financetom
Business
financetom
/
Business
/
Senegal's Petrosen expects final investment decision on gas project in 2025
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Senegal's Petrosen expects final investment decision on gas project in 2025
Nov 5, 2024 6:54 AM

CAPE TOWN, Nov 5 (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 ( KOS ) 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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved