The conference comes hot on the heels of a series of major developments in Namibia’s energy market. Following a strong start to the year in 2022 with the announcement of two major oil and gas discoveries made weeks apart by global energy majors Shell, TotalEnergies and Qatar Energy – the Venus and Graff-1 discoveries contributed the highest value of global finds in 2022 – the country witnessed the signing of several industry-advancing agreements that kicked off the development of large-scale green hydrogen projects. While the oil and gas discoveries are likely to contain billions of barrels worth of hydrocarbons and have attracted a strong slate of explorers to the market, all eager to unlock sizeable finds of their own, green hydrogen projects such as HYPHEN Hydrogen Energy’s $9.4 billion development have further consolidated the country’s position as a regional energy hub.
In 2023, this success has only continued with the announcement of a third major discovery at the Jonker-1X well by Shell, the entrance of new majors including Chevron and accelerated upstream campaigns by independents such as ReconAfrica and Maurel & Prom in high-profile basins. The renewable sector has also seen progress this year with a strong pipeline of projects including the 2.5 GW Tumoneni project; the 42 MW Daures Green Hydrogen Village; and the 50 MW Swakopmund project as well as the development of three hydrogen valleys in Kharas, Walvis Bay port and Kunene. At the same time, the government is working towards strengthening both the regulatory and human capital markets, collaborating with regional neighbors including Equatorial Guinea to better position the market for long-term growth.
Stepping into this picture, the NIEC 2023 conference – taking place from 25-27 April 2023 in Windhoek – serves to pave the way for local and international collaboration in the energy sector, leveraging recent achievements seen in the market to attract new investment and development. Representing the foremost platform where deals can be signed and partnerships formed, the event provides unparalleled opportunities to continue discussions around the future of the Namibian energy sector.
With S&P Global representing a strategic knowledge partner, the event is set to become even more instrumental in advancing dialogue and knowledge sharing. Providing in-depth analysis in the areas of business, energy and financial information, the firm’s focus is on powering the markets of the future, and Namibia is key in this regard. During the event, the company will participate in high-level panel discussions including Africa Energy Outlook: Navigating the evolving global landscape, while additionally hosting strategic industry intelligence sessions such as Masterclass: Namibia/Guyana 2.0.
“Namibia truly embodies a market of the future. The government, focused on monetizing all of the country’s vast energy resources, has put in place strong policies and attractive fiscal terms that are set to attract a strong slate of new players while strengthening the presence of active companies. The NIEC 2023 conference could not come at a better time for the market, and with S&P Global as a strategic knowledge partner, the event is poised to unlock new opportunities for investors and project developers while consolidating the country’s position as a global energy hub,” states NJ Ayuk, Executive Chairman of the African Energy Chamber (AEC) – a strategic partner of NIEC 2023.
During NIEC 2023, the AEC, serving as the voice of the African energy sector, will also take the lead in discussions, facilitating new deals between Namibia and investors. At the same time, the continent’s leading investment platform for the energy sector, Energy Capital & Power, will also participate and promote its upcoming Namibia-focused publication produced in partnership with the Ministry of Mines and Energy of Namibia.
Distributed by APO Group on behalf of African Energy Chamber.
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