Category archives for gas

Demand for LNG ships will hit record levels in 2021 Reflects ship owners’ awareness of its environmental and climate benefits

  • 24 January, 2022
  • 5:28 pm EET

2021 saw significant growth in demand for LNG-powered vessels on the high seas. More than 10 operators announced multiple orders for vessels throughout the year; This reflects the awareness of shipowners and operators of the environmental and climate benefits of…

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Nigeria.. Families face high prices for cooking gas using wood and coal Amid a decrease in imports due to the imposition of taxes

  • 24 November, 2021
  • 5:27 pm EET

The citizens of Nigeria recently woke up to a crazy rise in the prices of liquefied petroleum gas, or “cooking gas,” which prompted most families to use firewood and coal. Evidence suggests that Christmas rituals will be affected if cooking…

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America… Expectations of a 10% increase in the costs of oil and gas projects by 2023

  • 22 November, 2021
  • 5:41 pm EET

The supply chain costs of oil and gas projects in America are expected to increase in the coming years; That brings total capital expenditures close to $100 billion, according to a recent report. The engineering, procurement, construction and installation (EPCI)…

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Rising gas prices in Europe open doors for coal power generation Coal plants in the old continent compete with gas

  • 19 November, 2021
  • 5:33 pm EET

The rise in natural gas prices in many parts of Europe has led to a revival of coal power plants and reaped huge profits, in contrast to European climate policies, which is a setback for efforts to reduce carbon emissions.…

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Crude Oil Edges Lower as Major Economies Amp Up Pressure for OPEC to Raise Output

  • 03 November, 2021
  • 12:41 pm EET

Crude oil edged lower as OPEC dodged calls to raise its production and was still expected to stick to the scheduled 400,000 barrels per day output boost, Australia's ANZ Bank said in a Wednesday note. US President Joe Biden led…

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