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