EU Executive Vice President Frans Timmermans to lead delegation to AEW 2022 in Cape Town, focused on investment, just transition and energy development

Frans Timmermans, Executive Vice-President of the European Commission, will attend and participate in Africa Energy Week 2022 in October in Cape Town.

JOHANNESBURG, SOUTH AFRICA/ACCESSWIRE/March 28, 2022/ The African Energy Chamber (AEC) (www.EnergyChamber.org), the voice of the African energy sector, is proud to announce the participation of Frans Timmermans, Executive Vice-President of the European Commission, at its annual summit on investment for the oil and gas sector, African Energy Week (AEW), which will take place from 18 to 21 October 2022, in Cape Town.

Since taking over as Executive Vice President in 2014, Timmermans has played a key role in developing and creating policies and facilities such as the Just Transition Fund, the Fit for 55 package and the Green Deal, all aimed at ensuring that energy supply is secure, resilient, decarbonized and affordable and that the energy transition is fair and inclusive.

One of the most important developments undertaken by the EU in 2022 was to rebrand certain natural gas and nuclear projects as green projects, provided that emissions do not exceed 270 grams of carbon dioxide equivalent per kilowatt hour. This green gas reform is welcomed by African stakeholders and is just one of the expected mechanisms to help the bloc reduce emissions while ensuring energy security. In this regard, gas-rich African countries such as Mozambique, Senegal, Gambia and Mauritania, which are strategically positioned to export to Europe, have the opportunity to attract financing from European investors to increase their production capacity.

Additionally, Timmermans is a strong advocate for diversifying Russia’s oil and gas supply and ensuring increased collaboration with other hydrocarbon-producing nations to meet growing energy demand. While major African hydrocarbon-producing countries such as Algeria, Nigeria, Niger and Mozambique are well positioned to be alternative energy suppliers to Europe, Timmermans’ participation in AEW 2022 offers the opportunity to discuss, negotiate and sign Euro-African energy agreements and partnerships. .

“Europe is highly dependent on gas to meet its growing energy needs and has been very successful in leveraging the best policy reform mechanisms that have enabled the full use of hydrocarbons to tackle energy poverty and ensure economic growth. Timmermans participation in AEW 2022 provides an opportunity for African countries to learn from these best practices. Leadership is needed at this time. Africa and the EU need to think about our energy relationship not in terms of a binary choice between production of oil, natural gas and coal and climate change mitigation, but rather in terms of the context of energy security and a just energy transition Rising energy prices and conflicts underline the urgency to do both. After long conversations with the EU, I believe that Africa and Europe can rise to the challenge and achieve our goals. he last meeting of the African and European public and private sector before COP 27. We plan to announce billions of dollars of investments and s in the meantime. We will go from Cape Town to Cairo. We have a lot of work to do. Let’s get to work,” says NJ Ayuk, Executive Chairman of the AEC.

Timmermans has also led Europe’s negotiations with other major international greenhouse gas emitters and as such his participation in AEW 2022 will bring vast knowledge and experience on carbon reduction solutions. and policy adjustments, which African hydrocarbon producers can replicate to reduce emissions while attracting international finance. and European investors to maximize the production and use of oil and gas resources. Africans continue to push for the development of existing gas projects, particularly in Mozambique, Tanzania, Nigeria, Algeria, Namibia, Equatorial Guinea, Mauritania, Congo and Senegal.

Meanwhile, while Africa is steadily diversifying its energy mix with the deployment of renewable energy, the lack of adequate financing and high upfront costs associated with renewable energy projects have slowed the penetration of green energy in Africa. Faced with the EU’s pledge to invest 150 billion euros ($164.7 billion) in Africa’s green transition at the 2022 African Union-European Union Summit in Brussels, countries ripe for l renewable energy investment such as South Africa, Egypt, Morocco and Mauritius stand to benefit from Timmermans’ attendance at AEW 2022, where the VP will participate in investor forums, panel discussions and high-level meetings with African energy ministers and industry stakeholders.

Furthermore, with the deployment of hydrogen at the top of the EU’s green transition strategy, the Vice President’s participation in AEW 2022 offers opportunities for collaboration, energy investment and export for African countries such as South Africa, Niger, Egypt, Morocco, Namibia and Egypt that have already put in place the regulatory frameworks to support deployment or already have projects in the pipeline. At AEW 2022, Timmermans will showcase opportunities for Africa and Europe in leveraging gas and hydrogen to drive the energy transition and meet growing energy demand. The Executive Vice President represents an ideal point of contact for Africa-Europe relations and attendees of AEW 2022 will benefit from this.

Distributed by APO Group for the African Energy Chamber.

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About AEW2022:
AEW 2022 is the AEC’s annual conference, expo and networking event. AEW 2022 brings together African energy players with international investors and partners to drive industry growth and development and promote Africa as an energy investment destination. Key organizations such as the African Petroleum Producers Organization, as well as African heavyweights including Equatorial Guinea and Nigeria, have partnered with AEW, cementing the role the event will play in the future. energy of Africa.

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THE SOURCE: African Energy Chamber

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