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The African Energy Chamber (AEC) – the voice of the African energy sector – is pleased to announce that energy and commodities information company S&P Global Commodity Insights has joined the Chamber as an official strategic partner. With this strategic partnership, the AEC and S&P Global Commodity Insights aim to deliver high-level market intelligence to attract capital, technology and expertise to markets throughout the continent, with a view to driving socioeconomic development and eradicating energy poverty across Africa by 2030.

S&P Global Commodity Insights is an independent source of information, credit ratings, benchmark prices and analytics for global energy and commodities markets. The company offers market data, expertise and technology solutions to businesses, governments and regulators, helping them make informed decisions and drive sustainable, forward-thinking solutions. Through this partnership, S&P Global Commodity Insights will collaborate closely with the AEC by leveraging deep market insights and analysis through research experts and thought leaders, aiming to shape complex discussions on global energy supply chains, sustainability and the energy transition.

Africa’s energy market is expected to face a number of challenges and opportunities in 2025, shaped by domestic and regional energy growth and global trends. The continent is seeing significant additions to refining capacity solutions, notably with the Dangote refinery in Nigeria, the largest in Africa. Already in 2025, Senegal and Mauritania achieved a major milestone with the start of operations at the Greater Tortue Ahmeyim development, marking the beginning offshore LNG production North West Africa.

Looking to boost natural gas production while maintaining crude output above one million barrels per day (bpd) beyond 2027, 2025 promises to be an exciting year for Angola’s energy industry. S&P Global Commodity Insights suggests infrastructure-led exploration (ILX) as critical in maintaining crude production in Angola. While ILX is a key piece in the puzzle, on its own, it will not suspend production declines. The exploration of Angola’s frontiers is critical in establishing longer term production stability. With its open and pragmatic government focused on driving investment, Angola’s frontiers are attracting explores. In addition, a robust foundation comprising logistics bases, maritime terminals, LNG and refining facilities equips explores to expediate the development of newly discovered resource.

Libya’s target to boost oil production to 2 million bpd by 2027 has positioned the country on track for a dynamic energy sector transformation. International energy companies like TotalEnergies, Eni, Repsol, OMV and bp have restarted exploration and drilling activities in the country. In addition, a licensing round for exploration acreage is expected to open. Greenfield and brownfield development projects are being progressed. Eni is progressing an $8 billion gas development project. This project is driving investor confidence and will ultimately result in regional energy security.

On the back of a five-year licensing plan, Algeria has positioned itself for increase upstream investment and capital injection to drive new exploration activities. The country plans to inject nearly $50 billion into hydrocarbon projects over the next four years, 71% of which will be directed to exploration and production. With crude oil reserves estimated at 12.2 billion barrels – the third largest in Africa and tenth largest globally – and home to approximately 159 trillion cubic feet of natural gas reserves, Algeria offers the change for companies to make high-impact discoveries.

As such, the continent’s oil production in 2025 is projected to remain stable, with key players like Nigeria, Angola and Libya aiming to maintain or boost production. Natural gas will play an increasingly important role in Africa’s power sector. Investments in LNG is poised to increase, especially in West Africa. New deepwater regions like Ivory Coast and Namibia may further bolster supply. While investors are cautiously optimistic, the exploration sector has seen rebound in interest from international companies, looking at opportunities in Africa for new reserves.

“This collaboration with S&P Global Commodity Insights will leverage expertise of the energy sector to help shape the future of energy on the continent, enabling us to tackle the challenges of energy poverty and drive socioeconomic development in line with our 2030 goals. As we work to harness Africa’s vast natural resources, this partnership ensures we are not only making informed decisions but also fostering sustainable, impactful solutions for the future of Africa and the world,” states Tomás Gerbasio, VP Commercial and Strategic Engagement.

The partnership between the AEC and S&P Global Commodity Insights reaffirms the Chamber’s dedication to propelling Africa’s energy sector forward through impactful discussions, cutting-edge solutions and global market analytics. As the voice of the African energy sector, the Chamber looks forward to fostering this collaboration for many years to come.