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Senegal is preparing to become a major gas producing country in the MSGBC region (by Miguel Artacho)

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Senegal is preparing to become a major gas producing country in the MSGBC region (by Miguel Artacho)

Senegal expects a lot to continue to develop the great potential of the country‘s natural gas sector

DAKAR, Senegal, October 15, 2021 / APO Group / –

By Miguel Artacho, field editor

A number of world-class oil and gas discoveries took place in Senegal between 2014 and 2017. Oil and gas reserves worth over one billion barrels of oil and over 40,000 billion cubic feet of gas have been released in Senegal. The country is now poised to ensure that its vast reserves of natural gas will help ensure energy security for many years to come. Under the leadership of HE President Macky Sall, Senegal has made the development of the energy sector one of the fundamental pillars of the country’s economic emergence by 2035.

Natural gas projects

One of the largest gas projects currently underway in Senegal is the Greater Tortue Ahmeyim (GTA) LNG gas project, located in offshore waters straddling the border between Senegal and Mauritania. This flagship project for Senegal is the deepest offshore project currently underway in sub-Saharan Africa. Large-scale commercial production of GTA is expected to enter service during 2023.

The GTA gas field has been shown to hold natural gas reserves of 566 billion cubic meters of gas, of which 283 billion cubic meters are allocated to Senegal (https://bit.ly/3j51jNx) in accordance with the Inter-state cooperation agreement. signed in February 2018 between Senegal and Mauritania. The first phase of the GTA project is expected to produce up to 2.3 metric tonnes per year of LNG for export. The governments of Senegal and Mauritania are also working closely with BP which is the operator of the GTA project on the future development of phases 2 and 3 of the project.

Other natural gas projects currently under development by the national oil company (NOC) Petrosen and its international partners include SNE, Teranga and Yakaar. These are located in the Cayar block and hold 20Tcf of natural gas reserves. They constitute one of the cornerstones of the gas-to-power strategy of the Ministry of Petroleum and Energy currently underway. The SNE field has both crude oil and natural gas fields with approximately 862 billion cubic meters of natural gas reserves.

The GTA project in particular has the potential to radically transform Senegal’s economy over the next decade by achieving energy independence and having a readily available national supply of natural gas for a wide range of uses in the world. industry and power generation. Thus, in the near future, Senegal will no longer be penalized by what was until now one of the highest energy costs in West Africa.

The Ministry of Petroleum and Energy (https://bit.ly/3DLorbE), headed by HE Minister Sophie Aissatou Gladima, knows that energy is at the very heart of any economic development plan and as such it plays a crucial role in supporting HE. President Macky Sall’s Plan Senegal Emergent (PSE). The 2019-2023 Energy Sector Development Policy Letter (LPDSE) is the document that reflects the vision of the President of the Republic of Senegal and describes the fundamental principles of energy policy that are implemented until 2023. The gas discoveries have raised a lot of hope among the country’s young population about future opportunities in the energy sector. The Ministry of Petroleum and Energy is undertaking a very proactive and transparent communication campaign to meet the challenges and meet the great potential of the sector. The objective is to strengthen the level of global understanding of the Senegalese population on the challenges of the oil and gas sector, and to make them understand that the monetization of these energy resources will benefit not only the government and the CIOs involved, but rather the population of the country as a whole. .

Capacity Building

So that Senegal can capitalize on its gas potential, the Ministry of Petroleum and Energy has set up the Steering Committee to Support Gas Project Negotiations and Institutional Capacity Building (PAN-PGRCI). The Committee held its first meeting on March 4, 2021. After the discovery of oil and natural gas fields, Senegal negotiated (https://bit.ly/3j71DLP) and obtained a World Bank loan of 29 million dollars for technical assistance for the PAN-PGRCI Program. GES PETROGAZ and the Ministry of Petroleum and Energy are responsible for managing the program. It aims to support all parties involved in the GTA project in various areas, including legal aspects, as well as the marketing and monetization of GTA gas.

Senegal has high expectations of continuing to develop the great potential of the country’s natural gas sector and believes that one of the most important aspects to achieve the ambitious economic development goals set out by HE President Macky Sall is that all parties stakeholders continue to work together effectively. As a result, a variety of crucial institutions such as the Ministry of Petroleum and Energy, COS-PETROGAZ, PETROSEN, GEZ-PETROGAZ, INPG and IOC currently operating in Senegal’s natural gas industry as BP or Woodside Petroleum, will continue to cooperate in resolving the various challenges that may arise. Together, they aim to capitalize on the many opportunities over the next 5-10 years for Senegal to fully monetize the natural gas resources brought into service during 2023 and beyond.

In response to the growing demand for renewable energy and the growing interest of international stakeholders to invest, develop and succeed in Africa, Energy Capital & Power will own the MSGBC Oil, Gas, & Power (https://bit.ly / 3mZRCkq) 2021 conference and exhibition on 2 and 3 December 2021. Focused on strengthening regional partnerships, stimulating investment and development in the oil, gas and electricity sectors, the conference will bring together regional international actors with African opportunities, serving as a growth driven platform for Africa’s energy sector. Read more about the conference here: The Energy Minute: MSGBC Oil, Gas & Power 2021 (https://bit.ly/3mVwtrF)

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