May 21, 2024
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IAE 2024: Total Energies to Lead Multi-Energy Investment Strategy

One of the leading energy investors in Africa, TotalEnergies will deliver an opening keynote at the Invest in African Energy (IAE) 2024 – a two-day investment forum taking place in Paris next month. The keynote will ve delivered by TotalEnergies’ Senior Vice President for Africa Mike Sangster.

The company is currently spearheading a diversified, multi-energy approach targeting enhanced energy security and distribution to local and regional markets.

In Nigeria, the company started production from the Akpo West field last February – set to produce an additional 140 million cubic feet of gas per day by 2028 – and has announced plans to invest $6 billion in Nigeria’s gas production and deep offshore in the next few years.

While in Angola, the company is developing the Quiluma and Maboqueiro gas fields – Angola’s first non-associated natural gas projects – which will supply gas to the Angola LNG plant in Soyo to produce up to four billion cubic feet per year by 2026.

In Mozambique, TotalEnergies is in the process of restarting its $20-billion LNG project in 2024, as well as taking FID on a new LNG import terminal at the Port of Matola, which could enable first LNG exports to South Africa upon its completion.

The IAE is a platform that offers investment opportunities to African energy marketers and global investors. Scheduled to hold on May 14-15, 2024 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers.

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