Mines minister Tom Alweendo launched the Energy Invest: Namibia 2023 report in Cape Town on 17 October on the sidelines of the ongoing Africa Energy Week.
The report covers Namibia’s oil, natural gas, power, mining and renewable energy sectors.
Alweendo said Namibia is set to introduce many market policies to ensure that in-country value is generated from these oil and gas resources.
The minister also said Namibia intends to manage the oil and gas sector to transform the economy.
“We have put together a book about Namibia’s energy sector, which provides much information about our country. I hope we will all have a copy of this book to help understand what Namibia is all about,” Alweendo said.
The report covers the upstream exploration and downstream processing capacity and follows Namibia’s timeline to first oil and ambitious plans to become the energy capital of the continent by 2030.
Additionally, the report examines the role of attractive petroleum contracts and guaranteed fiscal stability in ensuring timely FIDs and the establishment of necessary on- and offshore infrastructure to support continued exploration.
There is a dedicated energy transition chapter that explores how Namibia can leapfrog certain stages of carbon-intensive development and generate new areas of investment in green manufacturing and synthetic fuels.
Yet another chapter deals with regional integration and local beneficiation, which also emerge as key themes to create shared opportunities and boost energy trade and investment within the Southern African Development Community.
Angolan service providers who want to expand into Namibia are also featured in the report.
Energy Capital & Power, with the mines ministry’s endorsement, produced the report.
Namcor, Bank of Namibia, African Energy Chamber, Nampoa, ReconAfrica, Daures Green Hydrogen, BW Kudu, Chamber of Mines, Namdock, The Pupkewitz Group of Companies, Paratus Group, SSGV, Sonair, SONILS, CABSHIP and MGP Investment, among others funded the publication.
