Senegal’s Minister of Energy, Petroleum and Mines, Birame Soulèye Diop, will lead discussions on investment opportunities and energy transformation at the upcoming MSGBC Oil, Gas & Power 2025 Conference and Exhibition, scheduled to take place in Dakar from December 8–10, 2025.
Minister Diop is expected to highlight Senegal’s latest oil and gas milestones and outline how current developments are reshaping regional energy dynamics. His presentation will also explore strategies to attract new investments that will strengthen Senegal’s role as a hub for industrialization and sustainable energy growth.
Following the successful launch of the Sangomar oilfield project in 2024 and the Greater Tortue Ahmeyim (GTA) gas project earlier this year, Senegal is entering a new phase of energy expansion. Plans are underway to bring GTA to full operational capacity and advance its second phase, expected to boost production to five million tons annually. The government is also seeking partners to develop the deep-water offshore Yakaar-Teranga gas field, which holds an estimated 25 trillion cubic feet of gas.
In alignment with Senegal Vision 2050, the Ministry of Energy, Petroleum and Mines is modernizing the nation’s regulatory and fiscal frameworks to attract long-term investors. A comprehensive review of investment, gas, oil, mining, and electricity codes is currently underway to create a stable and investor-friendly environment that also safeguards local interests.
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Infrastructure development remains central to Senegal’s energy agenda. The state-owned Réseau Gazier du Sénégal is constructing a $1 billion, 400-kilometre national gas pipeline network connecting key offshore fields like GTA and Yakaar-Teranga to industrial and power hubs across the country. Once completed, the network—capable of transporting up to 2.5 billion cubic meters of gas annually—will enable the transition of power plants from fuel oil and coal to natural gas, cutting both energy costs and carbon emissions.
On the downstream front, Senegal is pursuing the SAR 2.0 refinery expansion project, which aims to boost refining capacity from 1.5 million to 5.5 million tons per year by 2029. The $2–$5 billion investment will help meet domestic fuel demand and position Senegal as a major exporter of refined petroleum products within West Africa.
“Ongoing developments underscore Senegal’s growing role as a hub for energy investment within the MSGBC region,” said Sandra Jeque, Project Director at Energy Capital & Power. “Minister Diop’s participation at the MSGBC Oil, Gas & Power 2025 Conference will be pivotal in linking high-impact projects with strategic investors and driving the next phase of the country’s energy evolution.”
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