Kosmos Energy dips as Senegal signals nationalization of gas project
ReutersDec 10, 2025 3:01 PM
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
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