U.S. Trade and Development Agency Engages with FONSIS on Senegal Gas Feasibility Study
Posted on 09/01/2020
The U.S. Trade and Development Agency (USTDA) announced grant funding for a feasibility study to develop Senegal’s first major domestic onshore gas pipeline. According to the press release, “USTDA’s engagement will help the developer – Fonds Souverain d’Investissements Stratégiques (FONSIS), Senegal’s sovereign wealth fund – attract financing to the project. A grant agreement was signed in a virtual ceremony that included USTDA Chief Operating Officer, Head of Agency Todd Abrajano, Senegalese Minister of Petroleum and Energy Mouhamadou Makhtar Cisse, U.S. Ambassador to Senegal Tulinabo S. Mushingi, and CEO of FONSIS Papa Demba Diallo.”
The gas pipeline has the potential to become the backbone of Senegal’s domestic gas sector and help create the infrastructure to supply the country’s power plants. This project is backed by the U.S. government’s Power Africa and Prosper Africa Initiatives, as well as USTDA’s U.S. Gas Infrastructure Exports Initiative. The United States Trade Development Agency has approved a grant of nearly $1.3 million to support the development of Senegal’s natural gas pipeline system.
