Opportunities now exist, through the disintermediation/fragmentation of the LNG value chain, for independent gas companies like Gasol to compete in this sector. Our strategy is to identify and develop commercially attractive opportunities in the gas sector, with initial focus on liquefied natural gas (LNG) sourced from Africa’s Gulf of Guinea region.

Why LNG? Firstly, natural gas is the cleanest fuel, which in our increasingly environmentally-aware society is a key benefit. LNG is likely to remain the fastest growing hydrocarbon sub-segment beyond 2015. Given the depletion of US and European indigenous supplies, the challenge of building new pipeline infrastructure and the geographical distances, LNG is becoming increasingly attractive.  Demand is set to increase by over 8% per annum to 2020. Moreover, as the LNG market becomes increasingly global, there will be increased opportunities to benefit from arbitrage.

Why Africa? As traditional reserves of natural gas decline and the big consumer nations seek new, secure sources of supply, relatively underdeveloped African fields become increasingly valuable.

The robust commercial environment, together with improvements in technology, has allowed previously uneconomic gas finds to be aggregated and brought to market.

Gas reserves, West Africa:

The Gulf of Guinea, with over 200 trillion cubic feet of reserves, 80% of which are situated in Nigeria, is particularly well-situated geographically between the large US and European customers and the rapidly-growing Far East markets.

Why Gasol? We have the specialist skills and knowledge required to exploit the changing marketplace. Through our focus on gas aggregation in Africa, our strategic alliances and alignment with host governments, our innovative use of technology, and with our experienced board and management team with their African expertise and relationships, we are well-placed to develop a substantial gas business.