Senegal is embarking on a journey towards significant oil and gas production in turbulent times. The revenues from the sector may provide much needed additional finance to rebuild the economy from the devastating impacts of the pandemic and further sustainable development.
Is Senegal a natural gas producer?
Senegal appears to be on the verge of becoming a significant producer of hydrocarbons, especially natural gas. The country is already a small-scale natural gas producer. However, between 2014 and 2017, a number of significant oil and gas discoveries were made.
Is Senegal a fossil fuel producer?
Senegal is not a fossil fuel producer today, but major gas discoveries are expected to change the picture and to lead to gas production of 9.5 bcm in 2040 in the STEPS. The greater availability of gas helps displace oil use in power generation in domestic markets while also bringing considerable export revenues.
When will oil & gas production start in Senegal?
The production of oil and gas in Senegal is currently expected to start in 2023 for both the GTA and Sangomar projects. This represents a delay compared to the first timeline put forward by companies for both projects which targeted 2021.36,37