THE Port of Dakar Gas Terminal Project is set to receive a financial boost from the Elton Group, a provider of downstream oil, (more precisely the distribution of petroleum products and other related services), and automotive assembling services in Senegal, and The Gambia.
The Dakar headquartered company announced its willingness to invest about $121 million as the concessionaire of the proposed gas terminal at the Autonomous Port of Dakar, signifying its growing role in Senegal’s gas-powered energy transition.
The multi-phased Port of Dakar Gas Terminal Project will involve the construction of a gas terminal for the production, storage, regasification, and distribution of Liquefied Natural Gas (LNG), featuring a storage capacity of 140,000 m³.
The objective of the gas terminal, according to Abderrahmane Ndiaye, the President of Elton Group, is to offer a logistical solution by providing LNG to the users including energy producers, industries, cement plants, mining companies, LNG-powered vessels, and neighbouring countries.
In addition to strengthening the domestic gas value chain, the project will also generate indirect and direct employment straight from its construction to the operation phase.
It will also be the first project of its kind in the region owing to its ability to accommodate ships using LNG as fuel. This, the Elton Group President explained that it will give the gas facility a significant competitive advantage over other ports in the sub-region.