{"id":375058,"date":"2025-05-15T20:00:00","date_gmt":"2025-05-15T18:00:00","guid":{"rendered":"https:\/\/informante.web.na\/?p=375058"},"modified":"2025-05-15T20:31:37","modified_gmt":"2025-05-15T18:31:37","slug":"totalenergies-mike-sangster-talks-multi-energy-strategy-at-invest-in-african-energy-iae-2025","status":"publish","type":"post","link":"https:\/\/informante.web.na\/?p=375058","title":{"rendered":"TotalEnergies’ Mike Sangster talks multi-energy strategy at Invest in African Energy (IAE) 2025"},"content":{"rendered":"\n

Business Reporter<\/p>\n\n\n\n

MIKE Sangster, Senior Vice President for Africa at TotalEnergies, outlined the company\u2019s multi-energy strategy in Africa at the Invest in African Energy (IAE) 2025 Forum in Paris.<\/p>\n\n\n\n

In Namibia, the company is spearheading efforts to produce first oil by 2029 through its Venus project. A field development plan is currently underway, with plans to make a final investment decision by Q4 2026. Given the complexity of the deepwater project, Venus will target oil production.<\/p>\n\n\n\n

\u201cThe site is extremely remote, 300 km offshore and at a depth of 1,900 m,\u201d Sangster said, highlighting that much of the associated gas discovered would need to be reinjected.<\/p>\n\n\n

\n
\"\"<\/figure>\n<\/div>\n\n\n

PICTURED: Senior Vice President for Africa at TotalEnergies, Mike Sangster. Photo: Contributed<\/p>\n\n\n\n

\n\n\n\n

Speaking during a one-on-one conversation with America Hernandez, Energy Correspondent at Reuters, Sangster said that the company is committed to producing more energy in a sustainable manner.<\/p>\n\n\n\n

In the oil sector, TotalEnergies continues to invest in established markets such as the Republic of Congo and Angola, as well as in emerging markets such as Namibia, Uganda, and South Africa. According to Sangster, TotalEnergies\u2019 African portfolio constitutes half of the company\u2019s operated production globally. \u201cThe largest part of our exploration budget is also in Africa,\u201d he said.<\/p>\n\n\n\n

In South Africa, the company hopes to start drilling in 2026. The company is currently awaiting the requisite permits.<\/p>\n\n\n\n

Monetizing Africa\u2019s natural gas resources through LNG deployment and flare reduction represents a core part of TotalEnergies\u2019 African strategy. \u201cPart of our growth target is focused on LNG,\u201d Sangster said, adding that \u201cwe finished routine flaring in Nigeria, Gabon, and Angola. In the Republic of Congo, we will eliminate flaring this year.\u201d<\/p>\n\n\n\n

In Nigeria, TotalEnergies is ramping up gas investments to support both local energy needs and exports. \u201cIt\u2019s important to monetize gas and its reservoirs,\u201d Sangster added. \u201cIn Nigeria, there are significant reserves and we are actively developing this sector. There are high-quality fields that can also serve export markets.\u201d<\/p>\n\n\n\n

Beyond oil and gas investments, TotalEnergies\u2019 broader energy strategy includes the development of renewable energy projects. Sangster reiterated TotalEnergies\u2019 rebranding from an oil major to a multi-energy company, stating that \u201cIt makes sense to expand integrated energy activities. We have invested in renewables, green hydrogen, and even mining in Africa. The future of our industry is integrated energy combined with new technologies to meet growing demand sustainably.\u201d<\/p>\n\n\n\n

Meanwhile, TotalEnergies is committed to supporting capacity building across the markets in which it operates. Sangster explained that through projects such as Tilenga, TotalEnergies \u201chas generated around 20,000 direct jobs in Uganda and Tanzania. We are also training 200 local people. These are high-paying jobs that will be there for the next 20 years.\u201d<\/p>\n\n\n\n

In Nigeria, TotalEnergies works closely with local educational institutions to transfer skills and enhance capacity building. \u201cIn Nigeria, we have the Petroleum Institute, and we\u2019re fully committed to developing [capacity] in the country,\u201d Sangster said. These initiatives not only support the development of projects but create tangible opportunities for local communities.<\/p>\n\n\n\n

Source: Energy Capital & Power<\/p>\n","protected":false},"excerpt":{"rendered":"

Business Reporter MIKE Sangster, Senior Vice President for Africa at TotalEnergies, outlined the company\u2019s multi-energy strategy in Africa at the Invest in African Energy (IAE) 2025 Forum in Paris. In Namibia, the company is spearheading efforts to produce first oil by 2029 through its Venus project. A field development plan is currently underway, with plans …<\/p>\n","protected":false},"author":10,"featured_media":375061,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,24],"tags":[],"class_list":["post-375058","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news"],"yoast_head":"\nTotalEnergies' Mike Sangster talks multi-energy strategy at Invest in African Energy (IAE) 2025 - Informant\u00e9<\/title>\n<meta name=\"description\" content=\"MIKE Sangster, Senior Vice President for Africa at TotalEnergies, outlined the company\u2019s multi-energy strategy in Africa at the Invest...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/informante.web.na\/?p=375058\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TotalEnergies' Mike Sangster talks multi-energy strategy at Invest in African Energy (IAE) 2025 - 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