Mauritania is set to participate in African Energy Week 2024, focusing on the Greater Tortue Ahmeyim LNG project, which is nearing completion and expected to generate 2.3 million tons per annum by late 2024. Minister of Petroleum and Energy, Mohamed Ould Khaled, will discuss economic impacts and investment opportunities. The country is strengthening its gas sector with new partnerships and diversifying into green hydrogen production, aiming for 12.5 million tons by 2035.
Mauritania’s involvement in the African Energy Week (AEW) 2024 highlights the nation’s burgeoning role in the African energy landscape, particularly as the Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project approaches its initial production phase. Scheduled to commence by the end of 2024, the first phase of the GTA project will achieve an output of 2.3 million tons per annum (mtpa), while future phases are expected to augment production capacity to over 5 mtpa. Minister of Petroleum and Energy, Mohamed Ould Khaled, will partake in the AEW conference held from November 4 to November 8, 2024, in Cape Town, South Africa, where he will discuss the project’s expected impact on Mauritania’s economy along with the array of investment opportunities emerging within the national gas value chain. The GTA project is pivotal for Mauritania, promising significant prospects for job creation and revenue generation. Currently, the first phase of this ambitious project stands at 90% completion, with the Floating Production Storage and Offloading unit anticipated to reach the site by June 2024. Furthermore, Mauritania’s strategic proximity to European markets enhances its attractiveness for investments, compelling the government to foster alliances with international stakeholders to accelerate project advancements within the oil, gas, and renewable energy sectors. Recent initiatives illustrate Mauritania’s commitment to its energy potential, including a partnership with data analytics firm TGS—now PGS—for the acquisition of vital subsurface data for local oil and gas exploration. Additionally, Tullow Oil is undertaking exploration endeavors offshore under a multi-year agreement. In pursuit of further development, Mauritania has sought new partnerships for the BirAllah gas field, which harbors an estimated reserve of 60 trillion cubic feet of natural gas, post the expiration of BP’s involvement. The Banda gas field is also set for development, following the signing of a contract with Taqa Arabia, with expected production commencement in 2027. In tandem with its gas initiatives, Mauritania is transforming its energy sector towards cleaner sources. The government aims to produce 12.5 million tons of green hydrogen by 2035 and has enacted the Green Hydrogen Bill to foster the utilization of wind and solar resources for a sustainable energy future. Projects like the 30 GW Aman project and the 10 GW Nour project are poised to bolster the nation’s energy ambitions significantly. Minister Khaled’s presence at AEW 2024 not only aims to attract investment towards these projects but also serves to provide updates on developments within the green hydrogen sector.
The African Energy Week (AEW) is an annual conference that focuses on investment opportunities and developments within the African energy sector. It provides a platform for discussions regarding the energy landscape of various African countries, promoting growth and collaboration in oil, gas, and renewable energy. Mauritania, a country with rich offshore resources and increasing production projects, is strategically positioning itself as an attractive investment destination in Africa’s energy sector. The Greater Tortue Ahmeyim LNG project, being one of the focal points of Mauritania’s energy aspirations, illustrates the nation’s commitment to leveraging its resources for economic growth and energy security. Upcoming developments in the pipeline further underscore Mauritania’s comprehensive strategy to enhance its energy framework.
In summary, Mauritania’s participation in the AEW 2024 marks a significant step in its ongoing journey towards becoming a major player in the African energy sector, particularly in liquefied natural gas and green hydrogen production. The advancements in the Greater Tortue Ahmeyim project, alongside new partnerships for gas field developments and a commitment to clean energy initiatives, reflect a strategic approach to harnessing its abundant natural resources. Minister Khaled’s engagement at the conference will be instrumental in attracting global investment and highlighting the nation’s energy potential.
Original Source: africanminingmarket.com
