Energy Capital & Power (ECP) is excited to announce its partnership with the Nigerian Gas Association (NGA) to promote gas development and monetization opportunities to American investors at the first-ever U.S.-Africa Energy Forum (USAEF) 2021 (December 9-10; Houston, Texas).
Ed Ubong, President of the NGA and Managing Director of Shell Nigeria Gas, will attend and speak at the event, offering insights into and opening up the conversation on West African gas utilization. The NGA represents the largest gas-focused, corporate and individual-member organization, established to promote the advancement of Nigerian natural gas as the preferred energy source in the country.
“The Nigerian gas value chain offers a series of integrated foreign investment and export opportunities for U.S. entities, and the NGA is excited to promote these opportunities at USAEF 2021,” said the NGA’s Executive Secretary, Mr. Taji Ogbe. “Sitting on over 200 trillion cubic feet of natural gas, Nigeria has been increasingly active in spearheading large-scale LNG and gas utilization projects aimed at monetizing abundant reserves, diversifying energy sources, reducing gas flaring practices and creating gas-based industries.”
“With the confirmation and participation of the NGA, we can expect further engagement with Nigerian companies, entities and project developers. As the leading oil producer in sub-Saharan Africa, Nigeria’s presence at USAEF 2021 will help reflect the magnitude of investment opportunities within West African energy markets and on the continent as a whole,” said James Chester, Senior Director at ECP.
In recent years, the African natural gas value chain has become the preferred destination for foreign direct investment – not only because the continent holds over 500 trillion cubic feet of proven reserves, but also because natural gas is a critical step in the global energy transition and provision of clean, affordable power. Under the Biden Administration, the U.S. has made clear its commitment to supporting developing countries in their own pursuit of low- or zero-carbon economies.