As the Republic of Congo prepares to host the Congo Energy & Investment Forum (CEIF) 2025 from March 24-26, 2025, in Brazzaville, the spotlight is on the country’s upcoming Gas Code and its potential to transform the nation’s energy sector. In an exclusive interview with Energy Capital & Power (ECP), Yves Ollivier, Managing Director, and Daoudou Mohammad, Director of Tax & Legal at CLG Congo, shared insights into the regulatory reforms, investment opportunities, and the critical role of the Gas Code in unlocking Congo’s vast natural gas potential.
The Gas Code, expected to be finalized in 2025, is set to provide a clear and structured framework for gas exploration, production, and commercialization. This regulatory milestone aims to boost investor confidence and streamline the development of Congo’s natural gas reserves, which currently stand at 284 billion cubic meters. The draft Gas Code, developed in collaboration with international institutions, was presented to gas companies in late 2023 and is now undergoing final modifications before approval.
“The Gas Code will provide a clear legislative framework for gas monetization, fiscal terms, and resource management,” said Daoudou Mohammad. “It is a crucial step toward creating a competitive and structured industry that attracts foreign investment.”
As a leading legal and commercial advisory firm in the energy sector, CLG Congo has been instrumental in facilitating major transactions and regulatory reforms. In 2024, CLG played a pivotal role in Trident Energy’s acquisition of interests in the Lianzi, Nkosa, Nsoko 2, and Moho Bilondo fields from Chevron and TotalEnergies. This acquisition underscores CLG’s expertise in navigating complex energy transactions and its commitment to supporting Congo’s energy ambitions.
“We are honored to partner with Energy Capital & Power as legal counsel for CEIF 2025,” said Yves Ollivier. “Our participation in major energy events, such as African Energy Week, allows us to expand our client base and contribute to the growth of Congo’s energy sector.”
Congo’s legislative framework has been designed to attract foreign investment, particularly in the hydrocarbons sector, which accounts for 80% of direct investments in the country. The 2016 Hydrocarbons Code introduced competitive bidding for exploration rights, increasing transparency and investor confidence. Additionally, the government offers fiscal incentives, including corporate tax exemptions and progressive tax reductions for oil and gas projects, negotiated within Production Sharing Contracts.
Customs incentives, such as the IM5 temporary import regime, allow tax-free equipment imports under the condition of re-export, further lowering entry costs for investors. These measures, combined with the upcoming Gas Code, are expected to enhance profitability and attract new investments in the energy sector.
Despite these advancements, challenges remain. The 2023 VAT decree (2023-1337), which extends VAT to previously exempt oil and gas operations, has sparked discussions between the government and industry players. Finding a compromise that balances fiscal needs with industry concerns is critical to maintaining a competitive investment environment.
Local content development is another area requiring attention. While the 2019 local content decrees mandate 70% Congolese employment in management roles, enforcement remains inconsistent. Strengthening verification processes and ensuring compliance are essential for sustainable workforce development in the sector.
The Congo Energy & Investment Forum 2025 will serve as a critical platform for engaging with foreign investors and showcasing Congo’s energy potential. Key topics of discussion will include the finalization of the Gas Code, updates to the Hydrocarbons Code, and fiscal reforms. The forum will also highlight ongoing projects, such as Eni’s Tango FLNG and Wing Wah’s Banga Kayo Gas Project, which demonstrate Congo’s commitment to expanding its gas utilization.
“We see CEIF 2025 as an opportunity to engage directly with policymakers and propose solutions to industry challenges,” said Yves Ollivier. “By discussing topics like the Gas Code and fiscal reforms, we aim to create a competitive and attractive investment environment.”
As the Republic of Congo prepares to finalize its Gas Code and host CEIF 2025, the country is poised to unlock its vast natural gas potential and attract significant foreign investment. With the support of advisory firms like CLG Congo and the implementation of regulatory reforms, Congo is taking decisive steps toward becoming a regional energy hub. The upcoming forum will provide a unique opportunity for stakeholders to collaborate, address challenges, and explore the immense opportunities in Congo’s energy sector.