U.S. power-generating companies are announcing plans for the highest volume of new natural gas-fired capacity in years as the AI boom is driving demand for electricity.
Nigeria’s revenue share from Nigeria Liquefied Natural Gas (NLNG) Limited has plummeted by 43 percent due to persistent gas supply challenges, leaving several industry experts increasingly worried about the mounting headwinds plaguing the country’s economic lifeblood: the oil and gas sector.
Regulation (EU) 2024/1787 of the European Parliament and of the Council of 13 June 2024 on the reduction of methane emissions in the energy sector1 (the Regulation) was published in the Official Journal of the European Union on 15 July 2024 and comes into force on 4 August 2024.
The Ghana National Gas Company Limited (Ghana Gas) has announced plans to shut down its Gas Processing Plant (GPP) and offshore Gas Export Facilities for maintenance works.
The signing of a memorandum of understanding (MoU) last week between Russian state gas giant Gazprom and the Iranian National Gas Company (NIGC) to begin direct transfers of gas from Russia to Iran “will act as a revolution in the energy and industry scene of the region”, according to Iran’s Petroleum Minister, Javad Owji. Indeed, this MoU and the others that preceded it can be seen as a major stepping stone to enabling the two countries to implement their long-held plan to be the core participants in a global cartel for gas suppliers in the same mold as the Organization of the Petroleum Exporting Countries (OPEC) for oil suppliers.
The Public Interest and Accountability Committee (PIAC) 2023 report sheds light on the persistent issue of gas flaring in Ghana’s oil and gas industry. Despite efforts to reduce flaring, the report reveals that Ghana continues to waste significant amounts of associated gas, posing environmental and economic concerns.
The Ivorian government – through the Ministry of Mines, Petroleum and Energy, electric utility CI-Energies and National Oil Company Petroci – has signed a contract with global oil and gas major Eni for the supply of natural gas sourced from blocks CI-101 and CI-802 in the Baleine field.
Major consuming nations are using more natural gas while production in 2022 remained flat compared to 2021 levels.