Oil & Gas

East Africa is emerging as a strategic oil and gas frontier, attracting significant investor interest. Large-scale infrastructure projects like the East African Crude Oil Pipeline (EACOP) and Tanzania LNG are set to drive economic growth and solidify the region’s role in global energy markets. These projects have gained international attention, positioning East Africa as a key player in oil and gas investments and fostering economic partnerships.

EACOP, a 1,443-km pipeline, will begin exporting oil in 2026, linking Uganda’s Kingfisher and Tilenga oilfields to Tanzania’s Port of Tanga. The project has secured $2 billion in financing but requires an additional $3 billion to accelerate development. Key partners include TotalEnergies, CNOOC, and regional governments, with ongoing initiatives like training programs and security agreements to support the pipeline’s success.

The Tanzania LNG project aims to finalize its investment decision by 2028, capitalizing on its vast gas reserves. With an estimated $42 billion investment, Tanzania LNG could become the largest gas project in Eastern and Southern Africa. The government is renegotiating agreements with Shell, Equinor, and ExxonMobil, while fresh exploration efforts seek to attract further investment.

The African Energy Week (AEW) conference, set for September 29 to October 3 in Cape Town, will connect investors with East African projects. This event will play a critical role in addressing financing gaps and accelerating the development of EACOP and Tanzania LNG. With continued investment and collaboration, these projects could redefine East Africa’s energy sector and bolster regional economies.