2018 will see the East Africa Oil & Gas Summit celebrate its 5th Anniversary as the most prestigious oil and gas summit in the region.
Significant onshore oil discoveries in Uganda and Kenya and offshore gas discoveries in Tanzania and Mozambique have made East Africa a subject of intense interest among the global energy industry.
The speed at which governments in East Africa are developing hydrocarbon reserves is a clear indication of their will to cement the region’s reputation as the new hotspot in hydrocarbon exploration and production. Recently, Tanzanian President John Magufuli ordered that exploitation of natural gas begin as a matter of urgency, whilst Kenya’s President Uhuru Kenyatta announced that the government has brought forward the country’s oil production deadline by two years and ‘set a path’ that will enable the country to become a major producer and exporter by 2019. Tullow Oil will now send the country’s first barrels of oil to the market in March 2017, with exports expected soon after.