LNG

July 6 (LNGJ) - Kosmos Energy, the Dallas-based company developing a natural gas and FLNG joint venture with UK major BP offshore Mauritania and Senegal in West Africa, has given an operational update on the project with a delay expected for first gas.

   “In Mauritania and Senegal, the Greater Tortue-Ahmeyim project continued to make steady progress during the quarter with key milestones achieved across all major workstreams,” said Andrew G. Inglis, Chairman and Chief Executive of Kosmos. “However, we are seeing cost inflation and supplier delays in the current environment together with some scope growth and, as a result, we are updating our estimates, with first gas now expected in the third quarter of 2023. Tortue is the right project at the right time with Phases 1 and 2 expected to deliver attractive returns in a strengthening LNG market,” Inglis added.

Kosmos Energy, the US shareholder in the floating LNG projects offshore the West African nations of Mauritania and Senegal, has announced a new leadership team in its exploration division.

Kosmos Energy, a shareholder with BP of the UK in the delayed floating LNG project offshore Senegal and Mauritania in West Africa, has agreed to sell upstream interests in a portfolio of other frontier exploration assets to a subsidiary of Royal Dutch Shell for around $100 million, plus future contingent payments of up to another $100M.

German technology has been chosen for the first floating liquefaction and export plants being developed offshore Senegal and Mauritania in West Africa by BP of the UK and Dallas-based Kosmos Energy.