Mauritania is actively participating in the African Energy Week 2024, where Minister Mohamed Ould Khaled will discuss the impending production of the Greater Tortue Ahmeyim LNG project and potential investments in the country’s gas and green hydrogen sectors. The first phase of the LNG project is nearly complete, while additional gas developments and the establishment of a green hydrogen industry further position Mauritania as a key player in the energy market.
Mauritania is poised to expand its energy landscape as it participates in the African Energy Week (AEW): Invest in African Energy conference scheduled for November 4 to 8, 2024, in Cape Town. Minister of Petroleum and Energy, Mohamed Ould Khaled, will represent the country and highlight the forthcoming production commencement of the Greater Tortue Ahmeyim (GTA) LNG project. The first phase of this project, strategically located at the maritime border shared with Senegal, is set to begin operations by the end of 2024. With a current completion rate of 90%, the initial phase is expected to yield 2.3 million tons per annum (mtpa) of LNG, with future expansions projected to double the output. In addition to the GTA project, Mauritania is rapidly becoming an appealing destination for investment, driven by its offshore natural resources and proximity to European markets. The government is actively collaborating with international partners to expedite the development of its oil and gas sectors. Recent initiatives include a partnership with TGS (now PGS) to acquire vital subsurface data and exploration activities led by Tullow Oil. The country is also in search of a new partner for developing the BirAllah gas field, which houses significant natural gas reserves. Furthermore, the recent contract with Taqa Arabia Co. Gas Consortium to explore and develop the Banda gas field, projected to launch production by 2027, signifies Mauritania’s ambition to solidify its position as a notable gas producer. Emphasizing its commitment to sustainable energy, Mauritania is also advancing in the field of green hydrogen, targeting a production capacity of 12.5 million tons by 2035. The approval of the Green Hydrogen Bill in September 2024 will facilitate the harnessing of wind and solar power, establishing essential infrastructure for future developments. Notable green hydrogen projects such as the Aman project (30 GW) and the Nour project (10 GW) further underscore the nation’s strategic direction towards becoming a clean energy hub. Minister Khaled’s engagement at AEW will serve as a critical opportunity to attract investments for both gas and green hydrogen initiatives.
Mauritania’s energy sector is currently undergoing significant transformation, with the Greater Tortue Ahmeyim LNG project marking the country’s first major foray into liquefied natural gas production. The strategic location and abundant offshore resources have positioned Mauritania as an emerging market within Africa’s energy landscape. The nation’s pursuit of international partnerships and investments reflects its ambition to optimize resource management and leverage energy production as a means of economic growth. Additionally, with an eye toward sustainability, Mauritania is proactively engaging in the development of green hydrogen, an area deemed critical for future energy security. Through these efforts, the country aims to attract global investors and enhance its reputation as a prominent energy player in Africa.
In summary, Mauritania’s participation in the African Energy Week 2024 marks a pivotal moment in the nation’s energy strategy. With the impending launch of the Greater Tortue Ahmeyim LNG project and initiatives in green hydrogen development, the country is well-positioned to capitalize on its natural resources. Minister Khaled’s involvement in the conference aims to foster international collaborations and secure investments that will elevate Mauritania’s status as a leading energy hub in Africa. The strategic projects currently underway highlight the government’s commitment to economic growth and sustainability, paving the way for a prosperous energy future.
Original Source: africanminingmarket.com
