Senegal Announces End to Gas Imports by 2026, Expects 140 Billion CFA Francs in Annual Savings
Prime Minister Ousmane Sonko has announced that Senegal will completely stop importing natural gas from 2026, citing expected annual savings of 140 billion CFA francs and significant reductions in electricity costs. The bold move comes as local supply from newly operational projects will replace costly imports previously used to fuel power generation.
The announcement follows Senegal’s emergence as an oil and gas producer with the successful launch of the Greater Tortue Ahmeyim LNG development and Sangomar oilfield projects in 2024. These projects are expected to dramatically reduce petroleum imports while creating substantial new business opportunities for the local private sector.
Sonko emphasized the state’s “particular importance” placed on the national private sector, highlighting upcoming consultations on the Economic and Social Recovery Plan. This national strategy, designed to be 90% financed by domestic resources, prioritizes energy, infrastructure, and industrial projects, presenting unique opportunities for private project developers.
Source: energycapitalpower.com
