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West Africa Oil & Gas Midstream Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Oil & Gas Midstream Companies in West Africa and the market is segmented by Type (Transportation, Storage, and LNG Terminals) and Geography (Nigeria, Ghana, and Rest of West Africa).

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West Africa Oil & Gas Midstream Market Size

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West Africa Oil and Gas Midstream Market - Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 1.54 %
Market Concentration High

Major Players

West Africa Oil and Gas Midstream Market

*Disclaimer: Major Players sorted in no particular order

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West Africa Oil & Gas Midstream Market Analysis

The market for the West Africa oil and gas midstream market is expected to register a CAGR of more than 1.54% during the forecast period of 2020-2025. Factors, such as increasing investment in the sector and increasing production and consumption of oil and gas, are expected to boost the demand for the West African oil and gas midstream market during the forecast period. However, political instability in countries is expected to impede growth in the region.

  • Increasing consumption in the region is expected to increase the growth in the sector with new pipelines and LNG Terminals being expected to be constructed over the forecast period.
  • Exploration and production of oil and gas fields in the region are expected to become an opportunity for the companies working in the oil and gas midstream industry as more pipeline and storage infrastructure may be required.
  • Nigeria, which produces most of oil and gas in the region, has relatively better midstream infrastructure than the other countries. Massive investment in the pipelines and LNG terminals are expected to increase the growth in the industry.

West Africa Oil & Gas Midstream Market Trends

This section covers the major market trends shaping the West Africa Oil & Gas Midstream Market according to our research experts:

Pipeline Sector to Witness Growth

  • The pipeline infrastructure in the region, except Nigeria, is scarce in quantity. Much lower relative to the population. It is expected that the oil and gas market could develop as the countries prosper.
  • The East-West Pipeline is a proposed natural gas pipeline, running from the Obiafu-Obrikom gas plant to the Oben node in Nigeria. The length of the pipeline is expected to be approximately 127 kilometers, with a capacity of 2,000 million cubic feet per day. The pipeline is expected to start by 2020.
  • Petroci Foxtrot Gas Pipeline is an existing natural gas pipeline, running from Foxtrot offshore platform to Abidjan, Cote d'Ivoire. The length of the pipeline is approximately 80 kilometers, with a capacity of 154 million cubic feet per day. The pipeline is one of the main pipelines in the region.
  • Consumption of oil in West Africa increased by 3.9%, from 30.9 million metric ton oil equivalent (mtoe), in 2017 to 32.1 mtoe, in 2018. The increase in consumption incentivizes the investors for the required increase in capacity and increases the investments in the future, thereby boosting growth in the industry.
  • Hence, pipeline capacity is expected to increase slightly during the forecast period due to an increase in the consumption of oil and gas and rising investment in the sector.
Oil Consumption-West Africa Oil and Gas Midstream Market

Nigeria Oil and Gas Midstream Sector to Witness Growth

  • The country has abundant supplies of gas but lacks the required infrastructure to move the feedstock to where it could be used. The investment into the midstream infrastructure is expected to reap beneficial outcomes during the forecast period.
  • The West African Gas pipeline is an operating pipeline that delivers gas from Nigeria's Niger Delta to West African nations, such as Benin, Togo, and Ghana. The length of the pipeline is approximately 677 kilometers (421 miles), with a capacity of 200 million cubic feet per day. The pipeline is one of the main pipelines in the region because it connects many countries together.
  • The oil production increased in the country, by 3.0%, from 95.5 million metric ton in 2017 to 98.4 million metric ton in 2018. An increase in oil production is expected to incentivize the investors to invest in the sector, thereby increasing the growth of the industry.
  • The Nigerian oil and gas midstream industry is expected to grow slightly over the forecast period due to the expected increase in the production and consumption of gas and an increase in the investment into the pipeline infrastructure of the country.
Oil Production

West Africa Oil & Gas Midstream Industry Overview

The West African oil and gas midstream market is consolidated. Some of the major companies include Nigerian National Petroleum Corporation, Royal Dutch Shell PLC, Eni SPA, Societe Nationale d'Operations Petrolieres de la Cote d'Ivoire (Petroci), and Chevron Corporation.

West Africa Oil & Gas Midstream Market Leaders

  1. Nigerian National Petroleum Corporation

  2. Royal Dutch Shell PLC

  3. Eni S.P.A.

  4. Chevron Corporation

  5. Societe Nationale d'Operations Petrolieres de la Cote d'Ivoire(Petroci)

*Disclaimer: Major Players sorted in no particular order

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West Africa Oil & Gas Midstream Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD million, until 2025

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

      2. 4.5.2 Restraint

    6. 4.6 Supply Chain Analysis

    7. 4.7 PESTLE ANALYSIS

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Transportation

        1. 5.1.1.1 Overview

          1. 5.1.1.1.1 Existing Infrastructure

          2. 5.1.1.1.2 Projects in Pipeline

          3. 5.1.1.1.3 Upcoming Projects

      2. 5.1.2 Storage

        1. 5.1.2.1 Overview

          1. 5.1.2.1.1 Existing Infrastructure

          2. 5.1.2.1.2 Projects in Pipeline

          3. 5.1.2.1.3 Upcoming Projects

      3. 5.1.3 LNG Terminals

        1. 5.1.3.1 Overview

          1. 5.1.3.1.1 Existing Infrastructure

          2. 5.1.3.1.2 Projects in Pipeline

          3. 5.1.3.1.3 Upcoming Projects

    2. 5.2 Geography

      1. 5.2.1 Nigeria

      2. 5.2.2 Ghana

      3. 5.2.3 Rest of West Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Nigerian National Petroleum Corporation

      2. 6.3.2 Royal Dutch Shell PLC

      3. 6.3.3 Eni SPA

      4. 6.3.4 Societe Nationale d'Operations Petrolieres de la Cote d'Ivoire (Petroci)

      5. 6.3.5 Chevron Corporation

    4. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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West Africa Oil & Gas Midstream Industry Segmentation

The West African oil and gas midstream market report includes:

Type
Transportation
Overview
Existing Infrastructure
Projects in Pipeline
Upcoming Projects
Storage
Overview
Existing Infrastructure
Projects in Pipeline
Upcoming Projects
LNG Terminals
Overview
Existing Infrastructure
Projects in Pipeline
Upcoming Projects
Geography
Nigeria
Ghana
Rest of West Africa
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West Africa Oil & Gas Midstream Market Research FAQs

The West Africa Oil and Gas Midstream Market is projected to register a CAGR of greater than 1.54% during the forecast period (2024-2029)

Nigerian National Petroleum Corporation, Royal Dutch Shell PLC, Eni S.P.A., Chevron Corporation and Societe Nationale d'Operations Petrolieres de la Cote d'Ivoire(Petroci) are the major companies operating in the West Africa Oil and Gas Midstream Market.

The report covers the West Africa Oil and Gas Midstream Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the West Africa Oil and Gas Midstream Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

West Africa Oil & Gas Midstream Industry Report

Statistics for the 2024 West Africa Oil & Gas Midstream market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. West Africa Oil & Gas Midstream analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

West Africa Oil & Gas Midstream Market Report Snapshots

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West Africa Oil & Gas Midstream Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)