Regional Cooperation and Energy Sector Expansion
As the official gathering for the region’s energy policymakers, companies and investors, the MSGBC Oil, Gas & Power 2023 conference – which will take place in Mauritania – not only serves as a key driver of energy investments but will maximize regional cooperation on oil and gas development, industry growth and energy resilience.
Countries such as Senegal and Mauritania have exploited regional cooperation to untap the potential of oil and gas resources in driving energy sector resilience and gross domestic product growth with the massive Greater Tortue Ahmeyim Liquefied Natural Gas (LNG) project, found in the deep-water basins offshore Senegal and Mauritania, set to come online in 2023.
In this regard, MSGBC Oil, Gas & Power 2023 aims to promote investment opportunities across the region’s upstream sector and entire energy value chain with a strong emphasis on the role of regional cooperation to address industry challenges and embrace opportunities.
Meanwhile the 2022 edition of the MSGBC Oil, Gas & Power conference – held in Senegal – saw multiple deals aimed at boosting regional and private and public sector cooperation on energy investments, and local content and capacity building being signed, this year’s edition will maximize the implementation of the 2022 agreements, oil and gas exploration, infrastructure developments and energy monetization to drive industry expansion for a just and inclusive energy transition and to address energy poverty.
Mauritania as a Global Green Energy Hub
With countries such as Mauritania having developed and implementing a strong national energy agenda, which includes setting up the country as a regional green energy integrated hub through gas, green hydrogen and renewable energy development and exploitation, a wide range of energy sector opportunities remain to be untapped.
The event is the ideal platform to connect government, private and public sector parties, and local, regional and international energy companies and investors to discuss the future of both Mauritania and the MSGBC’s energy sector.
With Mauritania aiming to achieve universal energy access by 2030 and the country adopting a Gas Master Plan Road Map, an opportunity has risen for the country to not only to become an important player of the global natural gas industry, but to drive economic resilience and -, industry expansion while ensuring power sector stability and access to clean cooking for a growing population through the exploitation of confirmed over 100 trillion cubic feet of gas reserves.
Mauritania is seeking up to $20 billion in investment to develop its gas market, through the development of LNG bunkering infrastructure, gas-to-power systems, gas-to-liquids and LNG export facilities through 2025 and – the MSGBC Oil, Gas & Power 2023 conference will promote Mauritania as the global primary energy investment destination.
Moreover, with Mauritania aiming to develop up to 20 million tons of green hydrogen per year for local use and export, the country is well positioned to accelerate its energy mix diversification and the decarbonization of critical sectors such as transportation, mining, manufacturing, maritime and logistics and to become global leader in the energy transition.
As the official place where the MSGBC region’s entire energy ecosystem is discussed and optimized, the 2023 edition of the MSGBC Oil, Gas & Power conference and exhibition will showcase opportunities within Mauritania and the region’s entire energy base in unlocking energy independence and a new era of socioeconomic growth.