Senegal to Stop Gas Imports in 2026, Saving 140 Billion CFA and Lowering Electricity Costs
Senegal will cease importing natural gas starting in 2026, Prime Minister Ousmane Sonko announced, citing projected annual savings of 140 billion CFA francs and a reduction in electricity costs.
Local production will replace expensive imports used for power generation.
This move comes as Senegal emerges as a new oil and gas producer, with operations beginning at the Greater Tortue Ahmeyim LNG development and the Sangomar oilfield projects in 2024.
These initiatives are expected to cut petroleum imports while creating new opportunities for the domestic private sector.
Prime Minister Sonko emphasized that the government places “particular importance” on supporting the national private sector.
He highlighted upcoming consultations on the Economic and Social Recovery Plan, a national strategy aimed at addressing financial challenges and promoting economic growth.
The plan, designed to be 90% funded by domestic resources, prioritizes energy, infrastructure, and industrial projects, offering a significant opportunity for local project developers.
