Kickstart Gas-Based Industrialization
Monetizing offshore gas resources will unlock new opportunities for industrialization in Mauritania, enabling the country to diversify the economy and maximize employment creation. Mauritania has the potential to drive GDP expansion, owing to growth in sectors such as fertilizer production, petrochemicals manufacturing as well as in energy-intensive industries such as mining, cement and steel production. Plans by the government to develop up to 180 MW of Open-Cycle Gas Turbines by 2024; 120 MW of combined-cycle gas turbine (CCGT) capacity by 2026; and 310 MW of CCGT by 2027 to maximize resource exploitation under the Gas Master Plan could be a game changer for the Mauritanian economy.
Generate Baseload Electricity for Grid Stability
Mauritania has enough gas to meet its local electricity needs while supporting regional electrification efforts through networks such as the West African Power Pool. With the government targeting to achieve universal access to electricity by 2030, gas represents a critical component that will enable the country to boost consumer access to electricity. Accelerating the development of giant discoveries such as GTA as well as Mauritania’s BirAllah, Pelican and Banda while fast-tracking the rollout of gas-to-power infrastructure remains crucial for the country to advance power generation and supply as well as strengthening grid stability.
Decarbonize the Energy Industry
While oil represents a lion’s share of Mauritania’s energy mix, the government is seeking to accelerate the decarbonization of the industry, with gas representing the ideal resource to increase the provision of cleaner and more affordable energy. With the energy transition taking center stage across the globe, Mauritania’s gas sector has a huge role to play, contributing to both decarbonization and industrialization and thereby ensuring the transition is just and inclusive. The development of gas in the form of liquefied natural gas (LNG) in the GTA development highlights the government’s commitment to maximizing resource exploitation while prioritizing environmental sustainability. By ensuring future gas infrastructure is emission-efficient and compatible with next-generation energy technologies such as renewable and green hydrogen, the country can lead Africa’s energy transition in a way that is pragmatic and beneficial.
Increase Revenue Generated from LNG
With the demand for gas rapidly expanding across the globe, Mauritania’s strategic position to European markets and sizable resource portfolio make the country a competitive exporter and producer. Having placed LNG export-import infrastructure as a defining aspect of projects such as GTA, the country is well positioned to significantly increase foreign revenue generated from gas, enabling the country to develop other sectors of the economy while advancing GDP growth on a long-term basis.
Incentivize Further E&P Activity in Offshore Basins
Mauritania’s proven natural gas reserves, success at bringing large-scale projects off the ground and strong ties with its regional counterparts have made a strong case for heightened exploration and production in the country. With a potential licensing round, attractive fiscal policies on offer under the Gas Master Plan and demonstrated political will, Mauritania’s upstream market is on the precipice of significant growth as new players flock to the market.
The region’s premier energy event, MSGBC Oil, Gas & Power – taking place from 21-22 November in Nouakchott, Mauaritania -will connect potential investors and project developers with the relevant public stakeholders, providing the ideal platform where new deals will be signed and projects kicked off. Through high-level panel discussions and meetings, exclusive networking sessions and technical workshops, MSGBC 2023 will investigate how the country can maximize its natural gas industry to unlock long-term economic benefits.