The International Energy Agency (IEA) has said that between now and 2030, Nigeria needs up to $1.5 billion to reduce methane emissions in oil and gas operations.
Greenville LNG has announced the successful installation of an LNG tank and other equipment at the Maiduguri Emergency Power Plant (MEPP) in Borno state.
Global trade of liquefied natural gas (LNG) reached a record high of 51.7 billion cubic feet per day (Bcf/d) in 2022, a 5% increase from the previous year.
Nigeria's natural gas production and LNG export are declining as of 2022 data as highlighted by the June 2023 Statistical Review of World Energy report by the Energy Institute.
Nigeria can reflate its economy after the oil production quota cap at 1.38 million barrels per day, an analyst suggests various measures that could be taken.
Nigeria will make more money by selling Nigeria Liquefied Natural Gas (NLNG) Limited's spare LNG volumes
The suspension follows an escalation of violence in the area, which includes jihadist attack by Islamic State-linked militants.
The gas firm has been able to sell the excess supply at a discount in the spot market.
Nigeria, Egypt, Mozambique and one other African country, are expected to attract nearly $103 billion investments from Liquefied Natural Gas (LNG) projects this year (2019).
