Against the backdrop of the achievement of a series of oil and gas milestones in 2025, Senegal’s Minister of Energy, Petroleum and Mines Bilameh Souley Diop participated in the MSGBC Oil, Gas and Power 2025 Conference and Exhibition, to be held in Dakar from 8 to 10 December 2025. During the event, Minister Diop is expected to share insights into how ongoing energy developments are shaping regional dynamics and how future investments will be strengthened. Senegal’s status as a center of investment and industrialization.
Following the commencement of the Sangomar oil field project in 2024 and the Greater Tortue Amayim (GTA) development in 2025, Senegal is steering towards the next stage of energy development. This includes bringing GTA to full capacity as we move forward with the second phase of the project, increasing production to 5 million tonnes per year. Meanwhile, under the government’s development plan “Senegal Vision 2050”, Senegal is actively seeking potential partners to participate in the development of the deep-sea offshore gas field Yacar Teranga, with an estimated approximately 25 trillion cubic feet of lucrative in-situ gas, along with national oil company Petrosen and international oil company Kosmos Energy.
To support future investments, the Ministry of Energy, Petroleum and Mines has advanced the modernization of the oil and gas sector, promoting conditions for industrial growth across the country. In October 2025, the government announced that it is currently reviewing all norms, including investment, finance, gas, oil, mining and electricity, to create a stable framework that encourages investors while protecting the rights of indigenous peoples. The review is expected to improve the business environment for global carriers and stimulate overseas spending.
Midstream infrastructure is also an important development focus for the ministry. The state-owned Réseau Gazier du Sénégal is leading the construction of a 400 km national gas pipeline network worth $1 billion that will connect offshore oil fields, namely the GTA and Yakaar-Teranga, to power plants and industrial hubs across the country. The network is designed to transport up to 2.5 billion cubic meters of gas per year, facilitating the conversion of existing power plants from fuel oil and coal to natural gas, significantly reducing both costs and emissions. The project is being rolled out in five segments, including an initial 85km northern section already under development and additional phases currently under tender.
The Ministry of Energy, Petroleum and Mines also aims to attract investment in downstream projects that can accelerate Senegal’s path to industrialization. State-owned Société Africaine de Raffinage (SAR) currently refines around 1.5 million tonnes of crude oil per year, but its SAR 2.0 expansion project aims to add an additional 4 million tonnes per year by 2029, raising total production capacity to 5.5 million tonnes per year. The development, with an estimated investment of $2 billion to $5 billion, is aimed at meeting domestic fuel needs and positioning Senegal as a regional exporter of refined petroleum products across West Africa.
“Ongoing project development highlights 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 and Power 2025 Conference will help connect high-impact projects with strategic investors, thereby supporting the next stage of the country’s energy development.”
Explore opportunities, foster partnerships and remain at the forefront of the oil, gas and power sector in the MSGBC region. To secure your participation in the MSGBC Oil, Gas & Power 2025 conference, please visit www.msgbcoilgasandpower.com. To become a sponsor or participate as a representative, please contact sales@energycapitalpower.com.
