4th
largest oil producer in Sub Saharan Africa
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This analysis includes a comprehensive Gabon 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 2017 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.
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Highlights
4th
largest oil producer in Sub Saharan Africa
~4%/yr
electricity production between 2000 and 2016
~3/4
of energy needs from biomass
Abstract
Institutions & Energy Policy
The Ministry of Petroleum and Hydrocarbons and the Ministry of Energy and Hydraulic Resources share responsibility for the energy sector.
Gabon is the fourth largest oil producer in Sub-Saharan Africa. The share of oil revenues in the GDP declined between 2012 and 2016 and has been progressing slightly since then (around 28% in 2019, vs 50% in 2012).
Energy Companies
Gas:
Perenco dominates natural gas production (average gross production of 50 mcf/d or 0.5 bcm/year) through 5 fields: Ganga, Ozangue, M'Bya, Breme, and Batanga. It supplies the Owendo (Libreville port) and Port-Gentil power stations through a 450 km pipeline.
Energy Supply
Oil:
Oil production has declined by almost 30% since 2010, from 12.4 Mt to around 9 Mt in 2019. It had decreased by 30% between 1997 and 2002, from around 18 Mt to 13 Mt, due to the falling production of the main fields and the decline of reserves.
Energy Prices
Oil:
Gasoline and diesel prices follow international trends since 2016 and stand at US$ 1.1/l and US$ 1/l in 2019. They fell to US$ 0.9/l and US$ 0.8/l in 2016, due to a decision by the government to lower prices following the decline in global oil prices. Prices are similar to its neighbour Cameroon.
Energy Consumption
Energy consumption per capita is around 2.4 toe, including 980 kWh of electricity (2018).
Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)
Issues & Prospects
Electricity:
Faced with a planned electricity demand growth of about 6-8%/year, the country aims to reach a power capacity of 1 200 MW in 2022-23. The share of oil and gas will be reduced to 20%, while the share of hydropower will reach 80%. Plans will include new power plants, as well as extension projects.
Below is a list of the Gabon energy market report graphs:
In the Gabon energy market report you will find the following tables:
The Gabon energy market data since 1990 and up to 2017 is included in the Excel file accompanying the Gabon country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The Gabon country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
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