The Greater Tortue Ahmeyim (GTA) gas project, jointly operated by BP and Kosmos Energy, has commenced production, marking a transformative step for Senegal and Mauritania. Gas deliveries are expected shortly, as both nations position themselves as key players in the global energy market.
The $4.8 billion project spans the maritime boundary of the two countries and is set to produce approximately 2.3 million tons of liquefied natural gas (LNG) annually in its initial phase. Gas is being extracted from ultra-deepwater wells at depths reaching 2,850 meters and transported to a floating production, storage, and offloading (FPSO) facility for processing.
In a joint statement issued on December 31, energy ministries from both countries confirmed that gas flows to the FPSO facility are underway and LNG exports will begin “very soon.” The project’s launch is a significant milestone for the region, heralding economic opportunities and energy security.
Economic Growth and Fiscal Reforms
The GTA project is a major win for Senegal, which began exporting oil last year. Oil exports have already lifted Senegal’s GDP growth to a record 8.9% in the third quarter of 2024. The International Monetary Fund projects an even higher growth rate of 9.3% for 2025, driven by expanded energy revenues.
This surge in energy wealth offers Senegal a chance to tackle its fiscal deficit, which is forecasted to exceed 11% of GDP in 2024. Prime Minister Ousmane Sonko announced plans to reduce the deficit to 3% of GDP by 2027 through spending cuts and enhanced tax collection efforts starting in 2025.
A Long-Term Energy Hub
The GTA project is expected to produce LNG for over 20 years, according to BP. It represents not only a milestone in energy production but also a strategic investment in the future of West Africa’s energy infrastructure. Both Senegal and Mauritania are poised to benefit from the project, solidifying their roles in the global energy transition.
As the gas flows begin, the region looks to establish itself as a reliable and competitive player in the international LNG market, opening doors to further investment and economic diversification.