SANPC Concludes Successful Africa Energy Week Participation

The South African National Petroleum Company (SANPC) concluded its successful engagement at Africa Energy Week (AEW) 2024, marking the first leg of its Investor Roadshow Program, which will continue across Africa, the Middle East, and Europe.

The networking stakeholder breakfast session with Hon. Gwede Mantashe, Minister of Mineral and Petroleum Resources affirms SANPC’s central role in advancing South Africa’s energy sector. The Minister and CEO outlined SANPC’s strategic overview including its mission to drive operational efficiencies, streamline the Group’s value chain, and strengthen South Africa’s energy independence. Moagi emphasised SANPC’s role as a catalyst for economic growth and job creation through an integrated approach across the energy value chain

“SANPC represents a new era for South Africa’s energy landscape. To improve operational efficiency within the Central Energy Fund (CEF) value chain and deliver shareholder value, we sought to minimise duplications that inhibit the Group from being a catalyst to reigniting the South African economy. We understood that merging these three entities will further result in enhanced cost reductions, integrated common systems and processes, and improved shared service models to maintain strategic relevance and sustain a competitive edge in a rapidly changing oil and gas industry”, said Hon. Gwede Mantashe, Minister of Mineral and Petroleum Resources.

In his remarks, Moagi detailed SANPC’s vision to enhance South Africa’s position as a significant player in the regional energy sector. By merging IGas, PetroSA, and SFF into SANPC, the organisation aims to address commercial sustainability and the government’s call for state-owned enterprises to contribute meaningfully to economic recovery. The consolidation creates a foundation to support growth and energy resilience across South Africa and the broader Southern African region.

“SANPC’s growth strategy is centred on repurposing state-owned energy assets to drive regional development, strengthen South Africa’s energy security, and position itself as an integrated African energy leader.”

“SANPC aims to foster knowledge-sharing and joint development projects that align with Africa’s emerging energy markets through strategic partnerships, including potential collaborations with global leaders like Petrobras. Committed to sustainable operations, SANPC is leveraging South Africa’s vast gas reserves to create a resilient energy infrastructure that supports economic transformation within South Africa and across the broader Southern African region.” commented Mr Godfrey Moagi, SANPC CEO.

SANPC’s vision for the future includes stakeholder collaboration on initiatives designed to accelerate energy development in Southern Africa. Backed by investor-friendly policies, robust infrastructure, and a commitment to social and environmental responsibility, SANPC provides a strategic platform for investors and partners to participate in South Africa’s energy evolution.

In closing, Mr Moagi invited stakeholders to join SANPC on its journey to become a leading integrated energy company in Africa. “We aim to work with partners and stakeholders to drive sustainable growth and mutual value. Together, we will create a resilient and prosperous energy future for South Africa and the region,” he said.