As Senegal approaches first gas production from its Greater
Tortue Ahmeyim (GTA) megaproject later this year, the West African nation will
play a critical role in shaping global energy supply discussions and bringing
new gas-focused investment opportunities to the table.
The event will focus on exploring new avenues for financing
large-scale, capital-intensive energy projects, mobilizing European partners,
financiers and project developers to support bilateral trade and investment,
and positioning African oil and gas markets as the catalyst for the continent’s
energy industry and transition.
Through a series of planned international energy receptions
this year, the AEC – serving as the voice of the African energy sector – aims
to unite global business leaders, investors and government representatives to
reduce barriers to entry by foreign companies into African markets and foster
greater capacity building, advocacy and diplomacy between Africa and its global
partners.
As the agency operating under the authority of the Office of
the President designed to strengthen, coordinate and monitor the development of
Senegal’s natural resources, COS Petrogaz has been a defining figure in the
country’s energy sector success to date. Working in collaboration with the
Ministry of Petroleum and national oil company Petrosen, the state agency has played
a significant role in advancing the country’s position as a natural gas mega
hub and utilizing regional cooperation and market-driven policies to transform
Senegal into a full-fledged energy economy.
Prior to his appointment as Deputy Permanent Secretary, Kane
served as the the Advisor to the Office of the President in the field of
economics, finance and investment, as well as gained experience in economy
financing and industry restructuring at the Directorate General of Treasury at
France’s Ministry of Economics and Finance, The World Bank and the investment
banking branch of the Credit Agricole Corporate and Investment Banking in
Paris. Kane graduated from SciencesPo Paris before completing his education at
Ecole Polytechnique of Paris in Economics and Public Policy.
Senegal is currently on the edge of transformation, as it
prepares for first gas from the first phase of the bp-operated GTA development
straddling its maritime border with Mauritania. Containing up to 15 trillion
cubic feet of gas available for exploitation over a 30-year period, the project
utilizes a floating liquefied natural gas (LNG) facility designed to supply
approximately 2.5 million tonnes of LNG per year, with a view to driving energy
security in both countries and ushering in a new era of economic growth through
energy monetization and exports – including to gas-hungry Europe. Senegal is
also set to produce first commercial oil through its Sangomar Field Development
Phase 1 – the country’s first offshore oil project – which is anticipated to
enter into production in late-2023. Operated by Woodside Energy, the field –
which is located in the Rufisque, Sangomar and Sangomar Deep Blocks – is
estimated to hold 230 million barrels of crude oil and is expected to produce
100,000 barrels per day.
His Excellency President Sall has played a pivotal role in
fast-tracking energy development since his appointment in 2012 and subsequent
series of world-class oil and gas discoveries made in Senegal between 2014 and
2017, by creating an enabling environment for business to succeed, adopting a
new hydrocarbons code and attracting sizable foreign direct investments, while
still providing for a strong local capacity component. Notably, President Sall
worked closely with neighboring Mauritania to secure an agreement to jointly
develop offshore resources for the mutual benefit of both countries and has
shaped best practices for the development of cross-border resources.
“Senegal is a pioneer when it comes to regional gas
monetization, cross-border cooperation and closing two multi-billion-dollar
offshore hydrocarbon projects – the GTA gas project and Sangomar oilfield – in
less than five year’s time. We are honored to have His Excellency President
Sall, represented by Mamadou Fall Kane, attend and participate in the Invest in
African Energy reception in London to recognize the achievements of the Office
of the President and COS Petrogaz in bringing energy exports to the wider MSGBC
Basin.
Senegal can serve as an example to emerging oil and gas
producers across the continent who are looking to streamline their regulatory
processes and forge working partnerships with international operators,” states
NJ Ayuk, Chairman of the AEC.
Taking place on January 26, 2023, the Invest in African
Energy Reception Event will be held at the Waldorf Hilton luxury hotel in
Aldwych, London. Participation is open to all guests. RSVP to
registration@aecweek.com
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