Commodity market report
Global gas markets long-term supply outlook - Western Africa - H1 2015
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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 contains
Table of contents
- Executive summary
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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
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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
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Infrastructure
- LNG
- Pipe
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Supply-demand balances
- Export potential
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Contracts
- Nigeria
- Angola
- Equatorial Guinea
- Cameroon
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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
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Market access
- LNG
- Pipe
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Recent trends
- LNG
- Pipe
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Outlook
- Medium term
- Long term
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Policy and strategy
- Risks and uncertainties
Tables and charts
This report includes 14 images and tables including:
Images
- Map - key domestic and export infrastructure
- Indigenous production potential
- Domestic demand by country
- Domestic demand by sector
- Export capacity
- Contracted exports vs. export potential
- Available export volumes vs Available export capacity
- Export outlook vs. export potential
- Export supply mix
- West Africa historic LNG exports, by destination region on a FOB basis
Tables
- Demand: Table 1
- Existing LNG capacity
- Future LNG capacity
- Pipeline
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