Equatorial Guinea Oil and Gas Midstream Market Trends 2020 | Global Size, Share, Drivers, Competitors Strategy, Regional Analysis and Growth by Forecast to 2025

The Equatorial Guinea Oil and Gas Midstream Market Research Report Forecast 2020 - 2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The report also takes into account the impact of the novel COVID-19 pandemic on the Equatorial Guinea Oil and Gas Midstream market and offers a clear assessment of the projected market fluctuations during the forecast period. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

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.

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Top Key Players in the Equatorial Guinea Oil and Gas Midstream Market: Saipem SPA, Maritime Developments Ltd, Sociedad Nacional de GE, Equatorial Guinea of Petroleum, and Marathon Oil Company

Key Market Trends

Pipeline Sector to Witness Growth

- Production of gas in Equatorial Guinea increased significantly by 5.73%, year-on-year, from 6200 million cubic meters, in 2015 to 7750 million cubic meters, in 2018.
- In 2019, the Ministry of Mines and Hydrocarbons in Equatorial Guinea approved a 100 million USD offshore gas pipelay award to Saipem. The 70-km, 950 million standard cubic feet per day (mmscfd) capacity pipeline will take gas from the Noble Energy-operated offshore Alen field to the onshore Punto Europa LNG complex at Bioko Island.
- The Bioko terminal is proposed to include 22 storage tanks with a total capacity of 1.2 million cubic meters. A deal with Saudi Arabian companies did not go through in 2018, but the government is looking for other investors for the project.
- Hence, pipeline capacity is expected to increase slightly during the forecast period due to an increase in the production of natural gas.

Decreasing Oil Production to Restrain the Market

- Consumption of natural gas decreased in the region, by 5.2%, year-on-year, from 5,200 barrels per day (BPD), in 2016 to 4,916 BPD, in 2019. Decreasing economic activity in the country is one of the major reasons for the steep decline.
- The oil production declined in the country, by 7.91%, year-on-year, from 12.1 million metric tons, in 2015 to 8.7 million metric tons, in 2018. Decreasing production of oil in the country, which is also its main exporting commodity, caused fiscal restriction on the government of Equatorial Guinea.
- The Zafiro field, operated by ExxonMobil, remains the country's largest source of oil output and export. However, average production declined to around 90,000 barrels per day (BPD) in 2019 from a peak of 280,000 BPD in 2004.
- However, the Equatorial Guinea oil and gas midstream industry is expected to grow slightly during the forecast period due to the expected increase in production as new fields are further produced.

Regional Analysis for Market:

For a comprehensive understanding of market dynamics, the Equatorial Guinea Oil and Gas Midstream market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India, and others. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the market.

This Equatorial Guinea Oil and Gas Midstream Market statistical surveying report underline the leading merchants in this market everywhere throughout the world. This sector of the report includes market depictions, requirements, and product portrayals, manufacture, competence, contact figures, cost, and revenue. In a comparable way, automated gathering, upstream raw materials, and downstream demand studies are administered.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Equatorial Guinea Oil and Gas Midstream Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Equatorial Guinea Oil and Gas Midstream Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and Market development rate, and figure and so on. This report additionally Present a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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