Gabon Energy

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In a global environment of low oil prices, the Emerging Gabon Strategic Plan (Plan Stratégique Gabon Emergent, PSGE) has sought to diversify the economy away from hydrocarbons since 2010. As such, over recent years the Gabonese government has increased development of the hydropower sector, as well as expanding the country’s large natural gas...

An oil-rich equatorial country in West Africa, Gabon’s abundant natural resources have given it one of the highest per capita incomes on the continent, though lower oil revenues has seen growth contract in recent years.

Après une absence de plus de vingt ans, le Gabon a rejoint l’Organisation des pays exportateurs de pétrole (OPEP) début juillet.

Si le secteur des hydrocarbures constitue toujours la majorité des recettes d’exportation du Gabon et reste l’un des moteurs de l’économie du pays, la stagnation de la production a suscité des efforts destinés à encourager de nouvelles campagnes d’exploration, qui commencent déjà à porter leurs fruits.

How have lower oil prices impacted exploration?

The government has fixed targets of providing electricity for 85% of rural areas by 2025 and achieving universal access to electricity for its population of around 1.7m by 2035. The objectives were set out in the Policy Letter for Universal Access for Basic Services in Rural Areas, which was approved by the Council of Ministers in September 2014...

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