Boosting gas utilisation, cutting price
Amidst reports that domestic gas prices in the country are skyrocketing, it is an understatement, and a big shame to say that Nigeria’s huge gas resources are grossly under-utilised, notwithstanding that the country is potentially...
NLNG denies sabotaging domestic supply of cooking gas as price rises
The Nigeria LNG Limited has said it does not contribute to the supply shortfall of Liquefied Petroleum Gas, also known as cooking gas, and the hike in the price of the commodity in the country.
FG hopeful of improved earnings from floating LNG
The Federal Government has expressed optimism about improved earnings from its gas monetisation scheme, following the signing of the Pre-Front End Engineering Design (Pre-FEED) contract by the licensee to commence the development of 176 million cubic....
DPR deepens floating LNG production with new licence
Few years after the Floating Liquefied Natural Gas (FLNG) technology became feasible; the Department of Petroleum Resources (DPR), Monday, granted Nigeria’s first licence for the production
Nigeria leads regional LNG export with 27.6bcm amid uncertain outlook
Amid sharp decline in LNG utilisation rates in many parts of the world last year, gas exports from West African producers, especially Nigeria, showed some resilience in 2020, trading 27.6 billion cubic feet (bcm) of gas equivalent to the total 39 bcm traded by the region.
New Greenville LNG facilities to generate 10,000 jobs in Kano, says minister
Minister of State for Petroleum Resources, Chief Timipre Marlin Sylva, has said that two new liquefied natural gas (LNG) facilities would generate 10,000 job opportunities in Kano. Sylva disclosed this while unveiling two major liquefied natural gas plants, in Kano. The minister declared that the establishment of LNG plants in northern part of country, was…
Demand for natural gas to slow down till post-pandemic
The world’s consumption of natural gas is set to decline by four percent this year, but global demand will return to growth after the pandemic...
‘Developing LNG infrastructure key to industrialisation, energy transition’
For Nigeria and other African countries to minimize the effects of unstable oil prices and reduce dependence on oil, key investments must be geared towards developing Liquefied Natural Gas...
Petroleum sector risks $210 billion cost cuts
The upstream sector of the oil and gas industry could be hit harder in the current dilemma facing the industry as deeper cuts hovering around $210 billion is being considered in the sector.
‘Coronavirus may cripple gas, LNG demand by 14 billion cm’
Depending on the length of time required to contain the spread, the outbreak of novel Coronavirus (nCoV) in China will create gas demand reduction of between 14 billion cubic meters