gas development opportunities in sub-saharan Africa

Despite market challenges and fluctuations, Chevron continues to see significant potential across sub-Saharan Africa (SSA). Energy Intelligence Finance recently highlighted Chevron’s strategy to transition output to gas in the region.

• Chevron is reshaping Angola’s value chain in pursuit of growth potential in the region.
• While many major players are exiting onshore and shallow offshore activities in Nigeria, Chevron remains committed to operating in the area.
• Chevron led the development of the West African Gas Pipeline (WAGP), a 700-kilometer pipeline that supplies gas to Benin, Togo and Ghana and helps to boost economic development in the region. The WAGP supplies approximately 170 million cubic feet per day of Nigerian gas to the region.
• The multi-country pipeline is the only one of its kind in SSA.

Chevron is working with partners in Africa to develop new projects, including:

• Angola LNG Limited, a 5.2-million-ton-per-year project that Chevron has an interest in.
• Project Panther, a joint venture between Chevron Nigeria and the Nigerian National Petroleum Company. Project Panther is a third-party-financed infill oil development project located in the NMA JV area with over $1.4 billion in total CAPEX spend. The project aims to deliver around 166 million barrels of oil and 97 million barrels of gas- equivalent by 2026.

Read a PDF of the full Energy Intelligence Finance article.