“East African oil & gas market to register capital expenditure of $3.66bn in 2014”

LONDON - Aug. 29, 2014 - PRLog -- Visiongain’s new report the East African Oil & Gas Market 2014-2024: Upstream & Midstream Spending in Tanzania, Mozambique, Kenya, Uganda, Ethiopia, South Sudan & Somalia indicates that the East African oil and gas market will see capex of $3.66bn in 2014, including spending on both upstream exploration & development (E&D) and midstream infrastructure.

East Africa is fast becoming one of the world’s most interesting oil and gas hotspots. For many years the area was neglected by the world’s oil and gas industry, and even in Africa it was overshadowed by the rapid development in West Africa and the established markets in North Africa. However, with the discovery of both oil and gas reserves in the region over the past five years, opportunities are being created within a number of East African nations.

The lead analyst of the report commented that, “With global demand for oil and gas continuing its ineluctable rise and large conventional finds something of a rarity, it is perhaps unsurprising that East Africa is capturing the attention of many in the industry. Mozambique and Tanzania’s substantial offshore gas reserves and proximity to Asian demand centres offer the potential for LNG export by the end of the decade, while Uganda and Kenya present opportunities for commercial oil production even sooner.”

The market has been broken down into two main submarkets: upstream exploration & development capex and midstream infrastructure capex. Ten-year forecasts and analysis are provided for both, along with forecasts and analysis for the 7 nations that make up the East African region: Tanzania, Mozambique, Uganda, Kenya, Ethiopia, South Sudan and Somalia (including Somaliland and Puntland). The report also contains profiles of the leading 11 companies in the market, details on all oil & gas blocks in the region and analysis of the costs and timings of major projects.

The 183 page East African Oil & Gas Market 2014-2024: Upstream & Midstream Spending in Tanzania, Mozambique, Kenya, Uganda, Ethiopia, South Sudan & Somalia report will be of value to anyone who wants to better understand the region and its dynamics. It will be useful for businesses already involved in the East African oil & gas market, or for those wishing to enter this growing region in the future.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

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