Top sectors with potential for U.S. companies include the oil and gas sector; power generation systems and equipment; gas-to-power systems and equipment; automobiles/trucks and automotive parts; aircraft; construction equipment; agricultural equipment; medical equipment, accessories, and services; telecommunications equipment; software; data management systems; and computers and peripherals.
Major offshore oil and gas discoveries will soon put Senegal on the world map of oil and gas producing countries. First gas is expected in 2023 from the Grand Tortue Anaheim (GTA) offshore gas field straddling the border with Mauritania. The GTA field, operated by BP, contains an estimated 25 trillion cubic feet of natural gas, and Senegal has plans to become a major LNG hub. The Sangomar oil field near Dakar, operated by Woodside (Australia), is also expected to produce first oil in 2023. Senegal has a licensing round in progress for additional deep-water blocks as of September 2020.
Senegal is seeking to replace existing HFO and diesel-run plants with natural gas-powered plants (initially from imported LNG but eventually from local sources), and renewable sources. Senegal’s installed capacity is presently 1,300 megawatts (MW) including 141 MW of solar power and 50 MW of wind.
Major infrastructure projects include the development of a new city in Diamniadio near Dakar, healthcare and hospital upgrades, tollroad development, dam construction on the Senegal River, electrical power line and distribution upgrades, fiber optic cable landings and extensions, and carrier-neutral datacenters. Construction activities fuel demand for construction equipment, particularly re-conditioned equipment.
Key commercial opportunities in the agricultural sector include farming equipment, expanded irrigation systems, post-harvest handling systems, storage and silo facilities.