Senegal’s energy sector is emerging as one of the most attractive and strategically important industries in the country’s economic landscape. With ambitious national energy goals and recent discoveries of substantial oil and gas reserves, the sector is entering a transformative phase. Energy has become a central pillar of the country’s attractiveness and economic development strategy. Senegal officially became an oil-producing country on 11 June 2024, following the extraction of the first barrel from the offshore Sangomar field, operated by Woodside Energy, with a production target of approximately 100,000 barrels per day. This milestone positions Senegal as an emerging player in Africa’s energy landscape and strengthens its prospects for export revenues and industrial development. In parallel, the country demonstrates strong potential for renewable energy development, particularly in solar, wind, hydropower, and biomass. This dual dynamic of hydrocarbons and renewables offers a unique opportunity to build a diversified and resilient energy mix capable of supporting long-term growth and sustainability.
