Page 15 - AfrOil Week 35 2022
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AfrOil                                     NEWS IN BRIEF                                               AfrOil









       POLICY
       West African energy

       ministers emphasise: “Gas
       is good for Africa”


       Headlining this year’s high-level panel discus-
       sions at MSGBC Oil, Gas & Power 2022, the
       Ministerial panel on “Developing a Domestic
       Natural Gas Economy in the MSGBC Region &
       Beyond” unpacked the future of natural gas in
       West Africa and the role it will play in the region’s
       energy future. NJ Ayuk, Executive Chairman of
       the African Energy Chamber, moderated the
       session, with panelists including H.E. Sophie
       Gladima, Minister of Petroleum and Energies,
       the Republic of Senegal and H.E. Abdessalam
       Ould Mohamed Salah, Minister of Petroleum,
       Mines and Energy of the Islamic Republic of
       Mauritania.                         Africa, Egypt and others, this will be long-term.  other. What I hope is that projects like GTA open
         Hon. Abdoulie Jobe, Minister of Petroleum  To secure our future and reduce energy poverty,  the market and explore other markets like our-
       and Energy of the Republic of The Gambia; H.E.  we need to create energy security.”  selves and neighboring countries.”
       Gabriel Mbaga Obiang Lima, Minister of Mines   Adding onto this, H.E. Itoua emphasised   Concluding the panel discussion, H.E.
       and Hydrocarbons of the Republic of Equatorial  the role gas will play in meeting future energy  Gladima stated: “Africa is the first to be affected
       Guinea; H.E. Bruno Jean-Richard Itoua, OPEC  demand, with the minister stating: “For the next  by climate change, but our explorers can help
       President and Minister of Hydrocarbons of the  25 years we will see energy demand growing. We  us to understand the impacts of climate change
       Republic of the Congo; Hon. Tom Alweendo,  cannot face this demand without gas. We need a  whilst exploiting these gas riches… we should
       Minister of Mines and Energy, Republic of  minimal 40% of energy coming from fossil fuels  push our youth to start their own businesses
       Namibia; H.E. Didier Budimbu Ntubuanga,  over these 25 years. The question is not to stop  which will become large companies and take
       Minister of Hydrocarbons, Democratic Repub-  producing oil or gas, this is the worst thing to  over the field. We should work with all those
       lic of the Congo (DRC); and Hon. Foday Man-  do. The European commission, in 2022, decided  actors who possess experience and at COP27,
       saray, Director General, Petroleum Directorate,  that gas is a green transition energy. There needs  we will push to develop the resources of Africa
       Office of the President of the Republic of Sierra  to be no more debates about gas. We need to stop  for Africa itself.”
       Leone were also part of the panel.  wasting time discussing why gas is the solution.   Energy Capital & Power, September 1 2022
         Kicking off discussions, Hon. Jobe stated:  We need to start producing as much as we can.”
       “We all know the basin is very rich in oil and gas   On the exploration front, H.E. Ntubuanga   NCDMB emerges as
       resources. What we need to do is provide access  emphasised the potential of the DRC, stating:
       to affordable, clean and sustainable energy.  “The DRC does have natural wealth in the basin   Nigeria’s best state
       Gas is an integral element for transformational  it shares with Congo-Brazzaville and Gabon.
       change.”                            Fortunately, the technology we now have in   agency in Ease of
         The advantages of gas for domestic econo-  Africa and across the world allows us to tap the
       mies were highlighted, with speakers empha-  rich oil reserves these areas hold without touch-  Doing Business ranking
       sising the need to address energy poverty in  ing biodiversity.”
       Africa using gas. On this note, H.E. Salah stated   Representing another frontier market, Hon.  The Nigerian Content Development and Mon-
       that, “The real problem is how we get energy to  Alweendo added: “We have been lucky to make  itoring Board (NCDMB) has been adjudged as
       every African citizen. Some Africans have been  two substantial discoveries. This was after more  the best among all Ministries, Departments and
       producing oil and gas for decades but we still  than 30 years of exploration. What helped us was  Agencies in the country in the latest Executive
       have the highest energy poverty because we are  that we never gave up. Our licensing systems are  Order (EO1) performance ranking for Ease of
       exporting oil and gas. We need to give priority  attractive for people. Our turnaround time for  Doing Business from January to June 2022.
       to access for every African citizen to energy and  evaluating applications for licensing has been   The report is compiled by the Presiden-
       security.”                          really efficient. We persevered and the explora-  tial Enabling Business Environment Council
         Further to this, extant global geopolitics  tion companies were with us during this time.”  (PEBEC), under the office of the Vice President,
       were raised with specific reference to Europe’s   Finally, Hon. Mansaray provided insight into  Federal Republic of Nigeria.
       current craving for West African gas, in light  Sierra Leone’s exploration progress, stating: “We   NCDMB came tops with 81.48%, according
       of the fuel source’s green-labeling by the EU. “It  are currently in the middle of a licensing round  to the report, released officially on Tuesday in
       is important to be able to look not only at the  that will continue until the end of September.  Abuja.
       short-term, but also the long-term,” stated H.E.  Our responsibility is to provide electricity to the   PEBEC was established in 2016 by President
       Lima, adding: “The most secure market for Afri-  people of Sierra Leone. The discoveries in the  Muhammadu Buhari to address bottlenecks and
       can producers is Africa. We need to be able to  MSGBC region give people more confidence  bureaucratic constraints to executing business in
       create a market. If we can export LNG to South  in the region. We know that IOCs follow each  Nigeria.



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