Senegal Will Not Nationalize Major Offshore Gas Project Yakaar-Teranga: Minister
Senegal Will Not Nationalize Major Offshore Gas Project Yakaar-Teranga: Minister
Senegal’s energy ministry retracted earlier statements made by the Minister of Energy, Petroleum and Mines Birame Soulèye Diop, considering nationalization.
The project is currently operated 90% by the US company Kosmos Energy, whose latest license will expire in July 2026. Petrosen, a state-owned Senegalese company, holds another 10%.
Earlier this week, Diop announced that the government expected to nationalize Yakaar-Teranga, with estimated reserves of 25 trillion cubic feet. The project is a key strategic asset for Senegal’s energy sovereignty, both in terms of domestic supply and future exports, according to the media.
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