Middle East

$5 billion needed for phase 2 of Senegal LNG project

The second phase of Senegal’s Greater Tortue Ahmeyim (GTA) gas project will require about $5 billion worth of investment and could start in 2024 or 2025, said Senegal President Macky Sall. said Thursday.

BP and US-listed Kosmos Energy KOS.N are leading the development of Senegal’s first natural gas projects, GTA and Yakaar-Teranga.

The first phase of the GTA, which straddles the border of Senegal and Mauritania, is 80% complete and is expected to start delivering gas by the end of 2023.

“Phase 2, which will follow immediately after Phase 1, will produce 5 million tons of gas compared to Phase 1, with a target of 10 million tons of gas,” Sall said at the conference. said in

A floating production storage and offloading (FPSO) is expected to sail to the site from China by the end of the year, Gordon Birrell, BP’s executive vice president of production and operations, said at the same conference on Thursday.

BP is in talks with Senegal and Mauritania about Phase 2 of the GTA and other projects in the two countries, Mr Birrell said, without elaborating.

“We are also working with the Mauritanian government on the most attractive development pathways for the BirAllah gas (gas field),” he said.

“We are in deep dialogue with the government here (Senegal) to consider developing a national gas-to-internal power project called Yakar,” Birel added.

Another long awaited oil A gas project, Saint Gomar, is also due to start production in the second half of next year.

Australia’s Woodside owns 82% of the oilfields under development off the coast of Senegal. oil Company Petrosen rest.

Shiva McMahon, Senior Vice President, International Operations, Woodside; said at a conference that the project was 60% complete.

Sall said Phase 2 of Sangomar will require an investment worth $2.5 billion and is expected to produce about 100,000 barrels per day. He didn’t give a timeline for the second phase.

(Reporting by Beit Felix; Writing by Sophia Christensen; Editing by Esther Silbon and Tomasz Janowski)

https://www.oedigital.com/news/499173-phase-2-of-senegal-lng-project-needs-5b-president $5 billion needed for phase 2 of Senegal LNG project

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