Senegal Expects First LNG Shipment Early Next Year [Yahoo! Finance Canada]
BP p.l.c. (BP)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The project — shared with neighboring Mauritania — is still “on track” and the first gas extraction is expected this year, Niane said on the sidelines of the Adipec conference in Abu Dhabi. Opening the taps on the $4.8 billion Grand Tortue Ahmeyim LNG project and Sangomar oil development, following numerous delays, will set up the the West African country to become one of the world's fastest-growing economies. President Bassirou Diomaye Faye, who won a landslide victory in March polls, has also vowed to review all oil and gas contracts to potentially get better terms for Senegal. MORE: BP's GTA Project to Produce First LNG Around Year's End: Kosmos Faye has launched an audit of contracts awarded by the previous government to companies including BP, Woodside Energy Group Ltd. and Kosmos Energy Ltd. The president needs to bolster the West African nation's finances after a separate audit showed the deficit was significantly higher than previously reporte
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