Senegal's Petrosen Expects Final Investment Decision on Gas Project in 2025
11.06.2024 By Tank Terminals - NEWS

November 06, 2024 [Reuters]- Senegal’s national oil company Petrosen expects a final investment decision (FID) on the Yakaar-Teranga gas project in 2025, its director general said on Tuesday.

 

“Yes, our objective is to have this FID by mid-2025 if everything is going OK,” Thierno Ly said.

Petrosen is partnering with Kosmos Energy to develop the project, which has around 25 trillion cubic feet of recoverable gas, he said.

The first phase of the project, expected to cost about $5-6 billion, will produce three million tons per annum for export markets and has a provision for 150 million standard cubic feet for domestic power and other projects.

Ly told Reuters the project’s partners were looking for more partners after BP opted out late last year.

“We are looking at IOCs (international oil companies), at national oil companies from the Middle East and Algeria. We are open also to discuss with trading companies,” he said.

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

BP Partners with Palantir for AI Tech
11.21.2024 - NEWS
November 21, 2024 [Tank Storage]- Palantir Technologies and BP have announced an enterprise agree... Read More
Aramco, Rongsheng Petrochemical Ink Deal to Progress Saudi Refinery Project
11.20.2024 - NEWS
November 20, 2024 [Rigzone]- Saudi Arabian Oil Co. (Aramco) and Rongsheng Petrochemical Co. Ltd. ... Read More
Stolthaven Terminals Expands in Malaysia to Boost Efficiency and Capacity For Customers
11.20.2024 - NEWS
November 20, 2024 [Stolt-Nielsen]- Stolthaven Westport held an event earlier this month to celeb... Read More
Open Season For CHANE’S Rotterdam Ammonia Import Terminal Development
11.20.2024 - NEWS
November 20, 2024 [Storage Terminals Magazine]- Chane has announced the next phase of decision-ma... Read More