The first day and launch night of gasworld’s third African conference is less than 12 hours away – with delegates set to discover about the future investment and the supply chain in this region.
According to Spiritus Group’s John Raquet, who spoke at gasworld’s inaugural African conference in June 2008, the continent’s market was ‘valued at $1.3bn in 2007’. Fast forward five years to the present day and it would only seem right that gasworld return, with its successful and popular conference programme, to the Johannesburg to discover the country has too enjoyed much growth and has a very promising future ahead of it.
An abundance of natural resources including natural gas, oil and minerals is driving investment in the African continent, resulting in rapid demand (+15% per annum growth) for industrial gases. So two and half years on from our last African gases conference in Nairobi and gasworld returns to the largest market in Africa - Johanessburg.
At a market size of US$1.7bn, the African Continent is primed to take–off but strategic investments need to be made across all regions to ensure sufficient products/gases are available to meet the demand. Increased discoveries of natural resources and existing reserves are being recovered at an increasing level, and the continent has become an important supplier to global markets and is attracting increased international investment in extraction, production and support Industries. All which are significant drivers to industrial gas growth.
The supply dynamics are also changing rapidly; some regions remain short of some of the basic industrial gases, while others have surpluses and need to develop/introduce applications that will take up some of the surpluses.
gasworld’s third African Conference is set to address the investments that are needed to be made by our industry and also provide a platform to discuss the supply chain issues - to ensure Africa can maximise its potential as one of the fastest growth markets in the world for industrial gases.
Delegates will be registering for the three day event today, with the popular pre-conference cocktail party beginning tonight from 7pm.
The cocktail party has been sponsored by Global Gases.