Caps is described as a ‘game-changing project’ for Central Africa
Central Africa eyes regional pipeline network
Ambitious plans for a cross-border network of oil and gas pipelines in central Africa have some significant backers but will likely struggle to secure funds from traditional sources
Seven central African nations—Angola, Cameroon, Chad, Congo-Brazzaville, the Democratic Republic of Congo (DRC), Equatorial Guinea and Gabon—signed a memorandum of understanding (MoU) in early September to cooperate on developing the proposed Central African Pipeline System (Caps) for oil and gas transshipment within the region. The African Petroleum Producers’ Organisation (Appo) and the Central Africa Business Forum were also signatories to the MoU, which paves the way for feasibility studies to be carried out. The goal of the project is “to boost energy supply within the region, reduce dependence on imports of refined products, and eradicate energy poverty by 2030”, according to a stateme
Also in this section
2 December 2024
Crucial role of gas means country is laying the foundations to control physical and trading supply chains
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
Although Iraq remains a major crude exporter, it is still some way from becoming a regional energy supply hub. Ambitious new cross-border schemes aim to rectify that situation
29 November 2024
There are opportunities for attractive returns and greater project success amid a real push by the Iraqi government for reform, as long as there is a shared understanding between the needs of investors and the host government
