Senegal energy report

• Senegal has updated its oil and gas codes and aims at ensuring universal access to electricity.
• The Government has set a target of 30% of renewables in the power mix by 2025.
• Senelec is the main power producer with about half of the production capacity. It owns the transport network and most of the distribution network.
• International oil companies are active in the upstream oil sector, while Total dominates the retail oil market.
• Senegal recently discovered significant offshore oil and gas resources.
• Most of the power capacity is covered by oil, but wind and solar capacities are increasing rapidly.
• Fuel prices are among the highest in Western Africa.
• Senelec increased prices in 2020 to reflect cuts in oil subsidies that raised production costs.
• Energy consumption has doubled since 2000 and electricity consumption has increased nearly 5-fold.
• Oil supplies 57% of the total energy consumption and biomass over 35%.
• Senegal plans to convert its coal and oil-fired plants to gas over the next year, as its offshore gas fields are planned to come on stream around 2022.
• Senegal is developing many power transmission and distribution projects, including interconnection projects with Mali.

• Institutions & Energy Policy

  The Ministry of Petroleum and Energy prepares and implements the country's energy policy and supervises the public energy companies.

  The Ministry of Environment and Sustainable Development looks after environmental issues. The Ministry of Finance and Budget plays an important part in the financing of investments and energy prices.

• Energy Supply

  Resources:

  Senegal is historically very poor in energy resources, except for biomass. Forest cover is decreasing rapidly (43% of the country's land area in 2015, compared to 70% twenty years ago). Estimates of gas reserves in Senegal were revised upward to 214 bcm in 2018 following recent discoveries (they could even rise to 450 bcm).

• Energy Prices

  Oil:

  Oil taxes represent a quarter of the State's budgetary resources and oil products are heavily taxed (70% in the case of gasoline, 60% in the case of diesel). Consequently, the country has the highest diesel and gasoline prices in Western Africa.

• Energy Consumption

  Per capita energy consumption is 0.29 toe, including approximately 270 kWh of electricity (2019).

  Total energy consumption is growing rapidly (+3.6%/year, on average, since 2000) and reached 4.7 Mtoe in 2019, nearly twice its 2000 level.

  In 2019, oil covered 57% of the country's energy needs, biomass (mainly wood) 35%, and coal 7%.

• Issues & Prospects

  Oil:

  Promising oil discoveries will turn the country into an oil producer. In 2017, the World Bank approved US$29m in financing to develop the oil sector, especially to help the government oversee oil and gas development and be more transparent in negotiations.

• GENERAL OVERVIEW
• INSTITUTIONS AND ENERGY POLICY
• ENERGY SUPPLY
• ENERGY PRICES
• ENERGY CONSUMPTION
• ISSUES AND PROSPECTS
• DATA TABLES
• ABBREVIATIONS
• GLOSSARY

Download the Table of Contents

Below is a list of the Senegal energy market report graphs:

• GRAPH 1: CO₂-energy emissions (MtCO₂)
• GRAPH 2: Installed electric capacity by source (2019, %)
• GRAPH 3: Gross power production by source (TWh)
• GRAPH 4: Power generation by source (2019 %)
• GRAPH 5: Gasoline & diesel prices (US$/l)
• GRAPH 6: Electricity prices for industry and households (US$c/kWh)
• GRAPH 7: Consumption trends by energy source (Mtoe)
• GRAPH 8: Total consumption market share by energy (2019, %)
• GRAPH 9: Final consumption market share by sector (2019, %)

In the Senegal energy market report you will find the following tables:

• Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO₂ emissions.
• Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
• Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
• Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
• Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.