Gabriel Mbaga Obiang Lima will present the Central African Pipeline System (CAPS) at the African Energy Week 2024 conference. The 6,500-km pipeline network, connecting 11 Central African nations, aims to combat energy poverty and enhance regional economic development. CAPS will link oil, gas, and energy infrastructures, targeting a 2030 goal to make Central Africa an “energy poverty-free zone.” With several countries already committed, the project offers significant investment opportunities.
The Central African Pipeline System (CAPS) is making significant strides as a pivotal infrastructure project designed to boost energy access and foster economic development across Central Africa. Gabriel Mbaga Obiang Lima, President of the Strategic Partnership and Fund Committee of CAPS, will present an exclusive update at the African Energy Week (AEW) 2024 conference. His presentation will shed light on CAPS’ development scope, current progress, and the numerous investment opportunities tied to this ambitious project.
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The CAPS will cover a 6,500-kilometer pipeline network, linking the energy resources of 11 Central African countries. It will integrate essential infrastructure such as storage depots, LNG processing plants, refineries, and power plants, forming the backbone of the region’s energy ecosystem. The project’s goal is to alleviate energy poverty by providing affordable energy to the region, positioning Central Africa as an “energy poverty-free zone” by 2030.
To date, seven countries have signed a Memorandum of Understanding for CAPS development. At the AEW 2024 conference, Obiang Lima will offer insights into the project’s planning and construction stages, as well as anticipated timelines for its completion.
At the recent Angola Oil & Gas conference, Obiang Lima emphasized that CAPS will tackle critical challenges in food security, energy access, and industrialization across the region. He highlighted the economic and industrial benefits of pipeline systems, which ensure efficient, large-scale energy transport with minimal environmental impact. Additionally, pipelines stabilize fuel prices by mitigating transport-related costs, supporting both rural and urban areas.
NJ Ayuk, Executive Chairman of the African Energy Chamber, hailed the CAPS project as a “game-changer” for Central Africa, reinforcing regional cooperation and boosting energy security. He encouraged investors to seize the opportunity to be part of this transformative initiative.
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