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gasreport: Africa – West Africa



In this report we consider 16 countries across West Africa: from Senegal in the west to Cameroon and Gambia in the east, via notable markets such as Côte d’Ivoire, Ghana and – not least – Nigeria.

We value the market in this region at $300 million in 2016. In general, volumes remain relatively modest in this part of the world, so the high value of the business is largely attributable a price-heavy market. The single biggest driver for growth within the industrial gas sector going forward is the hydrocarbon economy growing up around the Gulf of Guinea – partly with a view to servicing oil & gas exploration and exploitation efforts, but also in order to leverage the region’s growing affluence that is likely to lead to rising demand for more consumer-led industrial gas applications. The challenge for governments will be to leverage the region’s mineral wealth (not just hydrocarbon-based, but also in terms of mineral and metal ores) in a manner that yields a sustainable rise in living standards for a meaningful part of the population in the future.

Published: 2022
Report Data: 2021

Each report contains a 10-year history and 5-year forecast of the respective gas markets.

  • Industrial gas supply structure
  • Companies operating within each country
  • Market structure in terms of demand for gases
  • Macro-economic influences and drivers
  • Future market forecasts
  • Investment potential

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