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Gabon energy report


HIGHLIGHTS IN GABON The Gabonese Government is trying to speed up exploration and to diversify operators by proposing more flexible contracts. The 10th oil licensing round will be launched in June 2010: it will offer deep-water blocks with pre-salt potential off the north and south of Gabon’s coast. Africa’s total energy production slightly fell by around 2%. Again hydrocarbons producing countries of which Algeria and Nigeria were more largely impacted. WHAT YOU WILL FIND IN THIS REPORT The Gabon energy market report is a reliable source for understanding the key issues and dynamics shaping the Gabonese energy industry. With timely, up-to-date energy industry data and demand forecasts, this report will help you identify and exploit challenges and opportunities in the Gabonese energy sector. The report details the sub-sectors of the energy industry (Crude Oil, refined oil products, Natural Gas, Coal, Electricity and Renewable) in Gabon. In this report you will find: -Multi-energy approach: oil, oil products, gas & LNG, power, coal, renewable -Recent energy and climate change policy development, and an assessment of its impact -Key companies operating in each sub-segment of the Gabonese energy industry, and assessment of the competitive landscape. -Up-to-date insight on market structures, regulatory developments, and asset developments -Market dynamics and trends, detailed by energy and by sector -Analysis supported by a large number of time series on production, consumption, imports, exports and reserves for each industry sub-segment -Projects under development in the country, including power plants, refineries, LNG terminals, gas pipelines -Analysis of the likely evolution of the market and key industry drivers MAIN REASONS TO BUY THIS REPORT -Obtain up-to-date, insightful and standardised information by country -Identify key companies activities and strategy in the Gabonese market -Have a logical framework to monitor market d

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									Gabon energy report

Latest update: November 2009

Table of Contents

LIST OF GRAPHS & TABLES                                           2

INSTITUTIONS AND ENERGY POLICY                                    3

ENERGY COMPANIES                                                  3

ENERGY SUPPLY                                                     4

ENERGY PRICES                                                     5

ENERGY CONSUMPTION                                                5

ISSUES AND PROSPECTS                                              5

GRAPHS & DATA TABLES                                              7

Gabon Energy Report – Copyright© Enerdata – All rights reserved       1

List of Graphs

Graph 1: Installed Electric Capacity by Source (2008, %)
Graph 2: Power Generation by Source (2008, %)
Graph 3: Consumption trends by Energy Source (Mtoe)
Graph 4: Total Consumption Market Share by Energy Source (2008, %)
Graph 5: Final Consumption Market Share by Sector (2008, %)
Graph 6: Primary Consumption since 1970

List of Tables

Table 1: Economic indicators
              Population, GDP growth
              Imports & exports
              Inflation rate, exchange rate

Table 2: Supply indicators
              Oil & Gas proven reserves
              Electric & refining capacity detailed by source
              Production by energy source
              Power production by source
              External trade by energy source

Table 3: Demand indicators
              Consumption / inhabitant
              Consumption trends
              Total consumption by energy source
              Final consumption by energy source and by sector
              Electricity consumption by sector
              Energy security indicators
              Energy efficiency indicators
              CO2 emissions

Table 4: Energy Balance
              Total energy balance
              Detailed energy balance by energy source

Gabon Energy Report – Copyright© Enerdata – All rights reserved      2
INSTITUTIONS AND ENERGY                                           (SEEG), has been controlled, through a 51%
                                                                  stake, by Veolia (ex Vivendi) in partnership
POLICY                                                            with the Irish electricity company (ESBI); the
                                                                  remaining 49% is at the disposal of the
The Ministry of Mines, Petroleum and                              public      and        of     the    employees.         Until    its
Hydrocarbons and the Ministry of Energy                           privatisation in 1996, SEEG was a semi-public
and     Hydraulic       Resources         share     the           company           (State            64%).        Initially,     the
responsibility for the energy sector.                             management of the company was handed
                                                                  over to a foreign consortium (EDF, Hydro
Oil                                                               Quebec and Lyonnaise des Eaux). SEEG has
The    country’s      economic      development      is           financial problems; in 2007 it recorded a
closely linked to its oil revenues. Oil exports                   deficit of FCFA 6bn (US$12.5m), mainly due
make up nearly 80% of total exports and, in                       to the investments carried out to stop the
spite of the fall in production, oil accounts for                 frequent      power              outages.       SEEG    and     the
more than 50%, on average, of budget                              Government                  disagree        about       who       is
revenues and GDP. Accordingly, the country’s                      responsible for the investments required to
priority is to increase those revenues by                         ensure a sustainable electricity system; SEEG
increasing its oil production.                                    considers         it        to     be     the     Government’s
                                                                  responsibility and the Government considers
The law governing oil contracts and taxation                      it to be SEEG’s responsibility.
was    promulgated        in      2000.   Exploration
contracts signed before 1997 (that is to say,                     Oil
90% of the production) are subject to a                           International companies are omnipresent in
taxation that includes royalties of between                       the oil sector and around thirty are involved
10-20% and a tax of 73% on profit from oil.                       in    oil    exploration.               Two      companies        in
The contracts that have been signed since                         particular dominate the oil exploration and
then are production sharing contracts, and                        production         sectors:             Total-Gabon           (State
are subject to royalties of between 10-20%,                       25%, Total 58.25%) largely dominates the oil
the balance being distributed between the                         production with 42% of the total, followed by
«oil   cost»,   for    the     amortisation    of   the           Shell       Gabon                (21%),       Perinco         (16%)
expenditure of the companies, and a tax («oil                     (purchase of ENI assets), Marathon Oil (14%)
profit »).                                                        and Vaalco (8%). They control ¾ of the
                                                                  reserves and 90% of the production. Shell
Gas                                                               Gabon operates the country’s largest oil field
The     Government           is    considering      the           (Rabi Kounga) through a consortium made up
development of natural gas resources and                          of Total-Gabon (25.5%), Total (15%) and
the introduction of a regulation for their                        other parties (15%). In 1998, the South-
exploitation.                                                     African      company                Engen,        through        its
                                                                  subsidiary company Energy Africa, entered a
Electricity                                                       joint venture, Energy Africa Gabon, with the
The production of electricity is open to                          State (25%) and holds many exploration
competition.                                                      licences.

                                                                  The refinery of Port-Gentil is operated by a
ENERGY COMPANIES                                                  private company, Sogara (Société Gabonaise
                                                                  de Raffinage), 25% of which is held by the
Electricity                                                       State, 66% by a consortium of oil companies
Since 1997 the national electricity company,                      led by Total, and 9% by private investors.
Société d’Energie et d’Eau du Gabon

Gabon Energy Report – Copyright© Enerdata – All rights reserved                                                                     3
ENERGY SUPPLY                                                     Libreville       (60%      of    the       consumption).        It
                                                                  consists of 3300 km of lines.

Gabon      is   well     endowed       with     energy
                                                                  Oil production decreased by 40% between
resources.      Proven      gas     reserves      were
                                                                  1998 and 2002, from 18.5 Mt to 11.3 t; since
increased in 1996, reaching 30 Gm3 (2008).
                                                                  then it has decreased only slightly, down to
Oil reserves decreased from 340 Mt to 270
                                                                  10.6 Mt in 2008. It increased rapidly until
Mt in 2006. The hydroelectric potential is
                                                                  1976 (11 Mt), then fell over a period of about
amongst the highest of the African continent:
                                                                  ten years (7.7 Mt in 1987) and increased
80 TWh, including 32 TWh regarded as
                                                                  again until 1998 thanks to the disc
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