BP marketing deal sets up Senegal-Mauritania LNG exports
Marketing agreement for phase one of Greater Tortue Ahmeyim will elevate the countries into the league of large-scale LNG exporters
BP and Kosmos Energy confirmed the production scale of a project that will establish Mauritania and Senegal as major hydrocarbon producers for the first time, when they signed the LNG sale and purchase agreement (SPA) for the first phase of the offshore Greater Tortue Ahmeyim gas project in 11 February. BP Gas Marketing—sole offtaker for the phase one export output—will buy 2.45mn t/yr of LNG for 20 years, under the accord signed with the Mauritanian and Senegalese hydrocarbons ministers, Mohamed Abdel Vetah and Makhtar Cisse. Also part of phase one, 70mn ft³/d of gas will be shared equally between the home markets in Mauritania and Senegal. That could be used to fuel electricity generat
Also in this section
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised