in oil output from offshore Africa has begun, mainly from the deep
waters off West Africa with output due to peak in 2013/2014.
On and offshore gas production is also increasing as new markets are
identified out of North Africa, as LNG plants are planned in West
Africa, and as flaring is phased out.
consumption is growing due to the availability of low-priced gasoline in
the developing exporters but consumption will begin to decline within a
decade. Gas consumption is also increasing rapidly as more indigenous
gas is produced and marketed.
Oil exports will grow through to 2013 before dropping as production
growth stalls, whilst mounting volumes of gas will be moved by long
distance pipeline and as LNG to Europe from North Africa and as LNG from