Market Size of Equatorial Guinea Oil and Gas Midstream Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 0.42 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Equatorial Guinea Oil & Gas Midstream Market Analysis
The market for Equatorial Guinea's oil and gas midstream is expected to register a CAGR of more than 0.42% during the forecast period of 2020-2025. Factors, such as increasing gas production, the government's push to invest in the pipelines, and new discoveries of oil fields, are expected to boost the demand for the Equatorial Guinea oil and gas midstream market during the forecast period. However, Equatorial Guinea is facing declining oil production and fiscal pressure because of the sustained decline in oil prices. This factor, in turn, is expected to have a negative impact on the growth of the market in the coming years.
- The pipeline sector is expected to witness growth due to the government's push in the oil and gas midstream sector. Increasing gas production is likely to incentivize investors in the oil and gas pipeline market.
- Equatorial Guinea has approximately 1,100 million barrels of proven oil reserves. An increase in the production of oil due to the oil reservoirs may lead to an opportunity for the companies working in the midstream industry, as better infrastructure may be required for transportation and storage.
- Continued fall in the production of oil in the country caused concern in the industry about its revival. Measures are being taken to produce oil from more blocks by the government, but a sizeable positive trend from the current production may not be expected in the short-term.
Equatorial Guinea Oil & Gas Midstream Industry Segmentation
Equatorial Guinea oil and gas midstream market report includes:
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Equatorial Guinea Oil and Gas Midstream Market Size Summary
The oil and gas midstream market in Equatorial Guinea is poised for modest growth, driven by factors such as increased gas production and government initiatives to enhance pipeline infrastructure. Despite challenges like declining oil production and fiscal pressures due to low oil prices, the sector is expected to benefit from new oil field discoveries and investments in pipeline projects. The government's focus on expanding the midstream sector, coupled with the country's substantial proven oil reserves, presents opportunities for companies in the industry to improve transportation and storage infrastructure. However, the ongoing decline in oil production raises concerns about the sector's long-term viability, although efforts are underway to boost output from additional blocks.
The pipeline sector is anticipated to experience growth, supported by government efforts and rising gas production, which may attract further investment. Notable projects, such as the offshore gas pipelay awarded to Saipem, highlight the country's commitment to enhancing its midstream capabilities. While natural gas consumption has seen a decline, the development of new infrastructure, like the proposed Bioko terminal, aims to accommodate increased gas production. The market remains consolidated, with key players including Saipem SPA, Maritime Developments Ltd, and Marathon Oil Company, who are likely to play significant roles in shaping the industry's future during the forecast period.
Equatorial Guinea Oil and Gas Midstream Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD million, until 2025
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE ANALYSIS
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2. MARKET SEGMENTATION
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2.1 Transportation
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2.1.1 Overview
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2.1.1.1 Existing Infrastructure
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2.1.1.2 Projects in Pipeline
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2.1.1.3 Upcoming Projects
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2.2 Storage
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2.2.1 Overview
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2.2.1.1 Existing Infrastructure
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2.2.1.2 Projects in Pipeline
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2.2.1.3 Upcoming Projects
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2.3 LNG Terminals
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2.3.1 Overview
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2.3.1.1 Existing Infrastructure
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2.3.1.2 Projects in Pipeline
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2.3.1.3 Upcoming Projects
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Equatorial Guinea Oil and Gas Midstream Market Size FAQs
What is the current Equatorial Guinea Oil and Gas Midstream Market size?
The Equatorial Guinea Oil and Gas Midstream Market is projected to register a CAGR of greater than 0.42% during the forecast period (2024-2029)
Who are the key players in Equatorial Guinea Oil and Gas Midstream Market?
Maritime Developments Ltd., Saipem S.P.A., Sociedad Nacional de G.E., Equatorial Guinea of Petroleum and Marathon Oil Company are the major companies operating in the Equatorial Guinea Oil and Gas Midstream Market.
