The evolution of the global natural gas market, which has been driven by the growth in liquefied natural gas (LNG) demand, continues to change the relationship between buyers and sellers and raises new challenges for the global security of energy supplies, according to the International Energy Agency (IEA)
Gas
Nigeria launches virtual gas pipeline system
The Nigerian National Petroleum Corporation (NNPC) and a private firm have signed a contract for the activation of virtual gas pipeline network for power generation, in the drive for optimisation of the nation’s vast gas resources
No BP Egypt asset acquisition deal for SDX Energy
SDX Energy, which focuses on North African oil and gas projects, has announced that talks to buy some of BP’s Egyptian assets have been abandoned
NCDMB partners Dangote Refinery on local content implementation
Nigerian Content Development and Monitoring Board (NCDMB) has declared its intention to partner with Dangote Petroleum Refinery and Petrochemical Free Trade Zone Enterprises (DPRP) on the effective implementation of the Local Content policy in the country
Petrochemicals set to be the largest driver of global oil demand: IEA
Petrochemicals will surpass cars, trucks and aviation in future oil demand growth, according to a study by the International Energy Agency (IEA)
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