Energy Resources & Power (ECP), organizers of West Africa’s premier power event, the MSGBC Oil, Gas & Power Conference & Exhibition, delights in to announce that the third version of the occasion will certainly occur in Mauritania on 21-22 November 2023.
MSGBC Oil, Gas & Power 2023 will occur under the Patronage of H.E Mohamed Ould Cheik Ghazouani, Head Of State of the Republic of Mauritania in partnership with Ministry of Petroleum, Energy and Mines, the Société Mauritanienne Des Hydrocarbures Et De Patrimoine Minier (SMHPM), Petrosen, Cos Petrogaz as well as the African Power Chamber.
Declared by H.E. Macky Sall, President of the Republic of Senegal, and H.E. Sophie Gladima, Preacher of Oil and also Powers of the Republic of Senegal, during the final day of MSGBC Oil, Gas & Power 2022 on 2 September, MSGBC 2023 will certainly join industry leaders, policymakers, financiers, government leaders, and also neighborhood stakeholders for two days of keynote speeches, discussions, panel discussions, events, and networking sessions, while encouraging investment as well as deal-making in every part of the MSGBC region’s power worth chains.
Under the theme, “Scaling Energy Opportunities in Africa’s New Frontier,” MSGBC Oil, Gas & Power 2023 will certainly showcase and advertise gas growth and also its role in the international energy transition, in addition, to positioning the region as a power center for gas, renewables as well as eco-friendly hydrogen.
For its component, 2023 promises to be a transformative year for the MSGBC region, with a number of growths emerging across the whole energy worth chain. Senegal, for instance, is readied to start production at the 100,000 barrel each day Sangomar oil task while the very first production of the 2.5 million heap per year (mtpa) Stage 1 of the Greater Tortue Ahmeyim (GTA) gas project is slated for 2024. Additionally, adhering to the launch of the country’s initial major licensing round in 2020, the nation is planning a 2nd, potentially bigger round. On the environment-friendly energy front, capitalists are turning their eyes to the nation’s solar and wind possibilities, structured on the success of the nation’s landmark 158MW Taiba N’Diaye wind task.
At the same time, MSGBC 2023 host nation Mauritania, under a wider program of developing the nation as a local environment-friendly energy integrated hub and also allowing a green steel industry, is driving a strong slate of tasks covering the hydrocarbon as well as green hydrogen landscape, with plans to integrate the expanding energy sector with various other industries such as mining. In addition to the GTA, established in collaboration with Senegal, the country is wishing to improve lately released projects such as the 10 mtpa BirAllah Liquefied Gas advancement while twin GW-scale eco-friendly hydrogen tasks guarantee brand-new opportunities for clean power development.
Also on an upstream drive, The Gambia is approaching its 2nd licensing round, with the bidding process for these blocks anticipated to see rate of interest from global companies following the statement without a doubt of a prospective 1.5 billion barrels of oil uncovered in Gambian blocks A2 and A5 in 2022. While the country’s hydrocarbon market remains in its beginning, chances throughout renewables are additionally expanding, with the nation flaunting over 50% share of renewables in its power mix.
In a similar way, Guinea-Bissau is driving renewables advancement having activated $700 million in the direction of a 2030 power makeover under its Sustainable Energy Investment Strategy. To this result, the nation recently opened up 5 blocks for bidding under a unique deepwater round while emphasis positioned on electrification has actually made a strong situation for foreign financial investment in renewables.
Finally, in Guinea-Conakry, the prospective for development across the mining, farming, as well as fishery sectors, has actually resulted in restored interest in the power sector, with brand-new jobs regularly being introduced throughout the solar and also hydropower markets.
Stepping into this picture, the two-day occasion will certainly display gas money-making techniques in the area as well as exactly how West Africa can use its natural deposits to advertise socio-economic development, universal electrification, and cross-border teamwork. A variety of technical and also calculated sessions will focus on conversation topics consisting of youth empowerment, women in energy, local growth, gas as a shifting energy, the most up-to-date growths in exploration as well as new licensing round opportunities, and also more.
With the spots GTA and also Sangomar oil field and also linked gas developments readied to start manufacturing by 2023 as well as 2024, respectively, the MSGBC region is well-positioned to capitalize on the container’s immense power sources to enable the growth of the member-countries corresponding extractive markets and urge local players to tap into an extra market share.
Driven by the need to meet an increasing global need for tactical minerals needed for electric vehicles and the growth of renewable energy, West Africa is viewed as a prime location for capitalists to broaden operations within the area, while a well-established mining industry and also the extractive market has actually served to incorporate the development of regional material and bring in international straight financial investment.
The 2023 conference program has been created to cover the full spectrum of the energy worth chain, therefore guaranteeing a comprehensive and varied routine that promotes investment while driving discussions and also encouraging involvement in the MSGBC region’s energy market. By taking part at MSGBC Oil, Gas & Power 2023, stakeholders will get critical insights into current and also arising sectors, while getting a deeper understanding of the series of chances existing throughout the local energy landscape.
Last Updated: 10 January 2023
