While recent gas discoveries have positioned the MSGBC region as a global energy hub kickstarting a gas market boom on-going efforts by the Mauritanian government and industry players to ensure the sustainable growth of the domestic industry are set to unlock a new era of exploration and production, as the country pursues heightened energy resilience, economic stability and socio-economic empowerment for Mauritanians and the wider MSGBC population for decades to come.
In this scenario, this year’s edition of the MSGBC Oil, Gas & Power conference – which will be held on 21-22 November 2023 – will showcase the potential of and opportunities within Mauritania’s gas industry, with a series of panel discussions and networking forums exploring how the country can position itself as a regional energy hub and a reliable source of energy for global markets to meet growing energy demand.
But why is Mauritania’s gas industry so attractive to global E&P players? First and foremost, the country’s sizeable reserve quantities make clear the development potential of offshore basins. For its part, Mauritania’s hydrocarbon resources, which amount to over 110 trillion cubic feet (tcf) in total, are massive and present several opportunities for the country to ensure regional energy security, boost energy access, drive socioeconomic development and increase gross domestic product growth on the back of gas monetization.
With the Greater Tortue Ahmeyim (GTA) project – comprising 30 tcf of gas reserves – set to kickstart first production in late 2023, Mauritania’s gas industry is set for unprecedented growth, as new players flock to the country in pursuit of similar gas finds. With a 30-year production potential, the world-class project will play a crucial role in alleviating energy poverty and boosting energy access across the MSGBC region through the provision of regional gas-to-power projects, while generating new interest in the country’s offshore basins and positioning the country as a globally competitive energy hub.
In addition to GTA, 80 tcf of proven gas reserves in the bp-discovered BirAllah project in Block C8 will not only strengthen Mauritania’s position as a regional gas hub, but will enable the country to diversify the energy economy through the production and introduction of gas in the domestic energy mix. While GTA’s Phase 1 is focused primarily on Liquefied Natural Gas (LNG) exports, BirAllah’s development plan features a heightened domestic focus, with developed gas set to be utilized for power generation and feedstock for economic sectors such as manufacturing, mining and other heavy industries. With the feasibility study for the BirAllah project underway and a Final Investment Decision anticipated in 2025, BirAllah will trigger newfound economic opportunities in Mauritania while maintaining the development momentum unlocked through first gas production at GTA.
Furthermore, gas developments in the Banda and Pelican prospects – both of which comprise 1.2 tcf of gas reserves – pave the way for heightened power generation opportunities, with specific focus placed on electrification in the projects’ development plans. While both projects have been delayed, recent moves by the government to revive the two projects have opened up opportunities for new E&P players.
Under the government’s Strategic Energy Vision – a comprehensive development plan that aims to unlock the full potential of the country’s gas market -, Mauritania is well positioned to become a regional gas hub, if the right investment is secured. Stepping into this picture, the MSGBC Oil, Gas & Power conference offers the most suitable platform where potential investors can connect with government stakeholders, with the event’s deal-signing focus enabling new partnerships to be forged and capital raised. Under the theme, ‘Scaling Energy Opportunities in Africa’s New Frontier,’ the event will explore opportunities following first gas production at GTA and how the country can leverage its sizeable resource base to drive long-term and sustainable economic growth.