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Bunker fuel to double global LNG demand by 2030
Demand for liquefied natural gas as a marine fuel will at least double by 2030 as abundant supply and rising emissions regulations spur orders for ships that can run on it, according to industry executives quoted in a Reuters’ report…
U.S. consolidates LNG exports with 9.3 MMTPA in August
The United States which used to be export destination for energy commodities from Africa and Middle East is now relentless with pushing its way into export leadership, pumping oil and natural gas into the export market with increasing capacity. Currently…
Rising LNG demand forecast comes with oversupply risks _Woodmac
Sopuruchi Onwuka Global demand for cleaner energy and the recognition of natural gas as clean fossil fuel continue to present strong commercial incentives for greater investments in gas liquefaction; but experts point at looming danger of oversupply and consequent pull…
Russia- China gas pipeline deal poses no immediate threat to Nigeria
Sopuruchi Onwuka The rising concern about the possible impact of the new deal between President Vladimir Putin and President Xi Jinping to develop a direct pipeline for shipping cheap Russian gas to China might not be totally unfounded; but it…
LNG capacity race projects 748 mtpa by 2030, triggers supply chain bustle
NLNG Train-7, Mozambique LNG lead Africa’s capacity growth US emerges global oil and gas export champion Sopuruchi Onwuka Total global liquefied natural gas (LNG) capacity will hit significant 748 million tons per annum (mtpa) by 2030, driven by significant 253.6…
US consolidates lead in LNG export
Exports of liquefied natural gas (LNG) by the United States jumped to 9.1 million tons (mt) in July, its third highest on record after more plants retuned online at conclusion of maintenance. Data from LSEG showed that the US has…
NNPC to build 3 LNG stations, 100 CNG sites __Kyari
Sopuruchi Onwuka The Group Chief Executive Officer of NNPC Limited Mallam Mele Kyari has declared that the drive to bring Compressed Natural Gas (CNG) closer to Nigerians has since commenced and is irreversible. Kyari, who disclosed this on Thursday during…
US licensing impasse sends panic shockwaves in LNG market
Sopuruchi Onwuka The challenges faced by natural gas liquefaction and export promoters in the United States of America is set to unsettle and reorder the pattern flow to the export market as key importers begin to shop medium to long…
Partners take FID on Mozambique LNG in 2024
Italy’s Eni SpA hopes to reach a final investment decision on its second floating liquefied natural gas (LNG) project in Mozambique by the end of June next year, two sources directly involved with the project said on Tuesday. Its first…
Nigeria becomes global LNG market laggard
Sopuruchi Onwuka Global supply of liquefied natural gas or LNG jumped by significant 5.0 percent in 2022 as increased flow of supply manly from the United States and Middle East shifted from China to Europe where pipeline gas from Russian…
