Investing in African Energy Sector, Critical to EU – Expert

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Eni Oil and Gas Chief Executive Officer (CEO), Mr Claudio Descalzi, says that Africa has the potential to power the European Union in years to come.

This is contained in a statement made available to newsmen in Abuja by the CEO.

Descalzi said global energy companies had a unique role to play in helping to develop energy sources in Africa.

He projected that Africa would soon become a source of energy supply to the world and themselves.

“Africa represents an enormous opportunity because there is a strong complementarity with Europe. We must invest in infrastructure in Africa.

“We must work with Africa to create an environment of peace and security. But this cannot be entrusted only to oil companies or the market. It is also a political issue,’’ he said.

Descalzi said that at the moment, his company was exploring low cost natural gas like the Liquefied Natural Gas in Mozambique.

He urged other operators to invest in Africa, especially the sub-Saharan, to quickly realise the potential the continent holds.

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