Eager to capitalise on this growing interest , the government has put in place an ambitious growth agenda centred around private sector participation , and therefore has opened up lucrative opportunities for investors and project developers active across the entire energy value chain .

What makes Namibia ’ s energy market unique is that it is relatively undeveloped and yet offers significant potential across every facet of the natural and mineral resource sectors . On the oil and gas front , exploration efforts were rewarded by three major breakthroughs in 2022 and 2023 , with energy majors Shell , Total Energies and Qatar Energy announcing discoveries .

These finds have sparked an investor frenzy , with new E & P companies entering the market and active explorers accelerating exploration campaigns .

With the three new discoveries , Namibia ’ s gas-to-power play has become even more promising .

Downstream , the government is working towards putting the right infrastructure in place to support long-term economic growth . With the Southern African region experiencing an energy crisis , the Namibian government is prioritising power generation , with future oil and gas resources playing a role . Currently , the country ’ s gas-to-power strategy is spearheaded by the Kudu project , a major initiative aimed at leveraging offshore gas reserves for power generation .

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