With LNG, Senegal goals of weighing on the world fuel market

With LNG, Senegal goals of weighing on the world fuel market

Senegalese fuel arouses covetousness. Fields shared with Mauritania, off the coast, are anticipated to provide 2.5 million tonnes of liquefied pure fuel (LNG) per 12 months from the tip of 2023, then 10 million tonnes in 2030, as repeated by the Senegalese President, Macky Sall, throughout a summit dedicated to the hydrocarbons sector, organized in Dakar on 1er and September 2. Prospects that haven’t escaped European international locations, towards the backdrop of a showdown with Moscow over Russian fuel deliveries.

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As early as Could, Germany introduced that it was in discussions “intensive” with Senegal so as to acquire provides of LNG there. In whole, 500 billion cubic meters of fuel have been found within the Grande Tortue Ahmeyim (GTA) discipline, positioned inland on the border with Mauritania. Part 1 of this joint venture between the 2 neighboring States, alongside the British operator BP, the American Kosmos Vitality, the Senegalese nationwide firm Petrosen and the Mauritanian Hydrocarbons and Mining Heritage Firm, was carried out in additional than 82% on the finish of July.

“Three of the 4 wells have been drilled, the subsea conduits to attach the assorted offshore platforms have begun to be put in, and the breakwater that may defend the liquefaction unit has been laid”summarized, in the course of the summit of the 1er September, Gordon Birrell, BP’s govt vice chairman of manufacturing and operations. Checks ought to be capable to be carried out in mid-2023 in order that manufacturing – primarily for export – can be efficient within the final quarter of the identical 12 months.

“Lowered transport price”

Confronted with the brand new geostrategic deal, Senegal is inspired to redefine its vitality coverage. Initially, the primary deliveries have been meant solely for the Asian markets, the European market being “captured and preempted by Russian fuel”, remembers Mamadou Fall Kane, the vitality adviser to the Senegalese president. However the battle in Ukraine, which started on February 24, has reshuffled the playing cards. “New alternatives are opening as much as us”welcomes the one who can also be deputy secretary common of the Strategic Orientation Committee for Oil and Gasoline, affirming that Germany will be capable to depend on first deliveries from July 2024.

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From a great supply, Berlin would even be able to pay 3 times extra for its fuel than the costs supplied by BP in 2018. Discussions are underway to reassess the acquisition contract. “Italy, Portugal and the Czech Republic have additionally expressed their curiosity in phases 2 and three”, provides Adama Diallo, CEO of Petrosen, in search of prospects, but in addition financing, for the remainder of the venture. Gasoline was thus on the coronary heart of discussions between Macky Sall and Andrzej Duda in the course of the Polish president’s go to to Dakar on 8 September.

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