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 |
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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.
