The long wait for the Papua New Guinea liquefied natural gas (LNG) project is now over, and the energy sector is transforming from a major investment vehicle into a primary revenue generator for the economy. In fact, the project is expected to have so much of an impact during its first full year of LNG exports that PNG was projected to lead all Asian economies in GDP growth in 2015, at nearly...
Energy
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Interviews & Viewpoints | Etienne Dieudonné Ngoubou, Minister of Petroleum and Hydrocarbons: Interview from The Report: Gabon 2015
Articles & Analysis | Gabon seeks universal power access by 2035 from The Report: Gabon 2015
The government has fixed targets of providing electricity for 85% of rural areas by 2025 and achieving universal access to electricity for its population of around 1.7m by 2035. The objectives were set out in the Policy Letter for Universal Access for Basic Services in Rural Areas, which was approved by the Council of Ministers in September 2014...
Articles & Analysis | Pre-salt layers in Gabon hold potential reserves from The Report: Gabon 2015
Gabon is banking on its deepwater resources to achieve its ambitious target of doubling oil production to 500,000 barrels per day (bpd) by 2025. The discoveries since mid-2013 by Total, Shell and Eni in its pre-salt formations and those by its neighbours in the Gulf of Guinea have raised hopes that its offshore resources mirror those of Brazil,...
Interviews & Viewpoints | Serge Toulekima, CEO, Gabon Oil Company: Interview from The Report: Gabon 2015
How has the recent drop in oil prices affected Gabon, and how is the industry responding?
Articles & Analysis | Gabon hopes to increase hydrocarbons production through new discoveries from The Report: Gabon 2015
Oil remains the lifeblood of Gabon’s economy, representing half of state revenues and around 80% of its export earnings in 2014. The country benefits from relatively light, sweet crude from accessible onshore deposits, and has potential in deep offshore blocks. However, the absence of any major new oil discoveries, declining production at mature...