While Gasol Upstream, Gasol Gas
Infrastructure and Gasol Power's market focus is West Africa, Gasol
LNG Import is internationally oriented
Gas Constrained Countries Worldwilde
Gasol LNG Import is working to develop gas supply solutions
through the provision of regasified LNG in gas constrained nations
in Europe and Worldwide.
Gasol LNG Import targets island economies such as Malta and
markets where the predominant fuel source for power generation is
diesel, light crude oil or other liquids.
The West African Gas Market Opportunity
Nigeria has the ninth largest gas reserves in the
world,estimated at 182 trillion cubic feet, which represents the
significant majority of natural gas in the region. However,
approximately one third of Nigeria's gas production was flared in
2010 according to the Nigerian National Petroleum Corporation.
Gasol aims to commercialise stranded gas in Nigerian and other
countries along the Gulf of Guinea and supply the gas to power
plants and industrial users in the West Africa region that
currently operate on liquid based fuels.
West African demand for gas to power is growing. Total gas
demand across Ghana, Togo, Benin and Cote d'Ivoire is estimated to
be in excess of 750mmcfd.
Benefits of switching from liquid fuels to gas-fired
generation and LNG in West Africa and other gas constrained
New power plants are planned in these countries, bringing more
than 2,000MW of additional generation capacity, which are expected
to be "gas-ready". In addition, most power plants in the region
operate on liquid fuels and the cost of running power plants in
this way is substantially higher than the cost of running on
natural gas. The switch from liquid fuels to gas-fired generation
will, Gasol believes, occur not only because of lower fuel costs
for gas compared to liquid fuels, but also because:
- Turbines perform more efficiently on natural gas than liquid
fuels and have substantially reduced emissions (including
- Turbines require less maintenance when running on natural gas,
thereby lowering operational maintenance costs.
- Turbine availability increases when running on natural gas
thereby enabling more generation.