The Greater Tortue Ahmeyim LNG project, led by BP, is set to load its first LNG cargo soon, as announced by partner Kosmos Energy. The project, having started production earlier this year, aims to contribute significantly to LNG supply at a critical time for Europe. The project is expected to bolster the economies of Senegal and Mauritania while also producing LNG for over 20 years.

The first liquefied natural gas (LNG) cargo loading from the Greater Tortue Ahmeyim (GTA) project, operated by BP and located offshore Senegal and Mauritania, is anticipated within weeks. This development was announced by Kosmos Energy, a junior partner in the project, during its 2024 earnings release. The project achieved its first LNG production earlier this year, and preparations for the cargo loading are now underway.

Currently, an LNG tanker is stationed at the Hub Terminal, ready for loading, and Kosmos Energy indicated that this initial cargo will mark the commencement of revenue recognition for the partnership. Additionally, recent operations have highlighted that the GTA project has begun supplying natural gas to the floating LNG vessel, with liquefaction processes officially initiated.

Gas from the first phase of the GTA project started flowing to the floating production storage and offloading (FPSO) vessel on December 31, 2024, as part of its commissioning. BP has also notified BP Gas Marketing Ltd. to arrange for an LNG carrier’s arrival, enabling export of the first cargo later this quarter.

The activation of the GTA project is poised to stimulate the economies of Senegal and Mauritania, enriching their status as potential LNG hubs, especially as Europe seeks additional gas supplies amidst dwindling storage levels for the upcoming winter. Although the project faced delays initially aimed for a 2023 launch, it now plans to produce approximately 2.3 million tons of LNG annually for over two decades.

The Greater Tortue Ahmeyim project is a significant beacon for the future of LNG production from the major natural gas discoveries off the coasts of Mauritania and Senegal, which were first identified in 2015. BP projects that this endeavor will leverage both countries’ natural resources effectively.

In summary, the Greater Tortue Ahmeyim LNG project is nearing its first cargo loading, signaling a significant milestone for its partner companies, particularly BP and Kosmos Energy. With operations officially underway, this initiative is set to enhance regional economies and fulfill market demands for natural gas. By producing LNG for over 20 years, the project promises to solidify the status of Senegal and Mauritania as key players in the global LNG sector.

Original Source: oilprice.com

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