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Thursday, November 26, 2020

Nigeria imports 71% of LPG consumed in one month – PPPRA

By Michael Eboh Despite abundance of gas in Nigeria, 71.35 per cent of the Liquefied Petroleum Gas, LPG, also known as cooking gas, consumed in the country in the month of August 2020 were imported, according to data obtained from the Petroleum Products Pricing Regulatory...

Why Natural Gas Prices Are Set To Soar Next Week

A significant cooldown has arrived, with the jet stream from Canada plunging this weekend, which will allow the eastern United States to experience its first taste of fall for much of next week. The ten-day outlook in terms of the thermal aspect shows a cold...

Corrected: FG committed to elimination of gas flaring by 2021, says Sylva

By Solomon Asowata Lagos, Sept. 24, 2020 Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Federal Government is committed to ensuring the elimination of gas flaring from Nigeria’s oil and gas fields by 2021. Sylva said that the move had the potential for...

European Commission proposes cutting emissions by 55% by 2030

Brussels, Sept. 16, 2020 (Xinhua/Naija247news) European Commission President Ursula von der Leyen said on Wednesday that the executive arm of the EU was proposing to cut emissions by 55 per cent from 1990 levels by 2030, in response to the climate emergency. The new target,...

Compressed Natural Gas: Expert tasks FG on adequate preparation

By Edith Ike-Eboh Abuja, Sept. 15, 2020 Prof. Wumi Iledare, a Professor of Petroleum Economics, on Tuesday urged the Federal Government to ensure adequate preparation before the introduction of the use of Compressed Natural Gas (CNG) in the country. Iledare, a former President, Nigerian Association...

Work starts on world’s 1st large containership LNG conversion

China’s Huarun Dadong yard has started retrofitting Hapag-Lloyd’s ultra-large containership Sajir to use LNG as fuel, in a move claimed to be the world’s first such conversion. The 15,000 TEU vessel arrived at the Shanghai yard on August 31 for the retrofit works including the...

Despite commercialization initiative, Nigeria wastes 91 billion scf of gas to flaring in 5 months

*Shell gas flare at Kolo Creek – surrounded by agricultural fields. Lagos — Despite the federal government gas commercialisation initiative targeted at eradicating gas flaring by 2020, statistics showed that approximately 91 billion standard cubit feet, scf of gas was still lost to the menace...

Consumers in Borno, Bauchi, Adamawa state spent more in 12.5kg cooking gas…

The National Bureau of Statistics (NBS) said that the average cost for the refilling of a 12.5kg cylinder cooking gas decreased to N4,126.82 in July from N4,139.18 in June. The NBS made the disclosure in its “Liquefied Petroleum Gas (Cooking Gas) Price Watch’’ for June...

NPDC targets 500,000 LPG production volume daily — Kyari

By Nefishetu Yakubu Benin, Aug. 19, 2020 The Nigerian Petroleum Development Company (NPDC), on Wednesday said it was targeting the production of 500,000 metric tons of Liquefied Petroleum Gas (LPG), volume per day to contain the importation of LPG into the country. Group Managing Director...

Global jet fuel demand to plunge by 39% in 2020 as outlook worsens: IEA

Demand to average 4.8 mil b/d this year Slow recovery on fears of second coronavirus wave London — Jet fuel demand will plunge by 39% or 3.1 million b/d this year as the recovery has been "weaker than anticipated with flight schedules still well below normal...
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