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MSGBC 2023: The Future of Natural Gas in a Rapidly Changing Landscape

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A panel session during Energy Capital & Power’s MSGBC Oil, Gas & Power 2023 conference and exhibition explored the future of natural gas in the global energy landscape

NOUAKCHOTT, Mauritania, November 22, 2023/APO Group/ — 

An insightful panel discussion during the second day of the MSGBC Oil, Gas & Power 2023 conference and exhibition, sponsored by national industrial and mining company, the Société national industrielle et miniére, featured the participation of regional and international energy leaders and explored the role of natural gas in the global energy landscape. The panelists examined changing market dynamics as a result of the global energy transition, sustainability initiatives, and technological innovations in the sector.

Presenting an attractive option for stabilizing the path towards renewable energy development while reducing carbon emissions in the short term, the role of natural gas in Africa has the potential to drive electrification, socioeconomic development, and resource monetization on the continent. As such, the panelists noted that the share of natural gas in the global energy mix is poised to increase to 26% by 2050.

“The role of gas is huge and has a very bright future,” stated Rafik Amara, Senior Gas Analyst for the Gas Exporting Countries Forum, adding, “We are seeing that natural gas will overcome coal in the energy mix in the next three-to-four years and will be the most-used fuel from 2040 onwards. Natural gas is the only approach to achieving energy market stability.”

Estimated to contain more than 100 trillion cubic feet (tcf) of natural gas, the MSGBC region is well-positioned to leverage its immense endowment of natural resources to attract foreign investors while promoting regional collaboration and integration. What’s more, the panelists noted the importance of regional gas-to-power development and LNG export as a model to ensure and develop consistent economic development.

“We have energy, but the question is how to develop it. To develop this 100 tcf, we will need innovative development schemes and we have to have aligned objectives with partners, including with National Oil Companies,” stated Ismail Mohamed Sid Ahmed, Vice President and Mauritania Country Manager for upstream oil company, Kosmos Energy, adding, “This duality between gas-to-power and LNG export is a model we see that will develop a cash flow and part if it has to be reinvested into coming projects.”

We are seeing that natural gas will overcome coal in the energy mix in the next three-to-four years and will be the most-used fuel from 2040 onwards

It is estimated that natural gas will be responsible for approximately 30% of Africa’s total energy demand increase by 2050. As such, the panelists highlighted the significant discoveries in the MSGBC region – including the 13-tcf BirAllah Conventional Gas Development, the 15-tcf Grand Tortue Ahemyim gas field, and the 20-tcf Yakaar Teranga Conventional Gas Development – as imperative towards driving electrification, industrial development, and the energy transition in West Africa.

“We see innovation as a catalyst,” stated Pierre-Edouard Crouzier, Project Manager at engineering and technology company, Technip Energies, adding, “This is what enables us to deliver projects with requirements that have been spelled out during our discussions here today.”

It was noted that significant upstream investment and long-term contracts will be required to realize the potential of natural gas in the region. Speaking for the Islamic Republic of Mauritania’s Ministry of Petroleum, Mines and Energy, Khroumbaly Lehbib, Advisor for Hydrocarbons for the ministry highlighted the government’s role in developing a favorable investment environment for International Oil Companies to participate in the MSGBC region’s energy space.

“The government’s role is to create a stable legal and regulatory regime to partner with capable national and international companies who can deliver on their commitment,” Lehbib stated, adding, “We have good quality partners in the energy and oil and gas sectors, and we hope that in the next ten years, MSGBC can become one of the biggest global players in the oil and natural gas markets.”

With targets to ensure universal access to electricity and the need to develop less-carbon intensive energy resources, the panel showcased the enhancement and expansion of infrastructure as a requisite to stimulate domestic gas demand in West Africa. Furthermore, it was noted that reliable gas has the potential to provide quick access to energy for the 600 million Africans currently living without adequate access to electricity.

“The more we advance in the efficiency of gas turbines, the more we lean towards gas-focused solutions,” stated Ousmane Ndoye, Managing Director for Senegal at global energy company, GE Vernova, adding, “Gas is a key differentiator for the region today. It allows for rapid growth, thanks to quick access to electricity and it is also a reliable and sustainable transitional energy.”

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

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Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

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Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, contact info@venezuelaenergyweek.com.

Supporting Venezuela’s Earthquake Recovery
Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4hkvteE).

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

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Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

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The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility

JEDDAH, Saudi Arabia, August 10, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System.

 

The patent was granted on 10 July 2026 under Singapore Patent No. 10202250873B for the invention titled “A Computer Network Stabilization System and Method.” The patent application was filed on 1 September 2022 and was formally granted following a comprehensive review process.

This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility. Leveraging sophisticated algorithms and advanced simulation models, the system is designed to anticipate supply and demand imbalances and implement programmable stabilization measures before they escalate into market disruptions.

Unlike traditional stabilization mechanisms that rely on capital reserves, buffer funds, or external interventions, the Smart Stabilization System introduces a next-generation framework for achieving autonomous market stabilization through proactive and programmed stabilization mechanisms. By incorporating distributed ledger technology and cryptographic trust mechanisms, the platform enhances transparency, trust, and operational resilience for digital asset and commodity markets.

The successful patent grant reflects IsDBI’s growing contribution to technological innovation and its commitment to developing knowledge-based solutions that address contemporary economic and development challenges.

Since filing the patent application back in 2022, the Institute has continued to advance the Smart Stabilization System through ongoing development and testing, aimed to expand its practical applications and support future capitalization opportunities. These advancements have positioned the system as a potentially transformative solution for enhancing stability and resilience in increasingly digital and interconnected economies.

Commenting on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said, “The grant of this patent by the Intellectual Property Office of Singapore further strengthens the Institute’s position as a leader in developing innovative knowledge-based solutions that leverage modern technologies to address complex development challenges. This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development.”

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

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

 

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