To shift Europe away from reliance on Russian energy, discussions point to building a transcontinental energy corridor linking Europe and Africa. In comments shared with a leading financial publication, the chief executive of a major Italian energy group outlined a strategic vision for this axis. He emphasized that closer collaboration with Africa could create a south-north energy link that spans both continents, a framework aimed at diversifying supply as Europe looks to replace Russian gas. The executive argued that Europe has a robust industrial base but less production capacity, while Africa possesses abundant energy resources that could be developed to meet European demand. The pairing, he suggested, would be highly complementary, with Europe contributing technology and investment, and Africa expanding its energy sector and infrastructure. The overall message underscored a shift in approach: instead of defaulting to distant producers, Europe could partner with Africa to build resilient, long-term energy options that support economic growth on the continent and regional energy security across Europe.
Reflecting on the year 2022, the executive noted that substituting roughly 20 billion cubic meters of gas previously imported from Russia represented a priority, and Africa emerged as the preferred destination for these substitutions. He credited strategic investments on the African continent for making these transactions feasible, especially at a time when other countries were slower to commit capital. The implication is that early and sustained involvement in Africa’s energy landscape can yield tangible results, enabling Europe to diversify supplies while supporting African energy expansion.
Beyond gas, the executive highlighted that revenue from new oil and gas projects could fund investments in clean energy projects across African nations. This income would help finance transitions toward lower-emission energy systems, aligning economic development with environmental goals. The interview also noted that other major energy players are pursuing Africa-focused initiatives, pointing to a broad ecosystem of investment. For instance, a well-known British energy company recently signed an agreement to explore the feasibility of producing and exporting hydrogen in a manner that prioritizes environmental sustainability. The collaboration signals a growing interest in low-carbon fuels and regional energy hubs that could serve both sides of the Atlantic. (Attribution: Financial Times interview with Claudio Descalzi, CEO of the referenced energy group.)
Looking ahead, there is mention of a significant project in the Republic of Congo. The organization disclosed plans to commission a second floating liquefied natural gas facility, with a projected capacity of about 2.4 million tonnes per year. Such a project would add supply flexibility and help stabilize regional markets, reinforcing the notion that Africa can play a central role in meeting both its own energy needs and those of partner regions. The broader takeaway emphasizes a practical, collaborative approach: Africa expands its energy capabilities, Europe secures diversified sources, and together they form a more resilient continental energy framework that can adapt to shifting geopolitical tides. The conversation remains anchored in concrete investments, shared technology transfer, and proactive infrastructure development that benefit multiple economies across the region.