Senegal News

Senegal plans to nationalise the Yakaar-Teranga gas project, operated by Kosmos Energy and estimated to be one of the world's largest discoveries in recent years, with a view to meeting domestic gas needs, its energy minister said.Kosmos Energy, which has a 90% stake, became the operator of the Yakaar-Teranga gas field in 2023 after BP decided to exit. Kosmos' licence for the field runs out in July 2026, a company spokesperson said when asked about the minister's comments.Kosmos shares fell on Wednesday in New York, hitting a five-year low.