This year’s edition is themed “The Future of Natural Gas: Growth Through Strategic Investment and Policymaking”, a subject HE Macky Sall has been fiercely outspoken about throughout its mandate.
DAKAR, SENEGAL/ACCESSWIRE/May 24, 2022/ HE Macky Sall, President of the Republic of Senegal and Chairperson of the African Union (AU), will deliver the welcome speech at the opening ceremony of the MSGBC Oil, Gas and Power Conference, hosted by Energy Capital & Power (ECP) (https://EnergyCapitalPower.com), September 1-2, 2022. Representing Africa’s official energy event and hosting the regional community, Senegal and its MSGBC counterparts officially invite the international community to be there as the conference discusses investments in the region and Africa’s position on oil, gas and renewable energy ahead of COP 27.
Held at the Abdou Diouf International Conference Center in Dakar, the conference will take place under the high patronage of the Ministry of Petroleum and Energy and in partnership with the African Energy Chamber (www.EnergyChamber.org), COS-Petrogaz, Petrosen and the INPG. Held in Senegal, a destination for large-scale oil and gas developments, the conference focuses on the region’s large portfolio of hydrocarbon and renewable energy projects, highlighting the role these developments will play in meeting domestic demand. while meeting global energy needs.
With gas high on the agenda in the region, this year’s edition is themed “The Future of Natural Gas: Growth through Strategic Investment and Policy Development”, a subject on which HE Macky Sall has been fiercely outspoken throughout his tenure. In his inaugural address as AU Chairperson, HE President Macky Sall called for a just energy transition that opens up the exploitation of clean hydrocarbons such as gas for industrialization, as well as better access to development financing for the continent. Backed by developments such as the 15 trillion cubic feet (tcf) Greater Tortue Ahmeyim (GTA) project (https://bit.ly/3PJ3yVE) coming online in 2023, the development of the 20 tcf Yakaar-Teranga field , expected to reach a final investment decision in 2023, along with the introduction of numerous licensing rounds that are expected to restart exploration and production, domestic gas supply in the MSGBC region is both strong and very attractive.
As abundant new reserves of natural resources are discovered in the region, there has never been a more foreboding time to unite executives, industry professionals and leaders in discussions on investment and policy. , decarbonization and technology. Senegal itself has a dozen offshore blocks open for lease, Mauritania has 19, The Gambia has two onshore blocks and four offshore blocks under exploration, Guinea-Bissau recently licensed 11 offshore blocks, while that Guinea-Conakry is only now entering the extractive industry. energy field with unknown reserves. In this regard, the entire MSGBC region is ready and open for business, with regional leaders inviting international companies and governments to partner, invest and sign deals to reshape the MSGBC landscape through gas.
The MSGBC Oil, Gas and Power Conference 2022 enters this table in response to increased interest from international stakeholders to invest, grow and succeed in Africa, focusing on strengthening regional partnerships and stimulation of investments. There has already been some success in this area with German Chancellor Olaf Scholz meeting with HE President Macky Sall this week discussing a possible gas deal between the two nations. As this deal takes off, other MSGBC countries are calling for more European countries to follow, with MSGBC Oil, Gas & Power 2022 representing the best platform to cement such partnerships.
Bringing together leading policymakers and attended by Senegal’s Minister of Energy, HE Aissatou Sophie Gladima, the event will be one of the first big opportunities to re-engage and connect with investors after COP26 and before COP27, where the African continent and its energy industry will be in the spotlight. The conference represents the official meeting place for stakeholders from the oil, gas and renewable energy sectors, making it the most appropriate platform to discuss Africa’s energy narrative ahead of COP27.
In preparation for the COP27 conference, the region must show solidarity in its energy narrative, advocating for the need to balance the transition to renewable energy with the volume of electricity generation capacity held by oil and gas. HE Macky Sall’s Emerging Senegal Plan aims to achieve universal access to electricity by 2030, five years ahead of the SDG7 target, requiring a resilient and agile mix of renewable energy and electricity at gas basis. Accordingly, the region invites African businesses, energy leaders and policymakers, as well as international delegations, investors and energy majors, to come to MSGBC Oil, Gas & Power 2022, the first discussion platform on the MSGBC project pipelines and the gas game, Europe-Africa gas deals and African narrative energy ahead of COP27.
Distributed by APO Group on behalf of Energy Capital & Power.
About the MSGBC Oil, Gas & Power 2022 Conference:
Under the patronage of HE Macky Sall, President of the Republic of Senegal, MSGBC Oil, Gas & Power will once again take place in Dakar, Senegal, with the event serving as a catalyst for multi-sectoral investment and development in 2022. To find To learn more, visit msgbcoilgasandpower.com or contact [email protected]
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