North Africa is strengthening its position in the global energy sector as the region advances in oil and gas, hydrogen, and renewable energy projects. With both mature and emerging markets attracting global investors, African Energy Week 2025: Invest in African Energies will highlight key developments and investment opportunities in the region.
Libya focuses on exploration and gas utilisation
Libya is expanding exploration activities in the Ghadames, Sirte, and Murzuq basins, with an upcoming 22-block licensing round aimed at attracting international oil companies. The National Oil Corporation is implementing 45 greenfield and brownfield projects to increase oil production to 2 million barrels per day.
Gas projects are also a priority, with the Structures A&E Project aiming to enhance domestic supply and export to Europe. The Bouri Gas Utilisation Project seeks to recover hydrocarbons from associated gas, targeting a reduction of 1.5 million tons of CO2 emissions annually.
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Algeria invests in gas and renewable energy
The Algerian government has allocated $50 billion for oil and gas projects through 2027, focusing on increasing production from key assets like the Hassi R’Mel field. The country aims to produce 200 billion cubic meters of gas annually within five years and reach 1.2 million barrels per day in 2025.
International companies are increasing operations in Algeria. ExxonMobil and Chevron are exploring in the Ahnet, Gourara, and Berkine basins. TotalEnergies is leading gas development in Timimoun, while Eni and Equinor are revitalising the In Salah and In Amenas fields. Sinopec is focusing on complex reservoir development and workforce training.
Algeria is also advancing hydrogen energy through the SoutH2 Corridor project, which repurposes natural gas pipelines for green hydrogen transport to Europe. The initiative strengthens Algeria’s role in global hydrogen supply chains.
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Egypt expands oil and gas production
Egypt is enhancing oil and gas production with new licensing rounds and infrastructure projects. The latest round offers 13 exploration and production blocks in the Mediterranean and Nile Delta to attract international investment.
Major companies such as bp, Eni, and ExxonMobil are involved in expanding Egypt’s energy sector. In 2025, Eni will drill two development wells in the Zohr gas field, which has contributed significantly to the country’s gas production. The Egyptian Natural Gas Holding Company is investing $434 million in exploration, reinforcing Egypt’s position as a key energy player in Africa and the Mediterranean.
Morocco develops gas and renewable projects
Morocco is focusing on energy diversification with major investments in gas and renewable energy. The Nigeria-Morocco Gas Pipeline, a 5,600-kilometre project, aims to supply gas to multiple countries in West and North Africa. Initial tenders for the project are expected this year.
The country is also investing in clean energy, with six green hydrogen projects valued at $32.5 billion. Additionally, Morocco plans to invest $3 billion in upgrading its national electricity grid by 2030. The country aims to generate 52% of its electricity from renewables by that time and is home to one of the world’s largest concentrated solar power plants.
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Regional energy outlook
“As North Africa’s energy sector continues to evolve, AEW 2025: Invest in African Energies will spotlight the region’s growing importance in the global energy mix. With vast natural resources, ongoing infrastructure developments and ambitious renewable energy targets, North Africa is poised to play a central role in shaping the future of global energy while pioneering a balanced fossil fuel and renewable development strategy for the world,” says Ore Onagbesan, Program Director, African Energy Week.
With strong investment in oil, gas, and renewable energy, North Africa is positioning itself as a key energy hub. The region’s efforts in infrastructure development and green energy expansion offer significant opportunities for global investors.
