{"id":95228,"date":"2026-03-20T10:10:27","date_gmt":"2026-03-20T10:10:27","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/uncategorized\/pm-sonko-advances-talks-on-nationalizing-yakaar-teranga"},"modified":"2026-03-20T10:50:35","modified_gmt":"2026-03-20T10:50:35","slug":"pm-sonko-advances-talks-on-nationalizing-yakaar-teranga","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/pm-sonko-advances-talks-on-nationalizing-yakaar-teranga","title":{"rendered":"PM Sonko Advances Talks on Nationalizing Yakaar-Teranga"},"content":{"rendered":"<p><span class=\"ap-article-header-tag\"> <strong>Africa-Press &#8211; Gambia. <\/strong> <\/span><b>PM Ousmane Sonko said talks to nationalise the Yakaar-Teranga gas project, operated by Kosmos Energy (KOS.N) were nearly concluded and Senegal would retake the block at no cost in the coming weeks. Kosmos Energy, which has a 90% stake, became the operator of the Yakaar-Teranga gas field in 2023 \u2060after BP has announced its exit.<\/b><\/p>\n<p>Kosmos said in an email it was withdrawing from the block and that its licence expires in July 2026. \u201cWe have not been able to attract a suitable partner and agree a commercially attractive development concept with the government of Senegal,\u201d Kosmos spokesman Thomas Golembeski said.<\/p>\n<p>Sonko did not share updates on Australia\u2019s Woodside Energy (WDS.AX) which operates Senegal\u2019s Sangomar oil and gas field. Senegal became an oil-producing nation when the Sangomar field began production in June 2024.<\/p>\n<p>Sonko said the government has also cancelled the licences of several \u2060blocks such as Diender Offshore, Differe, Cayar Offshore Shallow, St Louis Offshore Shallow and Rufisque Offshore. He said the government was discussing the resizing of blocks, as the previous perimeters were too vast and did not meet international best practices.<\/p>\n<p class=\"ap-article-footer-note\">Find more news and analyses on <span class=\"ap-highlight-country\">Gambia<\/span> on the <span class=\"ap-highlight-brand\">Africa Press<\/span> website<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Gambia. PM Ousmane Sonko said talks to nationalise the Yakaar-Teranga gas project, operated by Kosmos Energy (KOS.N) were nearly concluded and Senegal would retake the block at no cost in the coming weeks. Kosmos Energy, which has a 90% stake, became the operator of the Yakaar-Teranga gas field in 2023 \u2060after BP has [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":95227,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[260],"class_list":["post-95228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-gambia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>PM Sonko Advances Talks on Nationalizing Yakaar-Teranga - Gambia<\/title>\n<meta name=\"description\" content=\"-article-header-tag&quot;&gt; Africa-Press - Gambia. 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