West Africa Oil and Gas Midstream Market Size (2024 - 2029)

West Africa Oil and Gas Midstream Market Size Summary

The West Africa oil and gas midstream market is poised for growth, driven by increasing investments and rising production and consumption of oil and gas. The region's midstream sector is expected to expand, with new pipelines and LNG terminals anticipated to be constructed. This growth is particularly notable in Nigeria, which boasts relatively better midstream infrastructure compared to its neighbors. The country's significant investments in pipelines and LNG terminals are expected to further bolster the industry's expansion. However, political instability in certain countries poses a challenge to the region's growth prospects. Despite these challenges, the exploration and production of oil and gas fields present opportunities for midstream companies, as the demand for pipeline and storage infrastructure continues to rise.

The scarcity of pipeline infrastructure outside Nigeria, relative to the population, suggests that the oil and gas market could develop as the region's economies prosper. Existing pipelines, such as the Petroci Foxtrot Gas Pipeline and the West African Gas Pipeline, play crucial roles in connecting countries and facilitating gas delivery. The increase in oil and gas consumption is expected to incentivize further investments in the sector, leading to a slight increase in pipeline capacity over the forecast period. The West African oil and gas midstream market is consolidated, with major players including the Nigerian National Petroleum Corporation, Royal Dutch Shell PLC, Eni SPA, Societe Nationale d'Operations Petrolieres de la Cote d'Ivoire (Petroci), and Chevron Corporation, all contributing to the industry's growth trajectory.