Acting Vice Chancellor, University of Nigeria, Nsukka, Prof Polycarp E. Chigbue, has hinted that the adoption of voluntary carbon market could lead to a revenue estimated at $2 billion globally in 2021. He also stated that Africa alone would get over $1.5 trillion from the market by 2050. Speaking during a stakeholders workshop on exploring…

The National Assembly has called for a thorough reassessment of Nigeria's Compressed Natural Gas (CNG) initiative following reports of vehicle explosions linked to uncertified conversions. The lawmakers urged the Federal Government to prioritise rigorous adaptability tests to ensure the technology is safe and suited to local conditions. During the 2025 budget defense session of the…

Chairperson of the Senate Committee on Local Content, Senator Natasha Akpoti-Uduaghan, has challenged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to enforce policies compelling International Oil Companies (IOCs) to prioritize local firms for project execution. At a high-profile meeting involving the Senate Committee on Appropriation, the Nigerian National Petroleum Corporation (NNPC), and the NUPRC, the…

The breakaway Moldova region of Transnistria could face a complete electricity blackout after Russia's decision to cut gas supplies pushed

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Wednesday denied claims that it directed wholesale gas suppliers to stop supplying gas to power-generating companies (GENCOs) over payment defaults. The agency, in a statement said the report is false and baseless, emphasising that no such directive was given. NMDPRA said the misinformation came from…

The Federal Government, through the Nigerian National Petroleum Company Limited (NNPCL), has signed an agreement to supply gas to the $3.3 billion Brass Fertilizer & Petrochemical Company Ltd, advancing plans for the construction of the methanol-manufacturing project. Speaking at the signing ceremony in Abuja, the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, described…

Nigeria is poised to witness a surge in gas demand, with an estimated yearly growth rate of 16.6 per cent.

Governor Abdullahi Sule of Nasarawa State has described Nigeria as more of a gas than a crude oil state. He spoke at the official commissioning of Greenville's Liquified Natural Gas/Compressed Natural Gas (LNG/CNG) station, which offers energy cost-reduction LNG and CNG fueling options to the public in Lafia, the state capital. The governor, who conducted…

Vice President Kashim Shettima disclosed on Friday that funding the nation's energy transition requires investments of over $10 billion per year up to 2060. He also revealed that the nation currently has the highest rate of deforestation in the world, as people primarily depend on biomass for energy generation. According to him, desert encroachment is…

A non-governmental organisation, Divine Era Development and Social Rights Initiative (DEDASRI), has accused the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) of frustrating its inquiry into the construction of a 500MT Liquefied Petroleum Gas (LPG) and Compressed Natural Gas (CNG) agreement in the federal capital, Abuja. The contracts were reportedly awarded in 2023. DEDASRI…

Multiple explosions were reported on Tuesday near a gas processing plant operated by Shell Petroleum Development Company of Nigeria (SPDC) at Gbarain, Yenagoa Local Government Area of Bayelsa. The News Agency of Nigeria (NAN) reports that the gas plant feeds the Nigerian Liquified Natural Gas (NLNG) export terminal on Bonny Island, Rivers. Speaking to NAN…

Axxela Limited has announced the recertification of its Integrated Management System (IMS) comprising ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 from the Standards Organisation of Nigeria (SON) for portfolio development of gas and power projects.