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#IMF Sees #Mauritania Growth Almost Tripling on Gas Exports ✅Growth forecast at 5.1% in 2024 and 14.3% in 2025 on gas yield ✅Mauritania gas exports may offer alternative supply for Europe ✅The International Monetary Fund expects Mauritania’s economic growth to almost triple in 2025 fueled by gas exports set to start in the second half of this year. ✅Gross domestic product growth of 5.1% predicted for 2024 is forecast to reach 14.3% in 2025 based on mining and gas revenue from the Grand Tortue Ahmeyim development, said Felix Fischer, the IMF’s head of mission to Mauritania. “We project that the first gas production from GTA will start in the first half of 2024 with gas exports expected in the second half, which will contribute positively to GDP growth starting in 2024,” Fischer said. Output capacity should be reached in 2025, according to #IMF estimates. “That’s when the biggest impact is going to be and where we see a growth projection of 14.3% with gas exports representing 11.6% of total exports,” Fischer said. The $4.8 billion project straddling the Northwest African nation and Senegal’s maritime border is being developed by bp and Kosmos Energy The offshore GTA field is set to produce 2.5 million tons of liquefied natural gas a year in the first phase.