LNG

Kosmos Energy has halved its forecast 2025 capex budget to $400 million after posting a $7 million net loss in the fourth quarter. The independent oil and gas producer now prioritises on generating free cash flow, notably from the Greater Tortue Ahmeyim (GTA) project where a first LNG cargo is lined up.

UK major BP and Kosmos Energy of the US along with the state energy companies of Mauritania and Senegal have confirmed the development expansion concept for the second phase of the Greater Tortue Ahmeyim (GTA) gas fields floating LNG project.