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Gas & Power

WOODSIDE, KOGAS SEAL SPA DEAL FOR LONG-TERM LNG SUPPLY

Woodside has signed a sale and purchase agreement (SPA) with Korea Gas Corporation (KOGAS) for the long-term supply of liquefied natural gas (LNG) to Korea. The SPA provides for the supply of approximately 0.5 million tonnes per annum of LNG for a period of 10.5 years on a delivered basis, commencing in 2026 subject to […]

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EIA Predicts Increase in U.S Natural Gas Consumption in First Quarter 2024

The U.S. Energy Information Administration (EIA) estimates that U.S. natural gas consumption reached a record high in January at 118 billion cubic feet per day (Bcf/d). A burst of cold weather increased demand for heating and reduced natural gas production, which led to high inventory withdrawals. According to its February Short-Term Energy Outlook (STEO), EIA […]

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Release By SCATEC Partners With IFC For Clean And Affordable Power To Africa

Release by Scatec (Release), has signed a USD 100 million loan agreement with the World Bank’s International Finance Corporation (IFC). The loan agreement is part of a larger partnership to provide a simpler, more affordable, and cleaner offering of power to African utilities, which also includes a USD 65 million guarantee facility to support the […]

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Africa Will Overtake Europe In Geothermal Capacity By 2030

Africa’s geothermal sector will attract at least $35 billion in investments by 2050, showing the critical role geothermal is set to play in meeting the continent’s rapidly growing energy demand. Rystad Energy’s latest projections reveal this significant investment will see Africa’s installed geothermal capacity surpass Europe by the end of the decade. Despite being home […]

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Axxela, NGML Commission Ibefun Natural Gas City Gate

Transit Gas Nigeria Limited (‘TGNL’), a subsidiary of Axxela in a joint venture partnership with NNPC Gas Marketing Limited (‘NGML’), has commissioned a 150 MMSCFD Natural Gas City Gate facility in Ibefun to supply natural gas to industrial and commercial clusters in Ogun State, and other surrounding neighbourhoods in Nigeria’s Southwest region. The newly developed […]

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Nigeria Power Supply Rallies As Geometric Set To Commission Power Plant

The Nigeria present power state is expected to add 188-Megawatt to its total power generation  through Geometric Power plant in the Osisioma Industrial Layout in Aba, Abia State scheduled to start electricity generation by September. Confirming this vital information as concerns the prevailing Nigerian poor power state is the Geometric Power group chairman, Professor Bart […]

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Nigeria Power Supply Rallies As Geometric Set To Commission Power Plant

The Nigeria present power state is expected to add 188-Megawatt to its total power generation  through Geometric Power plant in the Osisioma Industrial Layout in Aba, Abia State scheduled to start Electricity Generation by September. Confirming this vital information as concerns the prevailing Nigerian poor power state is the Geometric Power group chairman, Professor Bart […]

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Axxela, NGML Commission Ibefun Natural Gas City Gate

Transit Gas Nigeria Limited (‘TGNL’), a subsidiary of Axxela in a joint venture partnership with NNPC Gas Marketing Limited (‘NGML’), has commissioned a 150 MMSCFD Natural Gas City Gate facility in Ibefun to supply natural gas to industrial and commercial clusters in Ogun State, and other surrounding neighbourhoods in Nigeria’s Southwest region. The newly developed […]

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Nigeria Giant Stride On Power Reform And The New Electricity Bill Act

The Nigeria prevalent perennial power generation insufficient is now within the sight of being over. This is coming at heels of the present administration of President Bola Tinubu who recently assented to the long awaited electricity bill into law. The national electricity bill was passed in July 2022 by the country’s national assembly seeking to […]

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Savannah Energy Inks New Natural Gas Deals In Nigeria

Savannah Energy a 80% indirectly owned subsidiary company Accugas, a company that focuses on the marketing, processing, distribution and sale of gas to the domestic Nigerian market has sealed a new Natural Gas Sales and Purchase Agreement (NGSPA) with Amalgamated Oil Company Nigeria (AMOCON) for gas produced in the OML 156 sole risk petroleum lease […]

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