Mauritania is participating in the African Energy Week 2024 to highlight the economic benefits of its Greater Tortue Ahmeyim LNG project, which begins production by the end of 2024. Minister Khaled will discuss job creation and investment opportunities while showcasing Mauritania’s advancements in green hydrogen production. The country is actively seeking partnerships and aims to strengthen its hydrocarbon and renewable energy sectors.
Mauritania is set to significantly enhance its energy sector as it participates in the African Energy Week (AEW): Invest in African Energy conference, scheduled for November 4-8, 2024, in Cape Town. Minister of Petroleum and Energy, Mohamed Ould Khaled, is expected to address the economic implications of the Greater Tortue Ahmeyim (GTA) LNG project, the first phase of which is slated to commence production by the end of 2024. This inaugural LNG development is anticipated to generate 2.3 million tons per annum (mtpa) and pave the way for substantial job creation and revenue streams for the country. As of now, the first phase of the project is 90% complete, with a Floating Production Storage and Offloading (FPSO) unit scheduled to arrive in June 2024. The GTA project exemplifies the numerous opportunities emerging as Mauritania strengthens its investment appeal by developing its gas value chain. The country actively seeks partnerships with international stakeholders to expedite project rollouts and maximize its hydric, hydrocarbon, and renewable energy investments. Additionally, Mauritania has taken significant steps toward future exploration as it recently engaged TGS (now PGS) for subsurface data acquisition across its onshore and offshore basins. Moreover, the country has entered a partnership with Tullow Oil for offshore exploration under a multi-year agreement. In a noteworthy development, Mauritania announced in May 2024 its intention to collaborate with a new partner for the BirAllah gas field, which holds a substantial reserve of 60 trillion cubic feet of natural gas. To diversify its energy portfolio, Mauritania signed an exploration-production contract with Taqa Arabia Co. Gas Consortium in April 2024 for the Banda gas field, with production planned to commence in 2027 at an estimated cost of US$1.3 billion. Minister Khaled’s participation at the AEW is seen as an opportunity to attract global investment and establish critical cooperation agreements aimed at advancing the hydrocarbon sector. In addition to its natural gas ambitions, Mauritania is committed to becoming a leader in the clean energy sector by targeting the production of 12.5 million tons of green hydrogen by 2035. This is supported by the recent approval of the Green Hydrogen Bill in September 2024, which encourages the exploitation of wind and solar resources and infrastructure development. Among the significant projects in this sector are the 30 GW Aman project led by CWP and the 10 GW Nour project led by Chariot. Through its engagement at the AEW, Minister Khaled aims to secure new investments in this expanding green hydrogen industry.
Mauritania is strategically positioned to become a leader in energy production, particularly in liquefied natural gas (LNG) and green hydrogen. These initiatives are further supported by the country’s wealth of offshore resources and its proximity to major European energy markets, making it an attractive location for foreign investment. The government is actively fostering partnerships and implementing policy reforms to accelerate energy production across both LNG and renewable sources, establishing Mauritania as a key player in the African energy landscape.
In conclusion, Mauritania is poised for a significant transformation in its energy sector, with the GTA LNG project leading the way for economic growth and job creation. The country’s proactive approach to attracting international investment, coupled with its ambitions in green hydrogen production, places it on a promising trajectory as a notable energy producer. The upcoming AEW conference serves as an important platform for fostering partnerships and advancing Mauritania’s energy initiatives.
Original Source: africanminingmarket.com
