- Update
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- Format
- 3 files (PDF report, 2 Excel files)
- Pages
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30 (Report only)
- Delivery
- Immediate by e-mail
- GENERAL OVERVIEW
- INSTITUTIONS AND ENERGY POLICY
- ENERGY COMPANIES
- ENERGY SUPPLY
- ENERGY PRICES
- ENERGY CONSUMPTION
- ISSUES AND PROSPECTS
- DATA TABLES
- ABBREVIATIONS
- GLOSSARY
Buy Cameroon energy report
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Overview
This analysis includes a comprehensive Cameroon energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
Highlights
- The country targets a 25% share of renewables in the electricity mix in 2035 and a 35% reduction in GHG emissions by 2030 compared to 2010.
- Eneo is the main power generator.
- Perenco and Victoria Oil & Gas are the key players in the country's oil and gas sector.
- Electricity generation has stabilised in recent years at around 8.5 TWh.
- Since a fire incident in 2019 at the country's sole refinery, all oil products have been imported.
- The government has increased gasoline and diesel prices twice within a span of 12 months.
- Biomass covers around 2/3 of total energy consumption.
- The Nachtigal hydropower project, expected to be completed by the end of 2024, will be the largest power plant in the country (420 MW).
- The Cameroon-Chad interconnection project was officially launched in November 2023.
Institutions & Energy Policy
The Ministry of Water and Energy (MINEE) oversees the design and implementation of the national energy policy.
Energy Companies
Gas:
Victoria Oil & Gas, through its subsidiary Gaz du Cameroun (GDC), is developing the Logbaba field, which started producing in 2012. It is also exploring the Matanda block (75% GDC, 25% Afex) and owns and operates the Logbaba gas processing plant. With an investment of US$110m, Victoria holds the totality of the project and a production licence of 25 years.
Energy Supply
Resources:
Cameroon has significant gas reserves (173 bcm, end of 2022), but modest oil reserves (27 Mt). Cameroon has the second greatest hydroelectric potential in Africa: 23 GW of technical potential, 40% of which is exploitable under good economic conditions (105 TWh/year). Wood reserves are abundant, especially in the southern part of the country.
Energy Prices
Oil:
The Government raised fuel prices by 15% in February 2024, citing the need to absorb the growing budgetary constraints that the country is facing and to avoid tensions in the supply of the petroleum products. The price of gasoline has increased from US$1.21/l to US$1.39/l, while the price of diesel increased from US$1.19/l to US$1.37/l.
Energy Consumption
Total energy consumption per capita is 0.4 toe, including 230 kWh of electricity (2022).
Total energy consumption has increased by 1.5%/year since 2017, reaching 10.3 Mtoe in 2022, after more rapid growth between 2010 and 2015 (5.5%/year).
Issues & Prospects
Electricity:
According to the long-term electricity sector development plan (PDSEN-2035), electricity demand is expected to reach between15 TWh (median growth scenario) and 17 TWh (high growth scenario) in 2035, mainly driven by rapid growth in industry (7-9%/year).
In its NDC, the country planned to reach 6 GW of capacity by 2035 (compared with 1.7 GW in 2022).
- GRAPH 1: CO2-energy Emissions (MtCO2)
- GRAPH 2: Installed electric capacity by source (2022, %)
- GRAPH 3: Gross power production by source (TWh)
- GRAPH 4: Power generation by source (2022, %)
- GRAPH 5: Gasoline & diesel prices (US$/l)
- GRAPH 6: Consumption trends by energy source (Mtoe)
- GRAPH 7: Total consumption market share by energy (2022, %)
- GRAPH 8: Final consumption market share by sector (2022, %)
- Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
- Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
- Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
- Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
- Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.
The Cameroon energy market data since 1990 and up to
is included in the Excel file accompanying the Cameroon country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
- Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
- Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
- Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
- Energy Balance: total and per energy.
- Cameroon Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Cameroon energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).