Energy in Equatorial Guinea
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Energy in Equatorial Guinea is an industry with plenty of potential, especially in the fields of oil and
natural gas Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbo ...
. However, production has been declining in recent years due to under-investment and lack of new discoveries. In 2022, the country produced less than 100,000 barrels of oil per day (bopd) according to OPEC data. Electricity consumption in Equatorial Guinea in 2015 was 36 kilotonnes of oil equivalent (ktoe). The country produces all of the energy it consumes. As of 2012, renewable energy accounted for 29.2% of the final
energy mix The energy mix is a group of different primary energy sources from which secondary energy for direct use - such as electricity - is produced. Energy mix refers to all direct uses of energy, such as transportation and housing, and should not be c ...
. Most of its renewable energy comes from hydropower plants. In October 2012 the Djibloho Dam was inaugurated, which added 120 MW to the national generating capacity. The total installed generating capacity in 2014 was an estimated 200 MW; electricity production in 2014 was estimated at 98 Mio. kWh. Electricity is provided by the national electricity company SEGESA. The national oil company is GEPetrol. Natural gas is exported as liquefied natural gas (LNG) produced by
EG LNG EG LNG (also known as Punta Europa LNG) is a liquefied natural gas (LNG) company that operates an LNG terminal and plant at Malabo, the capital city of Equatorial Guinea located on Bioko Island. The LNG plant began operation in 2007 and the firs ...
but also transformed into cooking gas, or LPG, and methanol by
Marathon Oil Marathon Oil Corporation is an American company engaged in hydrocarbon exploration incorporated in Ohio and headquartered in the Marathon Oil Tower in Houston, Texas. A direct descendant of Standard Oil, it also runs international gas operations ...
Corporation. The national gas company is
Sonagas Sonagas (''Sociedad Nacional de Gas de Guinea Ecuatorial'') is the Equatorial Guinean national natural gas company. It was formed in 2005. It operates in conjunction with GEPetrol, the nation's principal petroleum company, and EG LNG, the nati ...
.


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