Senegal will join the Gas Exporting Countries Forum (GECF) today as an observer, before becoming a full member next year with the start of LNG exports.
The GECF is holding its 24th ministerial meeting today. The forum, sometimes referred to as “Gas OPEC,” was held in Cairo.
Senegal has moved towards the GECF since 2019.
The group held talks with Senegalese Minister of Petroleum and Energy Sophie Gladima in 2021 on ways to increase cooperation. In addition to its gas export plans, Senegal also aims to provide domestic energy through the commercialization of its gas resources.
In June this year, the Secretary General of the GECF, Mohamed Hamel, invited Senegal to participate in the meeting in Cairo. Senegal could use GECF data and models to help develop its local industry, Hamel said.
Technip Energies recently held the completion ceremony for the FPSO Greater Tortue Ahmeyim (GTA), which will be moored offshore Senegal and Mauritania. The BP-operated LNG project was 80% complete at the end of the second quarter, with the first LNG expected by the end of 2023.
BP and its partner Kosmos Energy are working on a development concept for the Yakaar-Teranga fields. This would focus on supplying gas on local demand, for electricity generation.
Hamel, speaking at GECF this week, said natural gas “is set to play a pivotal role as a catalyst for the energy transition.”
The forum expects gas demand to continue to grow by 1.1% per year. This would drop it from 4.4 trillion cubic meters in 2021 to around 5.5 tcm by 2050.
Attending the meetings this week were a number of African energy ministers. Among them, Gabriel Mbaga Obiang Lima from Equatorial Guinea and Carlos Zacarias from Mozambique.
Equatorial Guinea will host the next ministerial meeting in Malabo, in October 2023, as chair of the GECF. The West African state said attracting new African gas producers to the GECF was a primary objective.
Mozambique joined the GECF in February this year, becoming the seventh African member. The country is about to export its first shipment of LNG, from Eni’s Coral Sul project. According to reports, a tanker is loading at the Floating LNG (FLNG) site.
Mauritania could be next. A delegation attended the GECF talks this week with discussions on joint projects. The GECF said the aim was “to help Mauritania to join the club of gas exporters and unlock the full potential of its natural gas reserves”.