BUZZ-Kosmos Energy dips as Senegal signals nationalization of gas project

Reuters

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BUZZ-<a href="https://laohu8.com/S/KOS">Kosmos Energy</a> dips as Senegal signals nationalization of gas project

** Shares of oil and gas producer Kosmos Energy KOS.N down 4.2% at $1.03 in early market trading

** Senegal announces plans to nationalize the Yakaar-Teranga gas project

** KOS holds a 90% stake in the project, which is under a license set to expire in July 2026, with state-owned Petrosen owning the remaining 10%

** The move is aimed at redirecting gas production for domestic needs rather than exports

** Including session's moves, KOS down ~70% YTD

(Reporting by Dharna Bafna in Bengaluru)

((Dharna.bafna@thomsonreuters.com))

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