Financing Energy in the MSGBC Region
As Senegal and Mauritania lead the MSGBC basin’s oil and gas revolution, new financial partnerships are fostering infrastructure and energy security.
Read the latest Archives of oil, gas and energy news.
As Senegal and Mauritania lead the MSGBC basin’s oil and gas revolution, new financial partnerships are fostering infrastructure and energy security.
In parallel with the development of their natural resources, MSGBC countries are establishing a legislative framework aimed at accelerating the energy transition.
With first oil from the Sangomar project achieved earlier this year and first gas from the Greater Tortue Ahmeyim (GTA) conventional gas development slated for 2024, Mauritania and Senegal are well-positioned to lead the charge in regional power generation.
The MSGBC region has emerged as a thriving hub for mining exploration and production, drawing the attention of renowned global mining service providers and operators.
Countries in the MSGBC have outlined a series of strategies to facilitate socioeconomic development on the back of resource monetization and favorable investment policies.
The MSGBC region has emerged as a frontier for green hydrogen development, with Mauritania and The Gambia leading the way in large-scale projects.
Senegal has shipped its first oil from Woodside’s Sangomar field, transported via a tanker chartered by Shell International Trading, which arrived on site on July 1st. Sangomar began production in
Energy and mining firms in the emerging MSGBC region are dedicated to fostering local content development through collaborations with indigenous organizations.
Oil and gas industry propels port infrastructure development in MSGBC region with several upgrades and new projects enhancing hydrocarbon exports.
The MSGBC region has experienced a surge in developments within the mining sector, spanning gold, iron ore and phosphate projects.