Local control of onshore and shallow water oil and gas assets is unlikely to halt attacks on Nigerian oil and gas infrastructure, but it should result in a renewed focus on increased production. Despite ongoing supply problems, new LNG capacity is being developed, both on and offshore.
Outages at three major Norwegian facilities on June 13 and the resulting spike in European gas prices highlighted the continent’s now significant reliance on Norway’s gas and its vulnerability to supply shocks. [Gas in Transition, Volume 3, Issue 7]
Pakistan is suffering severe gas shortages and has reverted to fuel oil for power generation, owing to high LNG prices. If strong pricing deters investment in new LNG import capacity, shortages seem certain to persist. [Gas in Transition, Volume 2, Issue 1]
LNG demand in MENA at country level has ebbed and flowed with rapidity, but Kuwait now seems certain to emerge as the region’s primary import market. [Gas in Transition, Volume 1, Issue 9]
U S Energy Corp Provides Preliminary Fourth Quarter and Full Year 2020 Operating Results and 2020 Year End Proved Reserves einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.