Downtown Africa
Senegal has been experiencing a period of significant growth in the energy sector in recent years involving all segments of the oil and gas value chain, as well as renewable energy. This development is supported by key investment decisions, taken in record time, and backed by a strong political will to accelerate projects of national importance. This is why the Ministry of Petroleum and Energy, the Permanent Secretariat of COS-PETROGAZ, and the Business Council of Renewable Energies of Senegal (COPERES), is organizing, in partnership with Energy Capital and Power (ECP), the MSGBC Oil, Gas & Power 2021, taking place on December 1 to 3, 2021 at the Centre International de Conférence Abdou DIOUF (CICAD) in Diamniadio.
The MSGBC Oil, Gas & Power is one of the first major energy conferences in Africa that brings together the entire energy value chain. The event celebrates national companies, with two pavilions dedicated to showcasing local capacities. It will also see the participation of official delegations from many African countries, in particular those of the MSGBC sedimentary basin (Mauritania, Senegal, Gambia, Guinea Bissau, and Guinea Conakry), oil-producing countries of West Africa, alongside partners from Europe, North America, and Asia.
The choice of Senegal by the strategic partner ECP is justified by the notable advances recorded in the energy sector. The major investments made in recent years within the framework of the Emerging Senegal Plan (PSE), the optimistic outlook for oil and gas exploitation by 2023, as well as the significant results in the field of renewable energy, additionally support the conference. The energy transition will indeed be one of the important themes of this event, with programs in innovations for clean and accessible energy at a lower cost.
This event, the first of its kind organized by the State of Senegal in the energy sector, falls within the framework of the promotion of investments in the sector, through the development of energy potential both in the rapidly developing oil sub-sector and in the electricity and renewable energy sub-sector, in the global context of the energy transition.
The conference is expected to help stimulate investment and increase prospects for oil and gas exploitation, and also in the renewable energy sector. Notably, the country has made significant progress and added nearly 30% clean energy to its electricity grid. According to the Senegalese Minister of Petroleum and Energy, Mrs. Aïssatou Sophie Gladima, “the imminent arrival of local gas will constitute a significant element of our energy transition, taking into account climate change, to produce clean and accessible energy at a lower cost, thanks to innovative programs in this area.” She added that through this conference, it has been strongly affirmed to global investors that Senegal and the sub-region are open for business and that the oil, gas, and electricity sectors represent an unparalleled investment opportunity in Africa.
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