Mauritania is set to participate in the African Energy Week 2024, where Minister Mohamed Ould Khaled will discuss the Greater Tortue Ahmeyim LNG project’s expected benefits to the national economy. As the first phase nears completion, efforts are also underway to enhance Mauritania’s appeal for energy investments and clean energy projects, including green hydrogen production, to solidify its role in the global energy landscape.
Mauritania’s participation in the African Energy Week (AEW): Invest in African Energy conference underscores its commitment to advancing its energy sector. The event, scheduled from November 4 to 8 in Cape Town, will see Minister Mohamed Ould Khaled presenting crucial insights regarding the Greater Tortue Ahmeyim (GTA) Liquefied Natural Gas (LNG) project, which is poised to start production by the end of 2024. The first phase of this ambitious initiative, nearing completion at 90%, aims to produce 2.3 million tons per annum, with aspirations to double this capacity in subsequent phases. The GTA project represents a significant stepping stone for Mauritania, promising job creation and enhanced economic opportunities as the nation emerges as an attractive destination for energy investment, particularly due to its proximity to European markets and rich offshore resources. The Mauritanian government is actively forging partnerships with international entities, including a recent agreement with TGS for subsurface data acquisition, to facilitate oil and gas exploration across its basins. Additionally, Mauritania is sourcing a new collaborator to oversee the BirAllah gas field, potentially housing 60 trillion cubic feet of natural gas, while also pursuing agreements to develop the Banda gas field in partnership with Taqa Arabia Co. Gas Consortium. These initiatives emphasize the country’s strategy to evolve as a key player in the global gas market. In conjunction with its gas projects, Mauritania is prioritizing clean energy advancements, aiming to produce 12.5 million tons of green hydrogen by 2035. The Green Hydrogen Bill, adopted in September 2024, sets the stage for leveraging the nation’s wind and solar resources alongside significant projects like the 30 GW Aman project and the 10 GW Nour project. Minister Khaled’s involvement at AEW will facilitate discussions with potential investors and foster cooperation agreements beneficial for Mauritania’s burgeoning green hydrogen sector.
The Greater Tortue Ahmeyim (GTA) LNG project is a pivotal development that marks Mauritania’s first foray into large-scale LNG production, aligning with the country’s strategic goals to harness its natural resources. With the completion of the GTA’s initial phase anticipated by late 2024, Mauritania aims to leverage its gas resources to stimulate economic growth and attract international investments. The African Energy Week serves as a significant platform for dialogue and partnership between governments and investors, particularly in the energy sector, and Mauritania’s participation highlights its proactive approach in shaping a promising energy landscape.
In conclusion, Mauritania’s strategic initiatives in expanding its LNG and clean energy sectors, coupled with its active engagement at the African Energy Week, reflect a comprehensive approach to energy development. With significant projects such as the GTA LNG initiative and substantial green hydrogen aspirations, the country is positioning itself as a key player in the energy market. The upcoming conference is anticipated to further catalyze interest from global investors, thus reinforcing Mauritania’s status as an emerging energy hub.
Original Source: africanminingmarket.com
