Equatorial Guinea Energy Information

Equatorial Guinea Energy Research

- Equatorial Guinea's Energy & Climate Policy Framework: Equatorial Guinea plans 2026 oil & gas licensing round, aiming to boost upstream sector & gas resources while targeting 35% GHG reduction by 2030.

- Equatorial Guinea's Energy Companies: GEPetrol to redevelop Zafiro field post-ExxonMobil exit; ConocoPhillips & Chevron lead gas production.

- Equatorial Guinea's Energy Supply & Demand: Crude oil production down 69% since 2014; gas dominates energy mix (86% in 2024). Electricity from gas (64%) and hydro (35%). GHG emissions declining since 2013.

- Equatorial Guinea's Energy Use & Price by Sector: Industrial sector dominates final energy demand, primarily met by natural gas. Transport relies solely on oil products. Residential/services/agriculture use biomass and electricity.

- Equatorial Guinea's Issues & Prospects: Chevron approves Aseng gas project; Sendje hydropower resumes construction.

Equatorial Guinea Total Energy Production & Consumption

Following a significant increase since 2019 (around 12%/year), with a historic peak at 3.2 Mtoe in 2022, total energy consumption decreased to 2.7 Mtoe in 2024. Between 2013 and 2018, total energy consumption fluctuated within a range of 2.6 to 3 Mtoe. There was a ten-fold increase in consumption from 2000 to 2013, culminating in 2013 at 3 Mtoe. A notable increase in energy consumption began after 2001, coinciding with the start of a new gas project. Total energy consumption per capita is rather high compared to the other sub-Saharan African countries, at 1.6 toe in 2023.

Source: Equatorial Guinea energy report

Interactive Chart Equatorial Guinea Total Energy Production & Consumption

Source: Global Energy & CO₂ data

Equatorial Guinea Oil Production & Consumption

Since 2012, when it reached 16.6 Mt, the production of crude oil and condensates has been decreasing by around 10%/year, reaching 4.5 Mt in 2024. It increased dramatically following the commissioning of the first field of Alba in 1996 and then the Zafiro field, reaching a peak of 19 Mt in 2005. About 85% of the production is in the form of crude oil and 15% as condensates. Crude oil production comes almost entirely from three fields - Zafiro, Ceiba, and Okume - while condensates come from the Alba field.

Source: Equatorial Guinea energy report

Interactive Chart Equatorial Guinea Crude Oil Production & Consumption

Source: Global Energy & CO₂ data

Interactive Chart Equatorial Guinea Refined Oil Products Production & Consumption

Source: Global Energy & CO₂ data

Equatorial Guinea Natural Gas Production & Consumption

Marketed gas production recovered to 7.7 bcm in 2024, following a 12% decline the previous year (7.3 bcm). This fluctuation follows a period of robust growth between 2020 and 2022 (+16%/year), when output peaked at 8.3 bcm, returning to levels last seen in 2017. Production declined rapidly decline between 2017 and 2020 (-9%/year). Gas production saw a significant surge between 2004 and 2013, peaking at 8.6 bcm, and remained roughly stable until 2017.

In 2024, around 54% of the gas produced is exported as LNG, down from 75% in 2010.

Source: Equatorial Guinea energy report

Interactive Chart Equatorial Guinea Gas Production & Consumption

Source: Global Energy & CO₂ data

Equatorial Guinea GHG emissions and CO₂ emissions

In its updated NDC (2022), Equatorial Guinea set a GHG emissions reduction target of 35% by 2030 compared to 2010 levels, instead of 20% in the previous NDC. The GHG emissions reduction target for 2050 is unchanged and remains 50%. The national GHG emissions reduction budgets for each sector during 2022-2030 is currently underway.

The country published its long-term low-carbon development strategy in 2025, which sets a GHG emissions reduction target of 35% by 2035 and a 50% by 2050, compared to 2019 emission levels.

Source: Equatorial Guinea energy report

Interactive Chart Equatorial Guinea CO₂ emissions

Source: Global Energy & CO₂ data