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Tags: Natural Gas

Africa’s gas reserves hit 614trn cubic feet

Africa’s gas reserves hit 614trn cubic feet

Africa’s huge gas reserves currently stood at about 614 trillion cubic feet, even as Nigeria had the continent’s largest reserves with 199 trillion cubic feet , Algeria (159 trillion cubic feet) and Mozambique (100 trillion cubic feet) occupying the second and third positions respectively, the Group Managing Director of the Nigerian National Petroleum Corporation, Dr.Maikanti… READ MORE

Global Gas Demand to Grow by 10 Percent to 2030

Global Gas Demand to Grow by 10 Percent to 2030

Global demand for gas will grow by around 10 percent towards 2030. That’s what Equinor expects, according to a statement posted on its website on Thursday, which revealed that the company sees “strong market opportunities for gas”. In an energy scenario consistent with the two-degree climate target, global gas demand would only be “slightly lower”… READ MORE

Nigeria targeting 10% global LNG market share – NNPC GMD

Nigeria targeting 10% global LNG market share – NNPC GMD

As part of its strategic aspirations to drive maximum value from Nigeria’s abundant , the Group Managing Director of Nigerian National Petroleum Corporation, Dr. Mailkanti Kacalla Baru, has said the Federal Government was targeting 10 percent of the world’s market share in traded Liquefied National Gas (LNG). Baru, who stated this at NNPC Special Day… READ MORE

Propane production consistently exceeding 2 million bpd

Propane production consistently exceeding 2 million bpd

Throughout the summer, we monitor inventory builds very carefully and provide data and analysis in our daily reports. By this time of year, we usually start monitoring heating degree-days and only report on the inventory data when the Weekly Petroleum Status Report from the Energy Information Administration is released. We typically make the switch when… READ MORE