The African Energy Chamber (AEC) has announced a strategic partnership with S&P Global Commodity Insights, a leading provider of energy and commodities intelligence. The collaboration aims to attract investment, technology, and expertise to Africa’s energy sector while advancing the continent’s goal of eradicating energy poverty by 2030.
S&P Global Commodity Insights, known for its independent market data, analytics, and credit ratings, will work closely with the AEC to provide deep market intelligence and insights. The partnership is set to shape discussions around global energy supply chains, sustainability, and Africa’s role in the energy transition.
Key energy developments in Africa
As Africa’s energy market evolves, 2025 is expected to present both challenges and opportunities. The continent is witnessing significant infrastructure developments, including:
- Nigeria’s Dangote Refinery: Set to begin operations in 2025, the refinery will be Africa’s largest, significantly enhancing regional refining capacity.
- West Africa’s gas boom: Senegal and Mauritania’s Greater Tortue Ahmeyim project marks a shift toward gas-driven energy security in the region.
- Angola’s oil & gas expansion: A focus on infrastructure-led exploration, an upcoming bid round, and efforts to sustain crude production above one million barrels per day (bpd) beyond 2027 signal a promising year for the country’s energy sector.
- Libya’s production surge: With a target of 2 million bpd by 2027, Libya is attracting investment from major international oil companies, along with a new oil and gas licensing round and 45 field development projects.
- Algeria’s $50 billion investment drive: With 71% of planned hydrocarbon investments directed at exploration and production, Algeria is positioning itself as a major player in global energy markets.
Outlook for 2025 and beyond
Oil production across Africa is projected to remain steady, with Nigeria, Angola, and Libya ramping up efforts to boost output. Additionally, natural gas is emerging as a key driver of Africa’s power generation, with increased investment in liquefied natural gas (LNG) projects—particularly in West Africa—and deepwater exploration in emerging markets like Ivory Coast and Namibia.
“This collaboration with S&P Global Commodity Insights will leverage the expertise of the energy sector to help shape Africa’s energy future, enabling us to tackle energy poverty while driving socioeconomic development,” said Tomás Gerbasio, AEC’s Vice President for Commercial and Strategic Engagement.
Strengthening Africa’s position in the global market
With growing interest from international investors, particularly in the Middle East and Asia, Africa has the opportunity to unlock new reserves and solidify its role in the global hydrocarbons market. The partnership between the AEC and S&P Global Commodity Insights underscores a shared commitment to fostering sustainable, high-impact energy solutions for the continent and beyond.
As the voice of Africa’s energy sector, the AEC looks forward to driving strategic engagement, attracting investment, and shaping a more secure and prosperous energy future for Africa.
