The African Energy Chamber (AEC) (www. EnergyChamber. org), the voice of Africa’s energy sector, will announce the participation of Nassr-Edine Fatouhi, Vice President of Gas Liquefaction at Sonatrach, Algeria’s national oil company (NOC), in this year’s African Energy Week (AEW) Conference and Exhibition.
AEW 2023, which will take place October 16-20 in Cape Town, will host Fatouhi as a high-level panel discussion on investment and partnership opportunities in Algeria’s booming vegetable fuels and liquefied vegetable fuels (LNG) sectors.
Representing one of the world’s largest manufacturers and exporters of vegetable fuel and LNG, Fatouhi’s participation in AEW 2023 will play a role in shaping the debate on the most productive practices that will drive Africa’s energy renaissance, with a specific focus on fuel development. This engagement focuses on critical issues, adding energy security, decarbonization and affordability, jointly driving the continent’s sustainable energy agenda.
As the world’s seventh-largest fuels consortium and Africa’s largest fuels company, Sonatrach is a critical contributor to the sustainable expansion of the global energy industry. As energy demand continues to grow globally, Sonatrach’s operations continue to position Africa as a key contributor to the global energy industry. energy security. The company is a key energy supplier in overseas markets, specifically in Europe and the Asia-Pacific region. In 2021 and 2022, thanks to Sonatrach’s work, Algeria ranked second among European LNG exporters as the bloc faced supply chain disruptions. due to the Russia-Ukraine war.
While Algeria and Africa prioritize culpable progress and the efficient use of their fuel resources for sustainable growth, Sonatrach is at the forefront of the continent’s trade expansion.
The company has forged strategic partnerships with major global energy investors and players, with the usual goal of accelerating the growth and monetization of Algeria’s abundant reserves, which include 159 trillion cubic feet of natural gas. This global effort also extends to the revitalization of the entire energy price chain in Algeria.
In the first part of 2023 alone, Sonatrach announced the discovery of ten new oil and fuel fields, a milestone in the company’s ambitious $40 billion investment plan for the period 2023-2027.
In July, Sonatrach further increased its visibility by signing a strategic agreement with TotalEnergies for the development of the hydrocarbon-rich Algerian fuel fields Tin Fouyé Tabankort II (TFTII) and Tin Fouyé Tabankort Sud (TFT south), while bolstering its LNG capabilities.
Sonatrach’s experience extends beyond Algeria’s borders, influencing the industry’s expansion into regional and global markets, adding Tunisia, Libya, Mauritania, Mozambique, Angola, Nigeria, Italy, Spain, Portugal, England, the Netherlands and Peru. in combination with its partners Eni and bp, it effectively resumed operations in potential Libyan fuel blocks, marking a significant milestone after 20 years of signaling force majeure.
In the downstream sector, Sonatrach plays a central role in promoting the expansion of the African market. It operates Africa’s largest fuel refineries and is a major investor in startups. In June, the NOC awarded Petrofac a $1. 5 billion prime contract for the development of the Arzew shopping complex in western Algeria. This strategic move aligns with Sonatrach’s commitment to meet the growing demand for LNG and other petrochemicals, both locally and in wider regional and overseas markets, in Europe and the Asia-Pacific region.
In addition, the company is actively involved in several downstream projects, including the HMD 3 refinery structure, the PDHPP project, as well as the advancement of Skikda’s steam conversion and cracking facilities.
As Sonatrach continues to grow locally and internationally, Fatouhi’s participation in AEW 2023 is a transformative opportunity. It provides the Vice President with a strategic platform to interact with his African and global counterparts, facilitating discussions and the potential signing of industry-defining agreements.
“Sonatrach’s expertise and strategic investments have reshaped the entire global hydrocarbon and energy price chain. The company has consolidated its position as a fuel and LNG supplier globally, even amid significant market disruptions resulting from the COVID-19 pandemic and the Russia-Ukraine conflict. “As global energy demands are re-emerging, Sonatrach’s role in the expansion and sustainability of the global energy market continues to grow,” said NJ Ayuk, executive chairman of the ACS.
AEW 2022 brings together African powerhouses with foreign investors and partners to drive industry expansion and progress and promote Africa as an energy investment destination. Key organizations such as the African Organization of Oil Producers, as well as African heavyweights such as Equatorial Guinea and Nigeria, have partnered with AEW, reinforcing the role the occasion will play in the future of Africa’s power.
© Press 2023
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