Frank Fannon, former US Assistant Secretary of State for Energy Resources and current Managing Director of energy advisory firm Fannon Global Advisors, will travel to Cape Town to discuss energy security, global investment trends and green energy at the 2022 edition of Africa’s premier event for the energy sector, African Energy Week (AEW), which will take place from 18 to 21 October 2022 in Cape Town. After winning the 2021 Lifetime Achievement Award at AEW 2021 for his dedication to improving Africa’s energy landscape to eradicate energy poverty by 2030, Fannon’s attendance at AEW 2022 will be crucial in further improving relations. U.S.-African energy sources while leading discussions on the need to prioritize African energy security.
During his tenure as a U.S. energy diplomat, Fannon led and brokered the entry of various U.S. government initiatives in several energy markets, including the Indo-Pacific, the Americas, Europe, Middle East and North Africa. Notably, Fannon participated in discussions held at the US-Nigeria Binational Commission meeting held in Washington D.C. in January 2020 on the role that US institutions could play in enhancing Nigeria’s upstream investments and in supporting the Nigerian National Petroleum Corporation with its infrastructure. development projects. With the theme for AEW 2022 comprising “Exploring and Investing in Africa’s Energy Future While Creating an Enabling Environment,” Fannon will be instrumental, highlighting investment opportunities for U.S. organizations such as the US International Development Finance Corporation and the US Trade and Development Agency, as well as pioneering opportunities for companies such as Chevron, ExxonMobil and Kosmos Energy, most of which already have a strong presence in the sector energy in Africa.
However, Fannon’s expertise will go even further at the event, as he leads discussions centered on the need for Africa to prioritize energy security in 2022 and beyond. As the Russia-Ukraine crisis disrupts global supply chains and causes global price spikes, Europe is actively seeking alternative sources of supply to provide security and price control. While this is important for global markets, Fannon underscored and continues to underscore Africa’s position, with the diplomat making a strong case for the domestic use of resources in Africa to ensure access to reliable and efficient electricity. affordable across the continent. After all, Fannon notes that reliable and affordable electricity is not just a European expectation but a global one, and therefore his participation in AEW 2022 will be essential.
“Despite the significant resources present, Africa has one of the highest energy poverty rates in the world due to a lack of investment in exploration and production as well as infrastructure development. As continental players seek to attract investment and spur development across multiple sectors and across the energy value chain, the United States has emerged as an ideal partner for investment, knowledge transfer and partnerships. With Fannon returning to AEW for its 2022 edition, bilateral cooperation will only improve further as he seeks to broaden discussions on global energy security issues, green dialogue and poverty alleviation. energy in Africa,” said NJ Ayuk, Executive Chairman of the ACS.
Prior to his position with the US State Department, Fannon was a senior director of the US natural gas liquids company, Murphy Oil Corporation, where he led the company in its first operated development in West Africa in the gas field. ‘Azurite in the South Deep Sea block. , off the Republic of Congo. The company leveraged Fannon’s experience in negotiating oil production sharing contracts, improving production from the well to 40,000 barrels of oil per day. Fannon also facilitated the company’s entry into various countries, expanding its experience within the oil industry in various markets. In this regard, Fannon’s knowledge and expertise on American and African energy will be instrumental in the discussions held in Cape Town in October.
During this time, Fannon also served as chief executive of US multinational mining company BHP, where he focused on climate change mitigation and environmental resilience. As global climate change strategies disrupt oil and gas industry business models, Fannon’s attendance at AEW 2022 will be critical for oil and gas companies looking to explore best practices and business cases. that can help them align their operations with environmental sustainability and reduced greenhouse gas emissions. Strategies. Fannon continues to call for a more inclusive green dialogue, especially in renewable energy rich countries in Africa.
At AEW 2022, Fannon will participate in panel discussions and high-level meetings where he will offer insight into investment trends, partner selection and deal signing as well as energy security, ushering in a new era of enhanced US-Africa engagement and multi-lateral energy dialogue. Fannon is a strong advocate for Africa’s energy future and will be instrumental in all energy security discussions, investments and policy changes.
Distributed by APO Group for the African Energy Chamber.
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About AEW 2022:
AEW 2022 is the AEC’s annual conference, exhibition 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.