Why is energy in Equatorial Guinea declining?

Energy in Equatorial Guinea is an industry with plenty of potential, especially in the fields of oil and natural gas. However, production has been declining in recent years due to under-investment and lack of new discoveries. In 2022, the country produced less than 100,000 barrels of oil per day (bopd) according to OPEC data.

How much oil does Equatorial Guinea produce a day?

In 2022, the country produced less than 100,000 barrels of oil per day (bopd) according to OPEC data. Electricity consumption in Equatorial Guinea in 2015 was 36 kilotonnes of oil equivalent (ktoe). The country produces all of the energy it consumes.

How much energy does Equatorial Guinea use?

Electricity consumption in Equatorial Guinea in 2015 was 36 kilotonnes of oil equivalent (ktoe). The country produces all of the energy it consumes. As of 2012, renewable energy accounted for 29.2% of the final energy mix.

How does a salt cavern store gas?

Salt cavern storage depends entirely on the low permeability of salt rock to ensure its tightness, while gas storage in hard rock caverns requires an extra impermeable layer [70, 71], and a water curtain system is often used to store oil .

What is the energy scale of hydrogen storage in salt caverns?

The energy scale of hydrogen storage in salt caverns is much larger than that of gas storage in salt caverns. Meanwhile, the volume energy density of hydrogen is only 36% of that of natural gas under the same pressure. Using the same energy storage scale, the volume required for hydrogen storage in salt caverns is 2.77 times that for natural gas.

Which countries use salt caverns to store gas?

In 1971, Germany used the salt cavern of the Honigsee salt dome near Kiel to store gas, with cavern depths between 1,307 m and 1,335 m . In 2007, Jintan City, Jiangsu Province, China began to store gas by using six abandoned salt caverns.