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AU Chair and President of Senegal H.E. Macky Sall to Open MSGBC Oil, Gas & Power Conference in September 2022

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H.E. Macky Sall, President of the Republic of Senegal and Chairperson of the African Union (AU), will ship the opening ceremony welcome handle on the MSGBC Oil, Gasoline & Energy Convention, organized by Vitality Capital & Energy (ECP) (https://EnergyCapitalPower.com), on 1 to 2 September 2022. Representing Africa’s official power occasion and internet hosting the regional group, each Senegal and its MSGBC counterparts are formally inviting the worldwide group to be there because the convention discusses investments within the area and Africa’s place on oil, gasoline and renewables forward of COP 27.

Held on the Centre worldwide de Conférences Abdou Diouf in Dakar, the convention will happen underneath the patronage of the Ministry of Petroleum & Energies and in partnership with the African Vitality Chamber (www.EnergyChamber.org), COS-Petrogaz, Petrosen and INPG. Hosted in Senegal, the vacation spot of large-scale oil and gasoline developments, the convention is centered across the area’s pipeline of sizeable hydrocarbon and renewable initiatives, emphasizing the function these developments will play in assembly home demand whereas addressing international power wants.

With gasoline high of the agenda within the area, this 12 months’s version encompasses the theme, “The Way forward for Pure Gasoline: Development Utilizing Strategic Funding and Policymaking,” a topic on which H.E Macky Sall has been fiercely outspoken all through his time period. In his inaugural speech as chair of the AU, H.E. President Macky Sall referred to as for a simply power transition which opens up the exploitation of fresh hydrocarbons reminiscent of gasoline for industrialization, together with improved entry to improvement finance for the continent. Backed by developments such because the 15 trillion cubic toes (tcf) Larger Tortue Ahmeyim (GTA) (https://bit.ly/3PJ3yVE) challenge coming on-line in 2023, the 20 tcf Yakaar-Teranga area improvement, anticipated to succeed in a ultimate funding resolution in 2023, in addition to the introduction of quite a few licensing rounds anticipated to kickstart exploration and manufacturing, the MSGBC area’s home gasoline play is each robust and extremely engaging.

As new considerable pure useful resource reserves are found throughout the area, there has by no means been a extra prescient time to unite leaders, trade professionals and executives in discussions on funding and coverage, decarbonization and expertise. Senegal itself has a dozen offshore blocks open for lease, Mauritania has 19, The Gambia has two onshore and 4 offshore blocks underneath exploration, Guinea-Bissau has not too long ago licensed 11 offshore blocks of its personal, while Guinea-Conakry is just now getting into the extractive power area with reserves unknown. On this regard, your entire MSGBC area is prepared and open for enterprise, with regional leaders inviting worldwide corporations and governments to accomplice, make investments and signal offers to reshape the MSGBC panorama on the again of gasoline.

The MSGBC Oil, Gasoline & Energy Convention 2022 steps into this image in response to elevated curiosity by worldwide stakeholders to take a position, develop and reach Africa, specializing in enhancing regional partnerships and spurring funding. Already there was some success on this space with Chancellor Olaf Scholz of Germany assembly with H.E. President Macky Sall this week, discussing a possible gasoline deal between the 2 nations. As this settlement takes off, different MSGBC international locations are calling for extra European nations to observe suite, with MSGBC Oil, Gasoline & Energy 2022 representing the perfect platform to cement such partnerships.

Gathering collectively main policymakers and with the Senegalese Vitality Minister, H.E. Aissatou Sophie Gladima, in attendance, the occasion can be one of many first large alternatives to re-engage and join with buyers following COP26 and earlier than COP27, the place the African continent and its power trade will stand within the highlight. The convention represents the official assembly place of stakeholders from throughout the oil, gasoline and renewable sectors, making it probably the most appropriate platform to debate Africa’s power narrative forward of COP27.

Making ready for the COP27 convention, the area should present solidarity in its power narrative, advocating for the necessity to stability the transition to renewables with the amount of energy era capability held by oil and gasoline. H.E. Macky Sall’s Rising Senegal Plan seeks to realize common entry to electrical energy by 2030, 5 years forward of the SDG7 goal, requiring a resilient, agile mixture of renewables and gas-based energy. Accordingly, the area is inviting African corporations, power leaders and policymakers, in addition to worldwide delegations, buyers and power majors, to come back to MSGBC Oil, Gasoline & Energy 2022, the premier platform for the dialogue on MSGBC challenge pipelines and gasoline play, Europe-Africa gasoline offers, and the African narrative power forward of COP27.

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

Concerning the MSGBC Oil, Gasoline & Energy 2022 Convention:
Beneath the patronage of H.E. Macky Sall, President of the Republic of Senegal, MSGBC Oil, Gasoline & Energy will as soon as once more happen in Dakar, Senegal, with the occasion serving as a catalyst for funding and multi-sector improvement in 2022. To seek out out extra go to MSGBCOilGasandPower.com or contact [email protected]

This Press Launch has been issued by APO. The content material just isn’t monitored by the editorial workforce of African Enterprise and never of the content material has been checked or validated by our editorial groups, proof readers or reality checkers. The issuer is solely chargeable for the content material of this announcement.

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