Kosmos Energy Denies Plans for Yakaar-Teranga Nationalization

Reuters12-11
<a href="https://laohu8.com/S/KOS">Kosmos Energy</a> Denies Plans for Yakaar-Teranga Nationalization

Kosmos Energy Ltd. has clarified that there is no intention to nationalize the Yakaar-Teranga field, countering recent media reports. The company confirmed it has been working with Petrosen to find a suitable partner and develop a commercially viable plan for the field. In the absence of a new partner, Kosmos will collaborate with Petrosen to transfer the license back to the Senegalese state by July 2026, when the license expires. Kosmos also reiterated its ongoing cooperation with Petrosen and other partners on the GTA project, which has recently exceeded its floating LNG vessel's nameplate capacity.

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