A Ministerial Panel is set to unleash the energy potential of the MSGBC Region at the upcoming MSGBC 2023 event. The panel, moderated by NJ Ayuk, Executive Chairman of the African Energy Chamber, will include esteemed ministers from Mauritania, Guinea-Bissau, Senegal, The Gambia, and Guinea-Conakry. This marks their first participation in the MSGBC Oil, Gas & Power event.
The panel discussion will focus on the importance of regional integration in the energy sector. The ministers will explore strategies to facilitate cross-border trade, improve market access, and align energy policies. Collaborative initiatives such as the West African Power Pool and joint agreements on resource management and cross-border capital flows have the potential to unlock shared resources, reduce costs, and expand the energy market.
Another key area of discussion will be the opportunity to lower operational expenses through regional infrastructure projects. The ministers will engage in conversations about establishing shared infrastructure, including projects like the Nigeria-Morocco gas pipeline and the regional railway system in West Africa. These projects can streamline operations, reduce costs, and create a stronger energy ecosystem in the MSGBC region.
The panel will also address the need for streamlined regulations in the oil and gas sector. The goal is to create a coherent set of regulations that simplify processes for exploration, production, and transportation. A harmonized regulatory framework can boost investor confidence, expedite project approvals, and ensure responsible and efficient resource development. The Grand Tortue Ahmeyim gas project, located between Senegal and Mauritania, serves as an example of harmonizing regional regulations, with gas production expected to begin in mid-2024.
Technological advancements will also be a focus of the panel discussion. The ministers will explore mechanisms for sharing technological innovations across borders. Countries like Guinea-Conakry and The Gambia can benefit from the expertise of Senegal and Mauritania in areas such as geological research and crude oil exploration. Collaborative innovation can lead to improved exploration techniques, enhanced safety practices, and more efficient resource extraction methods.
The panel will also delve into the prerequisites, rationale, and significance of inter-African energy trade. This includes examining the regulatory and infrastructure requirements for expanding trade between African countries.
The Ministerial Panel, under the patronage of President Mohamed Ould Cheikh El Ghazouani of Mauritania, will take place from November 21 to 22 in Nouakchott. The event is organized in partnership with the Ministry of Petroleum, Energy, and Mines; the Mauritanian Oil and Mining Company; Petrosen; COS-Petrogaz; and the African Energy Chamber. Don’t miss out on this exciting conference! Visit https://msgbcoilgasandpower.com/ to register for the event.