Equatorial Guinea is the world’s 31st-largest producer of natural gas and the country’s output increased by 10% in 2022, over 2021. The country accounts for 0.31% of global production, with the world’s other largest producers being the US, Russia and Iran. GlobalData uses proprietary data and analytics to provide a complete picture of the natural gas sector in Equatorial Guinea in its report, Oil and Gas Upstream Production and Capex Outlook by Projects (Crude and Condensate and Natural Gas), Fields (Active, Planned and Announced), Region, Key Countries, Companies and Forecast, 2023-2027. Buy the report here.
Over the five years to 2022, production from Equatorial Guinea decreased by a CAGR of 5% and is expected to drop by a CAGR of 16% between 2023 and 2027.
The largest producers of natural gas in Equatorial Guinea are Chevron, Marathon Oil and GEPetrol. Chevron was the largest producer of natural gas in 2022 with output up by 15% on 2021.
Marathon Oil was the second-largest producer, with output down by 5%, and GEPetrol was third with an increase of 38% on the previous year.
There are two natural gas producing fields in Equatorial Guinea, all located offshore. The Gulf of Guinea has the majority of the natural gas fields in the country with two.
For more detailed analysis of natural gas sector in Equatorial Guinea, buy the report here.