‘Gas sector impacted by coronavirus, oil price crash and LNG oversupply’
Coronavirus, sustained low oil prices, and LNG oversupply weigh on the gas sector this year, Wood Mackenzie said in its latest short-term gas and LNG outlook report
Gas
Ten countries flared more than 9.5 bcfd in 2019: GlobalData
Data and analytics company GlobalData stated that ten countries produced 80 per cent of all flared gas, and their forgone revenue from failing to monetise the gas constituted over US$19bn in 2019
More than 4.6 tcf of natural gas flaring globally in 2019
The potential value of 4.6 tcf of natural gas flared globally in 2019 could be as high as US$24bn, if priced at the European gas benchmark, said leading data and analytics company, GlobalData
Air Products’ technology selected for Mozambique’s first onshore LNG project
Technology company Air Products has signed an agreement to provide its proprietary LNG technology, equipment and related process license and advisory services to the Mozambique LNG Project
Importance of gas for African energy transformation highlighted at IP Week
Government cooperation is important but the private sector is expected to lead the way in boosting access to energy - this was the message from an African panel session at IP Week, held in London last week
