Commodity Market Report

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

10 July 2015

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10 July 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.

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

Tables and charts

This report includes 14 images and tables including:

Map - key domestic and export infrastructure
Indigenous production potential
Domestic demand by country

Domestic demand by sector
Demand: Table 1
Export capacity
Contracted exports vs. export potential
Existing LNG capacity
Future LNG capacity
Pipeline
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

What's included

This report contains:

GGS - Western Africa - H1 2015.xls

XLS 276.50 KB
Global gas markets long-term supply outlook - Western Africa - H1 2015

PDF 618.90 KB
Global gas markets long-term supply outlook - Western Africa - H1 2015

ZIP 1.34 MB