Petrosen director general clarifies Kosmos Energy's withdrawal from Yakaar-Teranga gas block
via SeneNews1 min read
Alioune Guèye, Director General of Petrosen Holding, addressed the controversy surrounding the Yakaar-Teranga gas block, stating that Kosmos Energy's withdrawal was not spontaneous but resulted from structured renegotiations initiated by the new Senegalese authorities. He explained that this matter was a priority for a commission established by Prime Minister Ousmane Sonko. Guèye indicated that the state presented several legal options during discussions, including a voluntary negotiated withdrawal, unilateral contract termination, or international arbitration as a last resort. This approach aimed to defend Senegal's strategic interests in a sector deemed crucial for energy sovereignty and economic development. The Director General of Petrosen affirmed that Kosmos Energy's withdrawal was a direct outcome of these renegotiations, which began with the new administration, with the goal of reaching an agreement favorable to the state. Regarding Kosmos Energy's communication, Guèye suggested the company was permitted to announce its departure to protect its stock market interests, framing this as part of a diplomatic strategy that facilitated the conclusion of negotiations without open conflict.
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This summary was AI-generated from a story originally published by SeneNews.
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