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This week, high-profile guests and delegates, including national oil company (NOC) and international oil company executives, ministers and presidents, global analysts and venture capitalists, gathered in Senegal’s capital, Dakar, in preparation for the MSGBC Oil, Gas & Exhibition Conference and Exhibition. Power Conference 2022 {https://bit.ly/3pJmOGB}, one week until doors open. After seeing $2.5 billion in investment secured at last year’s event, organizer Energy Capital & Power {https://EnergyCapitalPower.com/} highlights the keynote speakers and sponsors, deals and announcements to look out for at this year’s premier energy event and development of West Africa. Congress.

First of all, MSGBC 2022 will host an exclusive meeting of ten leading ministers from Senegal, Mauritania, Gambia, Guinea-Bissau, Equatorial Guinea, Namibia, Ghana, Sierra Leone, Democratic Republic of Congo and Congo-Brazzaville. under the auspices of the President of Senegal and the Chairperson of the African Union, its President Macky Sall, to co-author a unified African position on energy, climate and development. The resulting multilateral common position on Africa’s just and equitable energy transition, dubbed the Dakar Declaration, will be taken to the G20 and G7 summits before becoming the centerpiece of the continent’s unified narrative at COP27 in Egypt in December.

The MSGBC basin is home to nearly one-third of Africa’s discovered natural gas reserves, and each of its countries has an active offshore license round of five to 28 blocks, exponentially increasing exploration. However, this booming hydrocarbon industry is balanced by an equally ambitious drive for world-class, zero-carbon energy sources – more than 800 GWh per year of hydropower from the Senegal River Basin Development Organization; $40 billion investment in the world’s largest green hydrogen project in Mauritania; and each MSGBC nation boasting a share of more than one-third renewable energy in their grids, pushing for ​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​a 2025 or 2030 universal electrification targets. Either path has the potential to increase annual GDP by more than 10%, electrify communities for the 30% of people without basic access to electricity, and halve electricity prices for the host country of Senegal. Therefore, there could not be a better venue for these future-defining dialogues.

Equally, as Senegal targets 50% local content by 2030 and its neighbors follow suit, MSGBC 2022 will see the signing of a groundbreaking Memorandum of Understanding between French EPC major Technip Energies and NOC Petrosen, promising expanded capacity development programs for employees of some of the nation’s largest offshore megaprojects and technical consulting on compliance with President Mackie Saul’s 2020 Gas Code and electrification plans. Subsequent MOUs will be signed between INPG and Prometic Offshore, as well as between Petrosen and its Guinean counterpart, SONAP.

Lead platinum event sponsor bp is already making waves by confirming that a final investment decision (FID) for the $4.6 billion, 15 trillion cubic feet (tcf) phase two development of the Greater Tortue Ahmeyim works will be made shortly after the completion of MSGBC, potentially doubling the expected production from 2.5 million tons of liquefied natural gas in 2023 to five million tons in 2024. This FID will be followed by a further commitment decision to develop the even larger Jakaar Teranga field with a capacity of 20 trillion feet per year by the end of the year.

The latest updates for both regional project leaders will be shared at MSGBC 2022 in keynotes, panel sessions and an exhibition that will take place over two packed days of programming. Among other well-known speakers is J.E. himself. Maki Sal; Per Magnus Nysvin, Co-Founder and Head of Analysis at Rystad Energy; Rita Madeira, Africa Program Officer, International Energy Agency; NJ Ayuk, Executive Chairman, African Energy Chamber; and Milton Cathelin, Secretary General of the International Gas Union. For more information, visit https://MSGBCOilGasAndPower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

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