America As An Energy Importer: The Impact on Africa
Join the Africa Chapter of the Association of International Petroleum Negotiators and Centurion Law Group, Ghana for a presentation on the theme The United States Transition from Net Energy Importer to Net Energy Exporter: What This Means for Africa’s Producing Countries. Senior Associate and Energy Practice Leader Adaku Ufere will moderate the presentation. Click here to create an AIPN profile and register online for free.
The event will be held from 3 pm to 6 pm on Wednesday, May 9, 2018 at the Mövenpick Ambassador Hotel in Accra, Ghana.
Centurion Law Group is proud to support the AIPN’s Africa Chapter.
From the AIPN website (view original here):
- Moderator, Adaku Ufere, Senior Associate, Centurion Law Group
- Kwabena Baa, Adviser to the Minister of Energy
- Afetsi Awoonor, Petroleum Trader, Adelanto Oil
- Richmond Rockson, Principal Research Analyst for Institute for Energy Security (IES)
- Senyo Horsi, CEO, Chamber of Bulk Distribution Companies in Ghana
The United State Energy Information Administration (EIA) has projected that the United States will become a net energy exporter in 2022 in the newly released Annual Energy Outlook 2018 and there are indications that the United States may halt crude oil import from Nigeria by 2022, as it moves closer to becoming a net exporter of petroleum products.
As US companies divest their assets all over Africa, it seems to be producing African countries need to prepare for a future in which they may not be able to depend on the West anymore for crude exports. The Nigerian Minister of State for Petroleum, Dr. Ibe Kachikwu said recently that Nigeria would explore the possibility of selling crude oil to African markets. With the challenge being that most African countries are now also producing countries, Nigeria will have competition from other producing nations trying to capture the available free market.
Will this create a new intra-Africa trading market? Will this hasten the production of infrastructure to support this new venture? And how will the new Dangote Refinery set to begin production in 2020, be able to take advantage of this?
Registration is complimentary for all members and non-members. Please register online as space is limited.