ANALYSIS
Senegal - Mauritania: GTA gas, a major asset for the future of both countries
The Grand Tortue Ahmeyim (GTA) gas field, located on the maritime border between Mauritania and Senegal, represents one of Africa's major hydrocarbon reservoirs, with a 2015 discovery indicating estimated reserves of around 450 billion cubic meters of natural gas.
Large-scale project
The development of this field represents an ambitious project to produce liquefied natural gas (LNG) for export. The first phase, scheduled to come on stream in 2023, aims to produce 2.5 million tonnes of LNG per year, while the second phase, scheduled for 2025, aims to produce 10 million tonnes per year.
Significant economic benefits
The GTA project is expected to be a major engine of economic growth for Mauritania and Senegal. Tax revenues and royalties could amount to several billion dollars annually. In addition, the project is expected to create thousands of direct and indirect jobs.
Positive impact on development
The economic benefits expected from the GTA project should have a positive effect on the socio-economic development of both countries, enabling the financing of infrastructure, education, health and social development initiatives.
Challenges
The development of the GTA project represents a major challenge for Mauritania and Senegal. Both nations need to put in place robust policies and institutions for the transparent and efficient management of gas revenues. In addition, it is imperative to ensure that the project has no adverse impact on the environment.
Grand Tortue Ahmeyim gas represents a major opportunity for Mauritania and Senegal. The GTA project has the potential to transform their economies and improve the living conditions of their respective populations. It is crucial that both countries approach the benefits of the project in a responsible and sustainable manner.
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