Senegal’s pioneering natural gas developments are making significant progress, with a senior Senegalese energy official announcing that the government is looking at making a final investment decision (FID) for phase two of the Greater Tortue Ahmeyim (GTA) project as well as the Yakaar-Teranga development this year.
Set to transform the domestic and regional energy landscape, while driving sustainable socioeconomic growth on the back of gas, the FID represents a commitment by the government to bringing large-scale gas projects onstream.
Mamadou Fall Kane, Advisor to Senegalese President, H.E. Macky Sall, shared that the government is targeting FID for phase two of the GTA gas project by September 2022, much sooner than previous expectations of FID in 2023.
Located on the maritime border of Senegal and Mauritania, and co-developed by bp and Kosmos Energy, the GTA project is set to unlock 15 trillion cubic feet (tcf) of gas. While phase one of the project – slated for first gas next year – targets 2.5 million tons per annum (mtpa) of liquefied natural gas (LNG) production, phase two will increase these levels two-folds to five mtpa, significantly improving domestic utilization and opportunities for exports.
“We are working to reach an FID by September for the phase two that should double expected production from 2.5 mtpa to five mtpa,” Kane stated, adding that the phase one of GTA is on track to deliver first gas by 2023.
Meanwhile, Kane shared that the government is targeting FID for the Yakaar-Teranga project by the end of this year. As a successor to GTA, the Yakaar-Teranga will unlock 20 tcf of natural gas while further consolidating the bp-Kosmos Energy partnership. Situated in the Cayar Profond Block, the Yakaar-Teranga project will only add to the country’s gas success, used to drive electrification as well as increasing exports following first gas in 2024. With the FID, the project is expected to advance, cementing the country’s stronghold as not only a regional but global gas hub.
In 2022, African gas projects are gaining significant attention from the international community, particularly as European markets look to reduce their reliance on Russian gas in light of the country’s ongoing conflict with Ukraine and with the European Union redefining gas as green. In this regard, with new investment anticipated to be brought to the market, African countries are set to prosper. Now, with phase two of GTA and the Yakaar-Teranga project fast approaching FID, the timeline for getting new gas streams to the market is drawing near.
With the MSGBC Oil, Gas & Power conference set to take place from September 1-2, 2022, in Dakar, Senegalese gas project FID will be top of the agenda, with regional energy leaders providing updates into project timelines, new developments and upcoming opportunities. As such, the event is not-to-be-missed, and delegates can visit www.msgbcoilgaspower.com for more information.
