GTA is one of the deepest offshore developments in Africa. The project has been declared one of “strategic national importance” by the governments of Mauritania and Senegal.
US Secretary of Energy Chris Wright approved the LNG export permit extension Mar. 3, 2025, in his opening remarks at CERAWeek by S&P Global in Houston on Mar. 10.
Executives also have raised their cost estimate for the LNG plant’s ongoing construction by about $2 billion and issued 2025 forecasts below analysts’ expectations.
The 15-year deal converts the previous heads of agreement into a definitive agreement and marks the first long-term LNG sales agreement between ADNOC and Osaka Gas.
