Senegal, with significant reserves of natural gas, appears to be on the verge of becoming a significant hydrocarbon producer. This resource wealth presents the country with opportunities, but also risks.
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.
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
Does Senegal publish oil and gas forecasts?
For example: However, the government has started to publish forecasts for oil and gas revenues from 2022 as part of the multi-annual economic and budgetary program for 2021 to 2023.146 Moreover, Senegal does publish resource extraction contracts and a wealth of other information on the sector through EITI.