day event with a special emphasis on innovation and technology.

The panel discussion coincided with the release of TOGY’s first continental hydrocarbons investment guide Africa Finance & Trading 2014. Moderated by TOGY’s CEO, the Focus on Africa: Strategic Roundtable discussion gathered industry representatives to shed light on the emerging gas frontiers of East Africa and the resurgence of maturing plays on the western part of the continent.

Representing ENH, Mozambique’s national oil company, was chairman Nelson Ocuane. He presented a roadmap for the country’s first LNG exports in 2018 and his company’s aspirations to become an operator within 15 years. Tanzania Petroleum Development Corporation chairman Michael Mwanda stressed the need to encourage the formation of local companies that can cater to the needs of international oil companies in the market. Abdulrazaq Isa, CEO of Nigerian company Waltersmith, highlighted the issue of dealing with subsidies. Another panelist turned the attention towards the difficulties regarding the perception civil society has, especially across the much of the African Continent, of managing natural resources. TOGY’s CEO concluded the session by thanking the various luminaries for the insightful and informative discussion.