Gaz de France strengthens its presence in MauritaniaSource: www.gulfoilandgas.com 7/12/2006, Location: Africa
Mohamed Ali Ould Sidi Mohamed, Minister of Energy & Oil in the Mauritanian government, and Jean-François Cirelli, Chairman and CEO of Gaz de France, have signed a memorandum of understanding leading to a major, wide ranging cooperation in the energy industry.
This agreement covers three key areas:
The signature of this agreement illustrates Gaz de France's determination to become a major player in the rapidly-growing Mauritanian gas industry by contributing its know-how and technical expertise, particularly in areas related to LNG. It also highlights the willingness shared by the Mauritanian authorities and Gaz de France to enter into a long-term partnership capable of providing a framework for the development of the country's energy resources. This agreement meets the objective of sustainable industrial development in Mauritania.
Gaz de France first began operations in Mauritania in 2005 in the area of exploration. The potential reserves of natural gas could offer substantial long-term prospects. Under the terms of an agreement with Dana Petroleum, subject to the official approval of the relevant authorities, Gaz de France will own stakes in three offshore exploration blocks (24% of block 1; 27.85% of block 7, and 17.5% of block 8).
 Liquefied natural gas (LNG) is natural gas transformed into a liquid state by lowering its temperature to –160°C. For the same quantity of energy, the volume of LNG is approximately 600 times less than that of natural gas in a gaseous state, a fact that enables it to be transported by sea.
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