Cote d`Ivoire energy markets long-term outlook 2019

Cote d’Ivoire is emerging from the turmoil of a civil war that ended in in 2011. As the political situation has become more settled the economy has thrived. Cote d’Ivoire’s energy consumption will increase by 43% from 2019 to 2040. The largest and fastest growing section of the mix will be oil, symptomatic of a growing demand for personal vehicles and underpinned by robust economic growth. Petroleum exports, along with gold, rubber and cocoa, have aided economic recovery. Indigenous petroleum production is expected to enter terminal decline post 2020 unless more commercial discoveries are made. At the same time rapid recent economic growth has left the power sector on the back foot and struggling to keep up with demand. A large expansion programme will result in a 100% increase in power capacity between 2019 and 2027. This will require a large increase in net imports of oil, gas and coal over the forecast which are likely to come from neighbouring markets and possibly LNG imports