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Financing from Saudi-based International Islamic Trade Finance Corporation is part of a $600m three-year deal signed in May 2023 and will pay for imports of petroleum products needed for electricity generation.

President Macky Sall’s decision to postpone the 25 February presidential election until 15 December exacerbated an already poisonous atmosphere in Senegal. His 19 February decision to reverse that decision should lead to an election being held very soon, but political tensions will persist. African Energy’s Risk Management Report focuses on political risk indicators in a country that has long been favoured by donors and investors, and whose natural resources industries are booming as offshore oil and natural gas exports beckon. With attention firmly directed towards gas-to-power development, most other aspects of electricity industry reform, such as the unbundling of utility Senelec and introduction of wheeling have been left on hold – and further delays are likely.

A first cargo of liquefied natural gas has left the Litchendjili LNG terminal in Pointe-Noire, following a rapid development by Eni and national oil company SNPC.

The 2.4m t/yr first phase of the cross-border Mauritania/Senegal Greater Tortue Ahmeyim (GTA) gas development has once again been delayed. Kosmos chief executive Andrew Inglis said the latest setback stemmed from GTA’s floating production, storage and offloading (FPSO) vessel requiring further repairs in Tenerife, following damage incurred during its journey from Qidong, China.

With momentum building for the delayed Greater Tortue Ahmeyim LNG project to start exports in mid-2024, supermajor BP has extended its relationship with services provider Petrofac.

The estimated $1bn EPC deal for the Banda and Tevet fields, which hold combined estimated reserves of 2.2tcf, is the first involvement by Egyptian players in Mauritania’s upstream and marks the revival of Nouakchott’s long-held plans to supply gas to its flagship Banda Duale power plant.

Some headline elements of the now ruling Parti Africain du Sénégal, pour l’Ethique et la Fraternité (Pastef les Patriotes)’s policy were presented during the election campaign, which included the following commitments:

TotalEnergies has signed a memorandum of understanding with Sonatrach on further developing natural gas resources in the Timimoun region, where the French major has existing interests, while an LNG supply contract has been extended by another year.

Moroccan plans to build regasification plants to supply Onee’s existing and planned CCGT power stations have been mooted for more than a decade, but could now finally be moving ahead, with government commitments to build an LNG import unit at Nador, with other schemes to follow.