Sheila Addo calls for regional cooperation to boost Africa's energy security

Industry experts and policymakers gathered at the OTL Africa Downstream Energy Week have underscored the critical necessity for African nations to bolster their energy security and attract significant infrastructure investment. Speaking during the Africa Energy Outlook session, Dr. Sheila Addo, the Deputy Chief Executive of the National Petroleum Authority (NPA), chaired a panel that addressed the vulnerabilities of the continent's energy systems. The discussions centered on creating a robust framework that can withstand global market volatility and ensure a steady supply of energy for Africa's growing economies. The panel identified several pressing challenges, most notably the frequent disruptions in the global energy market and the continent's continued reliance on imported refined fuels. Participants emphasized that for Africa to achieve true energy independence, there must be a concerted effort to develop resilient energy systems through increased capital injection. By focusing on local infrastructure, nations can better protect their economies from the price fluctuations and supply chain bottlenecks that often characterize international oil and gas markets. Central to the proposed strategy is the enhancement of regional cooperation and the implementation of policies that promote self-sufficiency. The experts advocated for the expansion of local production and refining capacities, arguing that reducing the dependence on foreign fuel imports is essential for long-term stability. This regional approach would allow African countries to share resources and expertise, creating a more integrated and powerful energy market capable of serving the continent's internal needs more efficiently. Furthermore, the session highlighted the importance of a balanced energy transition that aligns with Africa’s specific developmental requirements. While acknowledging the global shift toward cleaner energy, the panel stressed that the transition must be managed realistically to avoid compromising economic growth. To facilitate this, the speakers called for greater regulatory certainty, noting that clear and stable legal frameworks are the primary drivers for attracting the private sector investments needed to modernize the energy sector and secure Africa's future.