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IEF Secretary General to Drive Discussions on Africa’s Energy Market at AEW 2023

By Moses Patience Chat

The African Energy Chamber (AEC) has announced that the Secretary General of the International Energy Forum (IEF), Joseph McMonigle, will foster discussions on how Africa can address energy market challenges and embrace energy transition-related opportunities during the African Energy Week (AEW) 2023.

The Executive Secretary (ES) of AEC, NJ Ayuk, who made the announcement, also noted that IEF plays a crucial role both in Africa and worldwide by fostering awareness and collaboration within the energy sector. 

He added that, through its efforts, IEF brings attention to the challenges, opportunities and emerging trends in the industry, and that  “by promoting awareness of African energy projects and linking various industries to the energy sector, IEF unites energy players and facilitates sustainable growth and development worldwide”.

Established three decades ago, IEF’s initial purpose was to foster collaboration between the Organization of Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA).

IEF has 72 member countries, representing energy producers, consumers and transit nations from across the globe. The Forum remains a vital force in facilitating international cooperation and dialogue within the energy sector.

The significance of organizations like OPEC and the IEA finding common ground cannot be over emphasized in achieving both energy security and a successful energy transition. As key players in the global energy sector, their cooperation and collaboration are essential to addressing the challenges posed by the dual objectives of securing energy supply while transitioning towards cleaner and more sustainable energy sources. 

By fostering dialogue and working together, they can develop strategies that ensure a stable energy supply while simultaneously promoting and supporting the adoption of renewable energy technologies.

Ayuk also noted that the expertise of the IEF Boss will optimize production, address skill gaps and local content development, while promoting energy reliability and economic growth.

Several African countries have emerged as key players in OPEC, contributing significantly to the organization’s oil production and exports. Nations such as Nigeria, Angola and Algeria are notable oil producers, supplying a substantial portion of the world’s oil demand. Their membership in OPEC allows them to have a voice in shaping global oil policies and decision-making processes.

 IEF acknowledges the need to collaborate closely with African OPEC members to tackle energy-related challenges and seek shared objectives. It serves as a bridge between energy-producing and -consuming nations and offers a forum for dialogue, cooperation and knowledge sharing.

Additionally,IEF plays a vital role in promoting energy security for both African OPEC members and energy-importing countries. By fostering dialogue between producing and consuming nations, the IEF contributes to stable energy markets and supply, which is crucial for the economic growth of African nations and their international trade relations.

According to Ayuk, with 20+ years of experience in energy-related issues and as Secretary General of  IEF, McMonigle is the ideal leader for high-level discussions on how Africa can tackle oil and gas industry constraints. His expertise will optimize production, address skill gaps and local content development, while promoting energy reliability and economic growth.

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