gas

Italian energy giant Eni signed an $8 billion gas deal with Libya's state-run National Oil Corporation as Prime Minister Giorgia Meloni visited Tripoli. European governments have been scrambling to find alternatives to Russian gas since…

Libyan National Oil Corporation says it had reached an $8-billion deal with Italian energy giant ENI to develop offshore hydrocarbon sites. "We have reached a deal with ENI to develop the oil and gas sector, by developing two offshore…

Natural gas markets could face volatility for the next several years because there’s still too little supply to meet rising demand, the energy minister of Qatar has said. “It’s going to be a volatile situation for some time to…

Activists attending the COP27 climate conference in Egypt held a demonstration, calling on countries to stop funding new gas projects in Africa. Faced with an energy crisis because of Russia’s war in Ukraine, western nations have been…

Nigeria’s supply of Liquefied Petroleum Gas has grown from 60,000Metric Tonnes in 2007 to over 1.3millionMT in 2021, the NLNG has said. This represents an increase in the consumption of Liquefied Natural Gas by over…

The European Union's executive body has proposed capping the price of Russian gas. Energy prices have soared in the wake of Russia's invasion of Ukraine, forcing the EU's 27 states into action. "We must cut Russia's revenues which…

Major energy traders are taking hundreds of millions of dollars in losses as they scramble to plug a liquefied natural gas (LNG) supply gap. This comes after several outages hampered efforts to fill European storage ahead of the winter…

The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) has increased by 7.57% on a month-on-month basis, from N3,921.35 recorded in May 2022 to N4,218.38 in June 2022. This is contained in the…

Senegal President and current chair of the African Union (AU) Macky Sall said he would travel to Russia and Ukraine soon on behalf of the AU. The trip had been due to take place on 18th May but didn't go ahead due to scheduling issues…

Italy is another step ahead in its venture to increase its export of natural gas as the country signed a new deal with the Republic of Congo. The Italian delegation paid a visit to Angola and now Congo Republic this week to line up LNG…