Congo plans to establish a state-owned gas company by the third quarter of 2024.
Priority will be given to utilizing Congolese gas domestically, with gas, LPG (liquefied petroleum gas), and LNG (liquefied natural gas) as the primary targets. Any surplus will be exported to neighboring countries, prioritizing regional energy needs.
The government acknowledges the importance of public-private partnerships to develop integrated gas projects. They aim to attract investment for increased production and market stability. A 60% rise in oil production is expected over the next one to two years, supported by recent mergers and acquisitions in the sector.
The government emphasizes creating a favorable business environment to attract investors for collaborative solutions in the energy sector. Minister Itoua highlighted the dual priorities of ensuring energy security while transitioning towards cleaner energy sources. Universal access to electricity and clean cooking solutions are major goals for both Congo and Africa as a whole.
Overall, the Republic of Congo’s strategy signifies a significant shift in their energy approach. By establishing a national gas company, prioritizing domestic needs, and fostering collaboration, they aim to become a prominent player in the regional gas market while remaining committed to responsible energy development.
ARD/ac/fss/abj/APA with APO Group