Senegal as an LNG exporter: stranded asset risks in the transition

A report by the NewClimate Institute analyzing the financial and environmental risks associated with Senegal's plans to develop offshore oil and gas reserves for export, highlighting the potential for stranded assets due to the global energy transition.

• Senegal intends to use revenue from offshore oil and gas reserves, discovered in 2014, to support its goal of becoming an emerging economy by 2035, seeking investors for production, export infrastructure, and domestic use.
• The business case for Senegal's LNG export infrastructure is weakened by declining global demand, particularly in Europe, and the cost competitiveness of existing producers. Consequently, these exports risk being unprofitable in Paris-aligned and current policy scenarios, potentially leading to stranded assets.
• Oil and gas development in Senegal creates social and environmental risks, specifically threatening fishing communities that are vital for the country's food security and economy. Furthermore, these plans conflict with the goals of Senegal's Just Energy Transition Partnership (JETP).

APA

NewClimate Institute (2023). Senegal as an LNG exporter: stranded asset risks in the transition. http://www.newclimate.org/resources/publications/senegal-as-an-lng-exporter-stranded-asset-risks-in-the-transition

Chicago

NewClimate Institute. Senegal as an LNG exporter: stranded asset risks in the transition. 2023. http://www.newclimate.org/resources/publications/senegal-as-an-lng-exporter-stranded-asset-risks-in-the-transition.

Wikipedia

{{cite report |author=NewClimate Institute |title=Senegal as an LNG exporter: stranded asset risks in the transition |date=18 December 2023 |url=http://www.newclimate.org/resources/publications/senegal-as-an-lng-exporter-stranded-asset-risks-in-the-transition |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{newclimateinstitute2023senegal, author = {{NewClimate Institute}}, title = {{Senegal as an LNG exporter: stranded asset risks in the transition}}, institution = {NewClimate Institute}, year = {2023}, month = dec, url = {http://www.newclimate.org/resources/publications/senegal-as-an-lng-exporter-stranded-asset-risks-in-the-transition}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }