Will Senegal produce liquefied natural gas in 3rd quarter?
Senegal also has a liquefied natural gas project at its border with Mauritania and production there could begin in the third quarter. The Greater Tortue Ahmeyim LNG project — which involves British energy giant BP, US firm Kosmos Energy, Mauritanian oil and gas company SHM and Petrosen — aims to produce around 2.5 million tonnes of LNG per year.
Who owns Senegal’s oil & gas field?
The field also contains natural gas. Woodside has an 82-percent stake in the deepwater project with the remainder held by Senegal’s state-owned energy company Petrosen. The discovery of oil and gas fields in 2014 raised great hopes for the economy of Senegal, among the 25 least developed countries in the world.
Will the oil and gas industry transform Senegal’s economy?
While Senegal’s fossil fuel output is not expected to be as high as that of bigger producers such as Nigeria, there are hopes the oil and gas industry will bring billions of dollars in revenue to the country and contribute to transforming its economy.
Will Senegal’s gas & oil resources be ‘well managed’?
While meeting students in Dakar on Tuesday, Faye vowed that profits from developing the country’s gas and oil resources would be "well managed". "The State of Senegal has set up an inter-generational fund.