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Global gas markets long-term supply outlook – West Africa – H2 2015


Global gas markets long-term supply outlook – West Africa – H2 2015

Report summary

West Africa is an established LNG supply region. There is 30.8 mmtpa of existing LNG export capacity however, reliability of exports has been poor.

Nigeria leads the region, contributing 22 mmtpa of LNG capacity whilst Equatorial Guinea LNG operates at a steady 3.4 mmtpa. Angola LNG is expected to come back online in 2016 after several serious technical issues. GoFLNG in Cameroon took FID in September 2015 and we expect Fortuna FLNG in Equatorial Guinea to reach FID by H2 2016.

FLNG is a potential game-changer for the region. There are many factors which work to its favour, not least of which is the difficulty conventional LNG projects are having progressing near term. Later in the forecast however, we do expect increasing LNG capacity from conventional projects.

This update, our forecast for West African LNG production is 8% higher in 2035 than our H1 view. 

What's included?

This report includes 3 file(s)

  • Global gas markets long-term supply outlook - West Africa - H2 2015 PDF - 269.64 KB 3 Pages, 0 Tables, 0 Figures
  • Global gas markets long-term supply outlook Western Africa H1 2015.pdf PDF - 631.68 KB
  • Global gas markets long-term supply outlook West Africa H2 2015.xls XLS - 425.00 KB

Description

Volatility in oil markets and the growth of unconventional gas supply have created a high degree of uncertainty about future gas demand and the direction of gas prices.

This Gas Markets Long Term Outlook report forecasts future pricing, based on deep analysis of gas supply and demand fundamentals. Additionally, it addresses complex questions on gas flows, identifies future opportunities and informs fuel purchasing strategies.

Participants and investors can use this long term outlook report to understand gas markets and assess the impact of global gas dynamics and key market drivers.

Wood Mackenzie provides detailed supply, demand and price forecasts based on our integrated upstream, power, coal and LNG research. Our regional gas experts are based in the markets they analyse, providing comprehensive analyses of regional and global gas markets.

If you want to understand complex gas market dynamics and plan for the future, Wood Mackenzie is the premier resource to help you gain a clear, competitive advantage.

  • Executive summary
    • Key issues
      • Nigeria upstream supply
      • WAGP and Ghana supply
      • FLNG potential
      • Other export options
    • What to Watch
      • Short term
      • Medium term
      • Long term
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