Skip to main content

Senegal energy report

Senegal energy report
Update
Format
3 files (PDF report, 2 Excel files)
Pages
30 (Report only)
Delivery
Immediate by e-mail
Table of Contents
  • GENERAL OVERVIEW
  • INSTITUTIONS AND ENERGY POLICY
  • ENERGY COMPANIES
  • ENERGY SUPPLY
  • ENERGY PRICES
  • ENERGY CONSUMPTION
  • ISSUES AND PROSPECTS
  • DATA TABLES
  • ABBREVIATIONS
  • GLOSSARY

Download the Table of Contents

Buy Senegal energy report

Price without VAT. Depending on your statute and location, VAT might be applicable. Get in touch with us for more information.

After validation, you will immediately receive 3 files by email (one pdf report and 2 excel files containing the datasets).

Price
890 €

Overview

This analysis includes a comprehensive Senegal energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.

Highlights

  • The electricity code was revised in 2021 to liberalise the power sector.
  • The country targets universal access to electricity by 2025 and 40% of renewables in the power capacity by 2030.
  • Senelec is the main power producer, followed by Karpowership, a Turkish IPP.
  • TotalEnergies has the largest service stations network.
  • Oil accounts for around 80% of the power mix.
  • Senegal was interconnected to Guinea and Guinea-Bisau in 2023.
  • The government pledged to end energy subsidies in 2025.
  • Electricity prices are among the highest in West Africa.
  • Primary energy consumption is growing rapidly (4%/year since 2013).
  • The share of biomass in the country's primary mix has declined by 10 points since 2010 to 41% in 2022.
  • Senegal will become a significant oil and gas producer in 2024.
  • The country aims to convert all of its thermal power plants to gas.
70%
electrification rate in 2022
79%
share of oil in the power mix
40%
of renewables in grid-connected capacity in 2030
  • 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, Sustainable Development, and Ecological Transition looks after environmental issues. The Ministry of Finance and Budget plays an important part in the financing of investments and energy prices.

  • Energy Companies

    Oil:

    Petrosen is the state-owned oil and gas company. The company, which implements the oil policy of the government, is in charge of the promotion, hydrocarbon resources, refining, storage, marketing, distribution, transport of petroleum products. The company was restructured in 2019, with the separation of upstream and downstream activities.

  • Energy Supply

    Resources:

    Senegal is historically very poor in energy resources, except for biomass. Gas reserves are estimated at 52 bcm, following recent discoveries at the GTA field, and hydro resources at 2 TWh. The country has a high irradiation potential, with an average daily theoretical solar PV irradiation potential of 5,798 kWh/m2.

  • Energy Prices

    Electricity:

    Electricity prices are regulated by the CRSE, which sets the tariffs for all consumer segments and establishes the modalities for reviewing those tariffs. Electricity prices are subsidised and Senelec receives compensation from the government. Subsidies for electricity, which amounted to XOF280bn (US$460m) in 2023, are scheduled to end in 2025.

  • Energy Consumption

    Per capita energy consumption was 0.3 toe in 2022 (40% below the Sub-Saharan Africa average), including approximately 360 kWh of electricity (similar to the regional average).

    Total primary energy consumption is growing rapidly (+3.7%/year, on average since 2013) and reached 5.2 Mtoe in 2022, more than twice its 2000 level.

  • Issues & Prospects

    Gas:

    Large gas resources were discovered in the Grand Tortue Ahmeyim (GTA) gas field in 2014 between Senegal and Mauritania, that are estimated to hold around 425 bcm of gas (15 Tcf). The governments of Senegal and Mauritania signed an agreement in 2018 to equally split resources, taxes, and revenues. On the Senegalese side, BP (60% stake), Kosmos (30%), and Petrosen (10%) are developing the field.

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2022, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2022 %)
  • 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 (2022, %)
  • GRAPH 9: Final consumption market share by sector (2022, %)
  • 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.

The Senegal energy market data since 1990 and up to is included in the Excel file accompanying the Senegal country report.
It showcases the historical evolution, allowing users to easily work with the data.

Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Senegal Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Senegal energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).