Cape Town and Dubai fight for Africa’s energy future (Op-Ed by Duggan Flanakin)

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Duggan Flanakin, Director of Policy Research, Committee For A Constructive Tomorrow.

It was quite a shock to the Executive Director of the Africa Energy Chamber, NJ Ayuk – and an even bigger shock to the chamber – that the London-based Hyve group decided to hold the annual Africa Oil Week (www.Africa-OilWeek.com) to relocate from Cape Town, South Africa to Dubai. It was such a shock that shortly afterwards the AEC announced that it would hold the Africa Energy Week (https://bit.ly/3qoxeed) on the same weekend (November 8-12) as the (Out of) Africa Oil Week. sponsors.

Mr. Ayuk works hard to ensure that the interests of African businesses and citizens in African energy companies are widely recognized. He calls the duel conferences a major confrontation between “Cancel Fossil Fuels” (Dubai) and “Protect our Oil and Gas Industry” (Cape Town).

The fossil fuel abandonment movement is currently spearheaded by the International Energy Agency, which recently stated that all oil and gas exploration must cease immediately in order to comply with the Paris Climate Agreement – and save the world from the mythical fires of Hell on Earth.

The Biden Harris administration, the European Union, many western banks and now even western insurance companies claim that the world is facing “climate catastrophe” if we are “attached” to fossil fuels. You are lying, of course. A real catastrophe is not in sight. And they know!

The hysteria in the press (here (https://wapo.st/3qnIWpn), here (https://bit.ly/2TXwLDF), here (https://bit.ly/3dcgvFD) and here (https: / //bit.ly/3jc3wYm) is only surpassed by the screeching of Hollywood actors like Leonardo di Caprio (https://yhoo.it/2SmFw9S) and Don Cheadle (https://bit.ly/3gQG4OI) adhering to Paris as a litmus test (one of many) to determine one’s own humanity.

The excitement was so successful that a recent poll by the Pew Research Center (https://bit.ly/3j57Pom) found that a third of Americans are now in favor of a complete extinction of fossil fuels and engines powered by them. Only 64% of Americans prefer to leave fossil fuels in the energy mix. This in a country with 270 million gasoline-powered vehicles and who knows how many gas stoves and water heaters!

Hardly a day goes by without some virtue of contempt for fossil fuels being signaled. The media imply that “no fossil fuels by 2050” is “the future”. You’re completely wrong. Litigation attorney Francis Menton hit the nail on the head (https://bit.ly/3h1bFfv) in a recent post from the real world: “It is unlikely that the current legal attack will significantly limit world oil production.”

Menton recognizes the “legal attack on several fronts” against the “big” oil producing companies (not countries!). The war is not limited to lawsuits. Other weapons include new laws, regulatory initiatives, and proxy competitions. However, as Menton demonstrates, the often targeted “big” Western oil companies (ExxonMobil, Chevron, Shell, BP, Conoco Phillips) are “just not that big a part of world production”.

ExxonMobil, the largest of the group, came in only sixth, and Chevron was the only other major in the top ten. The top 5 are Saudi Aramco, Rosneft (Russia), Kuwait Petroleum, National Iranian Oil Company and China National. When was the last time you saw legal action, large demonstrations, or even public demands that these oil giants be shut down?

Despite all of the official mess from Paris and even the IEA, not even all Western nations have any real intentions to decarbonise. Norway, for example, has openly announced (https://bit.ly/3gU2UoU) its intention to increase its investments in offshore oil and gas operations in 2021. Of course, the Norwegian government promised in an official “awake” declaration to promote long-term economic growth (https://bit.ly/2T13M1H) in the oil industry “within the framework of our climate policy and our obligations under the Paris Agreement”. Huh?

Meanwhile, the Norwegian Oil and Gas Association bluntly stated that its members (https://bit.ly/3jaR0bG) do not share the assumption that OPEC members alone put more than half of the oil and gas production for the world market in perspective 2050. “The reasons are obvious.

