Mauritania, represented by Minister of Petroleum and Energy Mohamed Ould Khaled, will attend the African Energy Week conference to discuss significant developments in its Greater Tortue Ahmeyim (GTA) LNG project, which is near completion and expected to begin production by the end of 2024. With a focus on natural gas and green hydrogen, Mauritania aims to position itself as a leading player in energy production and sustainability, presenting numerous investment opportunities during the conference.
Mauritania is poised to make significant advancements in its energy sector as it participates in the African Energy Week (AEW): Invest in African Energy conference from November 4th to 8th in Cape Town. Minister of Petroleum and Energy Mohamed Ould Khaled will contribute critical insights regarding the Greater Tortue Ahmeyim (GTA) LNG project, which is on the maritime border of Mauritania and Senegal. As the project progresses towards its production goal by the end of 2024, it is already 90% complete, with expectations to produce 2.3 million tons per annum in its first phase, and a second phase aimed at increasing output to over 5 million tons per annum. This transformation of the LNG landscape in Mauritania signifies more than just production; it is anticipated to generate substantial job creation and revenue influx. The GTA project is one of many developments reinforcing Mauritania’s status as a favored investment destination, given its strategic location near European markets and its abundance of offshore resources. In June 2024, an agreement was reached with TGS (now known as PGS) to obtain subsurface data essential for oil and gas exploration, while Tullow Oil continues exploration under a multi-year commitment. Moreover, Mauritania is exploring further opportunities, such as seeking new partners for the BirAllah gas field, which boasts an estimated reserve of 60 trillion cubic feet of natural gas. Additionally, an April 2024 agreement with Taqa Arabia Co. Gas Consortium aims to develop the Banda gas field, expecting to commence production in 2027 at an investment of USD 1.3 billion. Alongside the focus on natural gas, Mauritania is cultivating its clean energy sector, aspiring to produce 12.5 million tons of green hydrogen by 2035. This ambition is supported by the recent approval of the Green Hydrogen Bill in September 2024, facilitating the exploitation of wind and solar resources. The country’s green hydrogen initiatives, including the 30 GW Aman project led by CWP and the 10 GW Nour project led by Chariot, underscore Mauritania’s commitment to sustainable energy. Minister Khaled’s participation at the AEW is strategically significant for attracting investments in both the LNG and green hydrogen sectors, thereby reinforcing Mauritania’s position in global energy markets and enhancing its economic development.
Mauritania is strategically located along the maritime border of Senegal, with valuable offshore natural gas resources. The country has embarked on multiple phases of developing its energy sector, driven by the Greater Tortue Ahmeyim (GTA) LNG project. As recent global energy demands rise, particularly for natural gas in Europe, Mauritania aims to leverage its geographical advantages to attract investment. The focus is not only on existing LNG development but also on expanding into green hydrogen, anticipating future energy transitions. Recent legislative efforts, such as the Green Hydrogen Bill, indicate the country’s commitment to sustainable energy initiatives, positioning itself as an influential player in Africa’s energy landscape.
In summary, Mauritania’s active engagement in the African Energy Week underscores its ambitions to enhance its energy sector through the development of both LNG and green hydrogen initiatives. The Greater Tortue Ahmeyim project is set to transform the local economy by generating jobs and increasing revenue, while the approval of the Green Hydrogen Bill signifies a progressive shift towards sustainable energy development. Minister Khaled’s presence at the conference is crucial for fostering international collaborations and securing investments, ultimately aiming to expedite the country’s energy projects and establish Mauritania as a competitive market in the global energy arena.
Original Source: africanminingmarket.com
