Senegal eyes global and domestic energy markets
Dakar is keen to meet its own energy needs, even as major export projects near start up
Senegal is poised to enter the LNG export market and to start production at its first offshore oilfield this year or in early 2024. And the West African nation is also taking steps to ensure a portion of its hydrocarbon resources go towards domestic energy needs, rather than being exported entirely. The Sangomar oil development may be delayed slightly. Thierno Seydou Ly, director general of Senegalese NOC Petrosen, says Sangomar is “85pc complete and is set to start production towards the end of 2023 or early next year”. The field’s startup was previously targeted for this year, suggesting there might be some slippage in the timeline. Sangomar will be Senegal’s first offshore field and conta
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