At the continent’s premier event for the African oil and gas industry – Africa Energy Week (AEW) (www.AECWeek.com) 2022 – the discussion will largely focus on how the continent will finance the development of its energy resources. As the world begins to look to Africa as a potential supplier of global oil and gas demand in 2022, there is no better time to increase investment in the continent. In line with this discussion, the African Energy Chamber (AEC) is proud to announce that Paul Eardley-Taylor, Head of Oil & Gas South Africa at Standard Bank, will be coming to AEW 2022 to join high-level finance discussions.
With more than 20 years of experience in the energy corporate and investment sector, particularly in oil, gas, renewables and energy, Eardley-Taylor will attend this year’s event as an energy sector finance expert. Combined with over 10 years of experience as a consultant, banker and financier, Eardley-Taylor is well placed to lead the dialogue on finance in Africa. Throughout his tenure as head of oil and gas, Eardley-Taylor has led and continues to invest in African energy. His experience makes him an optimal partner for investors, a valuable panelist and an important figure in Africa’s financial sector.
For Africa in 2022, increasing investment is a top priority for many countries on the continent. With current estimated reserves estimated at 125 billion barrels of oil and more than 600 trillion cubic feet of gas, much of which remains untapped, the continent’s resources can meet both continental and international energy demand. On the exploration side, investment will be key to discovering reserves in onshore, offshore and offshore basins. Recently announced licensing rounds across Africa – for example in the Democratic Republic of Congo; Senegal; Angola; Mauritania and many others – have opened up lucrative opportunities for frontier explorers, and with increased investment, a wave of developments will no doubt be unlocked.
Similarly, in midstream and downstream, the infusion of capital throughout the energy value chain will usher in a new era of energy security and independence in Africa amid infrastructure development and energy access. In the global geopolitical context after COVID-19, recovering economies across the continent are in desperate need of new sources of energy. In this regard, improved investment in Africa is imperative as it will not only ensure that the continent is freed from energy poverty, but will also drive industrialization, multi-sector revival and long-term socio-economic growth.
As such, AEW 2022, which is the official meeting place for African energy professionals, aims to drive investment and development across the entire African energy sector and value chain. By introducing global financiers to African opportunities, providing an ideal platform for signing deals, networking and building partnerships, AEW 2022 is set to spark new capital growth in Africa. While ensuring global energy security is important, ensuring the electrification and industrialization of the continent is a top priority. So, in line with the mandate to make energy poverty history by 2030, AEW 2022 will host panel discussions, investor forums and one-on-one meetings dedicated to financing Africa’s energy future.
“Coming to AEW 2022 and participating in dialogue and decision-making, Eardley-Taylor has prioritized African energy and African development,” says N.J. Ayuk, AEC Executive Chairman, adding that “AEC is proud to host Paula Eardley-Taylor at AEW 2022 and looks forward to defining a new investment narrative in Africa. Increasing investment is paramount for the continent and by ensuring finance is a key point of discussion, AEW 2022 aims to make a strong case for investment targeting Africa in 2022 and beyond.”
Distributed by APO Group on behalf of Africa Energy Week (AEW).
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About AEW 2022:
AEW 2022 is the AEC’s annual conference, exhibition and networking event. AEW 2022 brings together African energy stakeholders with investors and international partners to drive the growth and development of the industry and promote Africa as a destination for energy investment. Key organizations such as the Organization of African Petroleum Producers, as well as African heavyweights including Equatorial Guinea and Nigeria, are partnering with AEW, reinforcing the role the event will play in Africa’s energy future.
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