Equatorial Guinea Energy Market Report | Energy Market
This analysis includes a comprehensive Equatorial Guinea energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand
The landscape of import and export in Equatorial Guinea plays a vital role in the nation's economy, providing a conduit for goods and services that help shape both local markets and international relations.
Energy in Equatorial Guinea is an industry with plenty of potential, especially in the fields of oil and natural gas. 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.
Conversely, Equatorial Guinea exports crude oil, liquefied natural gas, and timber, among other commodities. This trade dynamic illustrates not only the dependence on specific products but also the broader implications for economic stability and growth.
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