The Africa Gas Initiative (AGI) has beenestablished by the Oil and Gas Division of the World Bank,to promote the utilization of natural gas in Sub-SaharanAfrica. The study focuses on coastal countries - Angola,Cameroon, Congo, Cote d'Ivoire, and Gabon - along theWest African coastline, and the Gulf of Guinea, where mostof the region's gas reserves are located, and wheresignificant proportions of the gas produced, is being wastedthrough flaring, or venting. Thus, the study's goal isto end gas flaring, by developing indigenous natural gasresources for local markets, and export, achieving economicbenefits from gas substitution - through reduced imports, orincreased exports of oil products - and, by improvingenvironmental conditions at the local, and global levels.Under the AGI, technical assistance with regard toinstitutional, and regulatory framework was conducted inCameroon, and Cote d'Ivoire, and, additionally,analysis of current petroleum fiscal legislation wasundertaken, to review the profitability of gas fielddevelopment from the investors' point of view. Thisanalysis enabled recommendations to respective governments,to introduce required changes in their petroleum laws.Recommendations further include incentives to developactivities, particularly through rational price structures,removal of subsidies as the landed cost of liquefiedpetroleum gas (LPG) is progressively reduced, and faircompetitive procedures, govern market accessibility.
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