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16 Pages

Global gas markets long-term supply outlook - Western Africa - H1 2015


Global gas markets long-term supply outlook - Western Africa - H1 2015

Report summary

West Africa is an established LNG supply region. There is 23.8 mmtpa of existing LNG export capacity however, reliability of exports has been poor. Nigeria leads the region, contributing 20.4 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 and two FLNG projects in Cameroon and Equatorial Guinea could reach FID by H2 2015 and 2016 respectively.  

What's included?

This report includes 2 file(s)

  • Global gas markets long-term supply outlook - Western Africa - H1 2015 PDF - 618.90 KB 16 Pages, 4 Tables, 10 Figures
  • GGS - Western Africa - H1 2015.xls XLS - 276.50 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
  • Supply
    • LNG has monetised associated gas and reduced widespread gas flaring
    • Underfunding and security of supply are holding back Nigerian exports
    • Huge exploration potential for material gas discoveries but commercialisation will remain difficult
    • Floating LNG is a potential game-changer for West Africa
  • Demand
    • Ambitious plans for indigenous Nigerian demand growth unlikely to be realised
    • Modest gas demand growth in Angola
    • Gas demand in Cameroon and Equatorial Guinea forecast to remain low
  • Infrastructure
    • LNG
    • Pipe
  • Supply-demand balances
    • Export potential
  • Contracts
    • Nigeria
    • Angola
    • Equatorial Guinea
    • Cameroon
  • Trade
    • Policy and strategy
      • Nigeria shifts focus to gas through legislation
      • Angola's tough fiscal terms stifle gas developments
      • Reserves are a key concern for Cameroon's export plans
    • Market access
      • LNG
      • Pipe
    • Recent trends
      • LNG
      • Pipe
    • Outlook
      • Medium term
      • Long term
  • Risks and uncertainties

In this report there are 14 tables or charts, including:

  • Executive summary
    • Map - key domestic and export infrastructure
  • Supply
    • Indigenous production potential
  • Demand
    • Domestic demand by country
    • Domestic demand by sector
    • Demand: Table 1
  • Infrastructure
    • Export capacity
    • Existing LNG capacity
    • Future LNG capacity
    • Pipeline
  • Supply-demand balances
    • Available export volumes vs Available export capacity
  • Contracts
    • Contracted exports vs. export potential
  • Trade
    • West Africa historic LNG exports, by destination region on a FOB basis
    • Export outlook vs. export potential
    • Export supply mix
  • Risks and uncertainties
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