The U.S. Department of Energy’s Assistant Secretary for Fossil Energy Steven Winberg gave a keynote address at Africa Oil Week in Cape Town, South Africa today.
Africa Oil Week is the leading business intelligence and transaction platform for the African oil and gas sector. At the plenary, top-level stakeholders discuss the future direction of Africa’s upstream oil and gas industry.
During his keynote address, Assistant Secretary Winberg discussed U.S.-African energy collaboration, the President’s desire to strengthen America’s partnerships with African countries, and the enormous potential for expanded energy development across Africa’s large and diverse continent.
“The United States and nations across Africa have strong and long-standing relationships that span critical areas of cooperation—from economic advancement to energy development—to improve the quality of life of Africans and to ensure a future of growth, prosperity, and opportunity across this vast continent,” said Assistant Secretary Winberg.
He explained that the Trump Administration seeks to strengthen America’s partnerships with African countries through commercial ties that enhance mutual prosperity. For example, the Administration’s Prosper Africa initiative will work with the private sector to produce sustainable and transparent development.
“Prosper Africa will mobilize and coordinate—for the first time ever—the full U.S. Government’s toolkit of approaches, capabilities, influence, and assistance to link the U.S. and continental Africa, while creating permanent jobs in the U.S. and in Africa,” said Assistant Secretary Winberg.
Assistant Secretary Winberg remarked that the Trump Administration wants African countries to thrive, prosper, and control their own destinies. He explained that two critical ways to create prosperity and security are through energy development and increased energy access.
“That, of course, is the goal of the Power Africa initiative, which aims to add more than 30,000 megawatts of cleaner, more-efficient electricity generation capacity and 60 million new home and business connections in Sub-Saharan Africa,” he stated. “Today, more than 14 million homes and businesses have been connected to on- and off-grid power, providing more than 73 million people with needed electricity—and making a real difference in peoples’ lives.”
Assistant Secretary Winberg noted that the United States is the world’s top producer of oil and natural gas and expects to be a net energy exporter next year. The U.S. Department of Energy supported the early research that helped expand the knowledge and understanding of shale gas, and it fostered the development of two critical technologies: horizontal drilling and advanced hydraulic fracturing. As a result, the United States is well positioned to share not only abundant oil and natural gas resources with other countries, but also the technology and know-how that helped unleash those resources.
“That transformative potential is not confined to the U.S. alone—it exists here in Africa, as well. And, the U.S. government and American companies welcome the opportunity to work with you to expand energy development in your countries,” said Assistant Secretary Winberg. “And, I can make this promise—we will partner with you on fair and equal terms that won’t imperil your long-term economic development or your sovereignty, and will help empower you to unleash your own ingenuity.”
Assistant Secretary Winberg’s prepared remarks from today’s session are available on the Office of Fossil Energy’s website here. In addition to the keynote, he spoke at the “Live CNBC Africa Broadcast: The Africa Oil Week Leaders Debate,” along with “Driving Growth in RSA’s Unconventional Industry” and “USA – Prosper Africa: Strengthening Bi-Lateral Trade and Investment between the U.S. and Africa.”