From the Editor: Senegal: a test case for West African LNG [Gas in Transition]

From the Editor: Senegal: a test case for West African LNG [Gas in Transition]

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Natural Gas News
From the Editor: Senegal: a test case for West African LNG [Gas in Transition]

Summary

BP has backed out of Senegal’s Yahaar-Teranga gas field, raising questions over the timing of the project’s development. Meanwhile, a presidential election next year is set to test the country’s democratic credentials. [Gas in Transition, Volume 3, Issue 11] by: Ross McCracken

Just as the Senegalese/Mauritanian Greater Tortue Ahmeyim (GTA) LNG project gears up for its first LNG exports in early 2024, BP appears to have gone chilly on Senegal by departing from the offshore Yakaar-Teranga gas field project. News that a final investment decision (FID) on Yakaar-Teranga was imminent have been recurrent since 2021, but, as it turns out, wide of the mark. With no other potential investor in view, minority partner US energy company Kosmos has increased its interest in the field from 30% to 90%. Senegal’s state oil and gas company Petrosen holds the remaining 10%. An FID – had it been taken this year – was expected to result in initial production from the field in 2024 at a rate of 150mn ft3...