Home News Africa Port of Dakar Gas Terminal Project in Senegal to receive financial boost

Port of Dakar Gas Terminal Project in Senegal to receive financial boost

The port of Dakar gas terminal project is set to receive a financial boost from the Elton Group, a provider of downstream oil, (more precisely the distribution of petroleum products and other related services), and automotive assembling services in Senegal, and The Gambia.

The Dakar headquartered company announced its willingness to invest approximately US$ 121M as the concessionaire of the proposed gas terminal at the Autonomous Port of Dakar, signifying its growing role in Senegal’s gas-powered energy transition.

The Port of Dakar Gas Terminal Project

The multi-phased Port of Dakar Gas Terminal Project will involve the construction of a gas terminal for the production, storage, regasification, and distribution of Liquefied Natural Gas (LNG), featuring a storage capacity of 140,000 m³.

Also Read: Agreement for the development of deep water port at Ndayane in Senegal

The objective of the gas terminal according to Abderrahmane Ndiaye, the President of Elton Group is to offer a logistical solution by providing LNG to the users including energy producers, industries, cement plants, mining companies, LNG-powered vessels, and neighboring countries.

Benefits of the project

In addition to strengthening the domestic gas value chain, the project will also generate indirect and direct employment straight from its construction to the operation phase.

It will also be the first project of its kind in the region owing to its ability to accommodate ships using LNG as fuel. This, the Elton Group President explained that it will give the gas facility a significant competitive advantage over other ports in the sub-region.

If you have a remark or more information on this post please share with us in the comments section below

LEAVE A REPLY

Please enter your comment!
Please enter your name here