Africa Gas Initiative : Volume 6. Gabon
The Africa Gas Initiative (AGI) has been established by the Oil and Gas Division of the World Bank, to promote the utilization of natural gas in Sub-Saharan Africa. The study focuses on coastal countries - Angola, Cameroon, Congo, Cote d'Ivoir...
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| Format: | ESMAP Paper |
| Language: | English en_US |
| Published: |
Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2001/02/1346321/africa-gas-initiative-vol-6-6-gabon http://hdl.handle.net/10986/20308 |
| Summary: | The Africa Gas Initiative (AGI) has been
established by the Oil and Gas Division of the World Bank,
to promote the utilization of natural gas in Sub-Saharan
Africa. The study focuses on coastal countries - Angola,
Cameroon, Congo, Cote d'Ivoire, and Gabon - along the
West African coastline, and the Gulf of Guinea, where most
of the region's gas reserves are located, and where
significant proportions of the gas produced, is being wasted
through flaring, or venting. Thus, the study's goal is
to end gas flaring, by developing indigenous natural gas
resources for local markets, and export, achieving economic
benefits from gas substitution - through reduced imports, or
increased exports of oil products - and, by improving
environmental conditions at the local, and global levels.
Under the AGI, technical assistance with regard to
institutional, and regulatory framework was conducted in
Cameroon, and Cote d'Ivoire, and, additionally,
analysis of current petroleum fiscal legislation was
undertaken, to review the profitability of gas field
development from the investors' point of view. This
analysis enabled recommendations to respective governments,
to introduce required changes in their petroleum laws.
Recommendations further include incentives to develop
activities, particularly through rational price structures,
removal of subsidies as the landed cost of liquefied
petroleum gas (LPG) is progressively reduced, and fair
competitive procedures, govern market accessibility. |
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