Kosmos unfazed by Greater Tortue Ahmeyim delay
Postponement of large LNG project does not seem to have derailed Kosmos’ expansion or capex plans
The Greater Tortue Ahmeyim (GTA) LNG project—which straddles the maritime border of Senegal and Mauritania—has suffered delays and is now expected to produce first gas in the first quarter of next year. The project’s 2.5m t/yr first phase had previously been expected to start gas production in the fourth quarter of this year. The LNG development, which had already been delayed from 2022 to 2023 due to the coronavirus pandemic, will eventually help ease some of the pressure on a global gas market that remains squeezed by a loss of Russian supplies and at risk of further price spikes. US independent Kosmos, part of the GTA LNG consortium, confirmed the delays have been to subsea works on the
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