FGE’s North Africa Gas Annual Report (NAGAR) provides detailed coverage and analysis of the gas markets in Algeria, Egypt, Libya, Morocco, and Tunisia. It follows the same format that many clients have enjoyed in the Middle East Gas Annual Report (MEGAR) and originated from our industry standard Asia Pacific Natural Gas Databook.
Overall, FGE’s North African expansion is part of our efforts to grow globally, but only in areas where we are certain we can provide the same level of quality analysis that our products have come to represent. The expansion into North African gas was born out of internal monitoring of the region over the last decade.
The Middle East and North Africa gas market continues to change and forecasting future consumption remains challenging. To forecast gas consumption in this dynamic region, we have adopted a two-pronged approach. In the relatively more mature markets, we focused on the demand side, using well-established techniques for projecting future demand and then accounting for possible fuel switching. In the developing markets, we have focused on the supply side, evaluating planned and potential projects when forecasting consumption. In this case, our regional contacts and clients have played a vital role in providing feedback as to the viability of future plans.
It is important to note that the methodology applied varies across countries, sectors, and time. For example, in the near term, a nation may face a supply constraint due to problems in gas production or delays in pipeline construction. Over time, as infrastructure and production develops, the focus may shift to the demand side in forecasting future consumption.
We strive to provide our clients with well thought out outlooks utilizing the key drivers and methods that drive both the near-term and long-term horizons.