Karmol Dakar FSRU

This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.

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Karmol Dakar FSRU is a liquefied natural gas (LNG) import terminal under construction in Senegal. The FSRU provides gas to the Karpowership (Senegal) Aysegul Sultan power station.

Location

The terminal is located in Port Dakar, Senegal.

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Project details

• Operator: KARMOL

• Owner: KARMOL

• Parent company: MOL, Karpowership (subsidiary of Karadeniz Energy Group)

• Vessel: Karmol LNGT Powership

• Location: Port Dakar, Dakar, Senegal

• Coordinates: 14.6893, -17.4323 (exact)

• Capacity: 2.5 mtpa

• Status: Construction

• Type: Import

• Start year: 2024
  • Formerly 2023

• FID status:
• Financing: US$71 million loan from JBIC and MUFG (2023), US$60 million for LNG facility and associated power plant from Mauritius Commercial Bank (2021)

• Associated infrastructure: Karpowership (Senegal) Aysegul Sultan power station

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

Background

Karmol Dakar FSRU is a floating LNG import vessel connected to the 236-MW Karpowership power plant, another vessel. The terminal has an import capacity of 15 million cubic feet per day (MMcf/d)(0.11 mtpa) with the potential of being expanded to 300 MMcf/d (2.28 mtpa). This integrated, floating complex will serve critical shore-based grids in Senegal. The vessel is described as the world's first modular LNG FSRU.

In May 2022, the vessel was completed, but the project had not yet begun operation.

The annual IGU report released in June 2024 states that the facility is still under construction.

Financing

In April 2021, the Mauritius Commercial Bank (MCB) granted US$60 million in financing for the LNG-to-power project in Senegal including the LNG terminal and associated power station.

In January 2023, KARMOL received a loan from the Japanese banks JBIC and MUFG for US$71 million to finance the project.

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