Cameroon+Natural+Gas

=China Unlikely To Invest Heavily In Natural Gas Sector In Cameroon In The Next Five Years=

Executive Summary:
Chinese Companies are unlikely to invest heavily in the natural gas sector in Cameroon in the next five years. Cameroon has had zero exports of natural gas in the past but has potential for exports in the future. Recently, Cameroon has an estimated 3.9 trillion cubic feet of natural gas reserves located in the Rio Del Rey, Douala and Kribi-Campo basins, but have yet to be utilized. The new discoveries of large deposits of natural gas in southern Sub-Saharan Africa has made Cameroon's natural gas opportunity not a priority for Chinese investment.

Discussion:
According to //Oil & Gas Journal//, Cameroon has an estimated natural gas reserve of 3.9 trillion cubic feet located in the Rio del Rey, Douala, and Kribi-Campo basins, but have not been utilized. The U.S. Energy Information Administration reports that Cameroon has 4.77 billion cubic feet of proven natural gas reserves. Addax, a subsidiary of China's Sinopec, announced a discovery of new oil and gas resources in the Iroko blocks of Rio del Rey. No further information has been provided about natural gas exploration in Cameroon by China. Business Monitor International reports that Cameroon's natural gas sector will rise immensely in the years to come.



** Analytic Confidence: **
Analytic confidence is medium. Source reliability ranges from medium to high. There is no conflict between sources. The analyst had low expertise on the subject, worked alone while also collaborating with a group, and did not use a structured analytic method. The subject is moderately complex and the deadline was moderately easy to meet.
 * Analyst:** RoseAnna Wright