Senegal’s gas projects close to final investment decisions

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DAKAR, July 13 (Reuters) – Final investment decisions are expected to be made for Phase 2 of the Greater Tortue Ahmeyim (GTA) gas project in Senegal by September and for the Yakaar-Teranga project by the end of year, a senior Senegalese energy official said on Wednesday.

BP (BP.L) and the American company Kosmos Energy (KOS.N) are leading the development of GTA and Yakaar-Teranga, Senegal’s first natural gas projects.

“We are working to reach an FID by September for phase 2 (at GTA) which is expected to double the planned production from 2.5 million tonnes per year to 5 million tonnes per year,” Mamadou Fall Kane told Reuters. , adviser to President Macky Sall. .

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GTA’s first phase, which straddles the Senegal-Mauritania border, will deliver its first gas by the end of 2023, Kane said.

He said a recent decision by the European Union to label gas investments as climate-friendly would make it easier to attract finance. Read more

German Chancellor Olaf Scholz said in May that Germany wanted to pursue gas and renewable projects with Senegal as war in Ukraine forces it to seek to diversify its energy sources.

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Reporting by Aaron Ross; Editing by Kirsten Donovan

Our standards: The Thomson Reuters Trust Principles.

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