The project aims to reduce over $1 billion in annual energy subsidies and enhance domestic energy security by decreasing reliance on imported fuels. Senegal seeks to leverage natural gas for broader industrial growth, targeting sectors like fertilizer, petrochemicals . First-ever IEA review of Senegal's energy policies finds that robust institutions and planning, as well as success in expanding electricity access, bolster momentum towards 2035 goals Senegal's significant efforts to develop its energy sector and deliver energy access to more people are laying. The country has made significant progress on electricity access, which rose from 39 percent in 2001 to 74 percent in 2023, one of the fastest increases in Africa. Moreover, a quarter of Senegal's electricity supply now comes from renewable sources like solar, hydro and wind. 5 billion to develop an offshore asset, the Yakaar-Teranga gas field, capable of changing its national energy landscape. Adopted under the Just Energy Transition Partnership, signed in June 2023 with the International Partners Group (IPG)—comprising France, Germany, the. (Bloomberg) – Senegal's state-owned oil company said the Yakaar-Teranga gas discovery will cost $7.