Senegal-Mauritania deal boosts LNG export project

BP and Kosmos Energy plan to give the Greater Tortue development the green light later this year

The signing of an inter-governmental cooperation agreement between Senegal and Mauritania to develop substantial gas resources shared by the two countries has improved the chances that BP and Kosmos will make a positive final investment decision (FID) on the Greater Tortue project in the coming months. Senegalese president Macky Sall and his Mauritanian counterpart Mohamed Ould Abdel Aziz oversaw the signing of the accord by their energy ministers in the Mauritanian capital Nouakchott on 9 February. In response, Kosmos said it now expected to take FID on the project before the end of this year, while Bernard Looney, BP's head of Upstream called the pact an "an important milestone". Last mont