Senegal is offering itself as an alternative source of natural gas for Europe, as Russia reduces natural gas supplies, as noted by the Bloomberg agency.
“Senegal will be able to sell to Europe, especially Germany, as early as the second half of 2024,” said Mamadu Fall Kane, a senior official at COZ-Petrogas, a government commission that monitors and develops oil projects and natural gas.
The war in Ukraine has shown how dependent Europe is on natural gas for energy production. Before the start of the war, Russia supplied 30% of Europe’s natural gas needs. Europe is scrambling to seal deals across the Middle East and Africa amid rising prices as Russia cuts supplies.
European Union officials traveled to Dakar in February to meet with Kane. German Chancellor Olaf Scholz visited the country in May to pursue natural gas and renewable energy projects. At the time, Kane was unable to give Soltz a clear answer about when he would be able to start supplies, as the government had previously agreed to send the first supplies of natural gas to Asian nations under contracts which were signed in 2018.
“A few days ago, we had no visibility as to whether we could supply Europe with natural gas before 2027,” Kane said. “Now we can say that we will be able to send our cargo to Europe from 2024.
Production at Senegal’s Greater Tortue Ahmeyim (GTA) gas project is scheduled to start next year. The offshore field straddling the border between Senegal and Mauritania is set to produce 2.5 million tonnes of liquefied natural gas (LNG) in the first phase, which will double to 5 million tonnes in the second phase.
Final investment decisions for phase 2 of the GTA project are expected to be made by September. A recent decision by the European Union to label natural gas investments as climate-friendly will make it easier to attract financing, Kane said.
Kosmos Energy Ltd., which is jointly developing the GTA field with BP Plc, said earlier this month that the first phase is 80 percent complete, with first gas supplies expected in the third quarter of 2023 and first LNG at the end of next year.
Source: Capital
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