First, the result would be rising energy prices and significant threats to global energy supplies. Second, Norway would lose revenues and jobs associated with industries such as oil and gas, carbon capture and storage, hydrogen, and seabed mineral extraction.

Africans like Ayuk share similar views: that their countries cannot afford to throw away their best opportunities for economic growth, full employment, infrastructure development and modern living standards – to suit the whims and demands of wealthy Europeans.

To underline their determination, Reconnaissance Energy Africa, based in Canada (https://bit.ly/3vUt1Qs), is on the verge of transforming the Namibian part of the Kavango Basin into a world oil capital. Exploration drilling in the 8.5 million hectare Kavango Basin has confirmed that “Namibia has an active onshore oil basin”, says the Namibian Mining and Energy Minister Tom Alweendo. The country hopes that the oil and gas development will bring economic impetus, improved infrastructure, access to drinking water and investments in environmental protection and species protection.

Just last year, the Russian company Rosgeo signed an agreement (https://bit.ly/3zNGoFo) with Equatorial Guinea on a historical geological mapping project – the first step in developing a domestic oil and gas industry and searching for other mineral resources. (Guinea withdrew from Africa Oil Week in favor of Africa Energy Week.)

A previous report identified 70 crude oil and natural gas projects scheduled to become operational between 2019 and 2025 in sub-Saharan Africa; Nigeria will produce over a million barrels (https://bit.ly/2UDMMPH) of oil per day (BOPD) by 2025.

Two of Africa’s five largest oil and gas projects are in Mozambique: the state-of-the-art liquefied natural gas (LNG) facility in Mozambique, which aims to develop an estimated 75 trillion cubic feet (tcf) of recoverable offshore natural gas, and the 85 tcf Area 4 project , which includes the Coral and Rovuma LNG plants.

BP has just placed a multi-billion dollar contract to build the first phase of the Tortue Ahmeyim 15 tcf offshore LNG project, which will benefit Mauritania and Senegal. Shell plans to begin construction of a $ 30 billion LNG liquefaction plant in Tanzania in 2022, which has 57 tcf of recoverable natural gas reserves. And the East African Crude Oil Pipeline is supposed to transport crude oil from Kabaale-Hoima in Uganda to the Tanzanian port of Tanga.

None of these energy-rich African nations are eager to submit to the demands of the IEA, which apparently only envisages existing OPEC nations as future producers and refiners. This seems to be the dividing line between Africa Oil Week and the new Africa Energy Week.

A key theme of the Africa Oil Week (https://bit.ly/3xQC1HO) in Dubai is “Africa’s efforts towards the energy transition towards a cleaner environment”. The event in Dubai asks: “Where is the continent as the pressure on regions, countries and companies to achieve the goals of the Paris Agreement to eliminate CO2 emissions increases?” (Resistance. Is. Pointless. The participants want that the Africans believe.)

Africa Energy Week has already collected an impressive list (https://bit.ly/35S1BAe) of speakers, sponsors (https://bit.ly/3wXGdFJ) and participants (https://bit.ly/3wXPFZU). It has a completely different topic (https://bit.ly/3vRHmNJ) – and there is no lack of chutzpah. “Replacing the Africa Oil Week” is the goal. The makers say their event “seeks to unite industry players, international speakers and makers from the African oil and gas sector … to define and promote the African energy agenda through development, completion and participation of the private sector”.

The central themes of Africa Energy Week include the history of energy poverty before 2030, the future of the African oil and gas industry, the role of women in energy, and opportunities and financial challenges. AEC says this Africa-focused, personal energy event is entirely dedicated to promoting African development and growth through African-led programs.

Ayuk says the AOW move to Dubai gave Africans the opportunity to stand up for African values. “We will fight for our future. We will not give in to this mass. I am not worried about the attacks. We will stand up for what is right. “

Distributed by the APO group on behalf of Duggan Flanakin.

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June 24, 2021 at 5:16 pm GMT


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