Senegal and Mauritania have officially joined the league of gas-producing nations with the launch of operations at the Grand Tortue Ahmeyim (GTA) field. This landmark project, which straddles the maritime border between the two West African countries, marks a significant milestone in their economic development journey.
The British energy giant BP, a key stakeholder in the project, announced the start of gas production from the GTA field in a recent press statement. The venture is a collaborative effort involving BP, the U.S.-based Kosmos Energy, Mauritania’s Société Mauritanienne des Hydrocarbures (SMH), and Senegal’s state oil company, Petrosen.
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Following six years of extensive planning and development, the field’s inauguration has been hailed as “historic” by Senegal’s Oil Minister. The GTA field is expected to produce approximately 2.5 million tonnes of liquefied natural gas (LNG) annually, creating a new revenue stream for both nations.
While the production volumes won’t rival global energy powerhouses like Russia or Qatar, the economic impact for Senegal and Mauritania is poised to be transformative. The revenue generated from the field is projected to run into billions of dollars, providing a significant boost to their economies and paving the way for further development initiatives.
The launch of GTA underscores the region’s growing prominence in the global energy landscape, offering both countries an opportunity to harness their natural resources for sustainable economic growth.