The world’s demand for natural gas is being impacted by the COVID-19 pandemic, and although it will not be curtailed to the same extent as oil, Rystad Energy estimates international gas prices will reach lower averages than previously expected in 2020
Gas
Gas sector faces unpredictable year: Wood Mackenzie
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
‘Global gas flaring value approaches US$24bn a year if priced at European prices’
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, according to data and analytics company GlobalData
Reduction in gas flaring benefits producers and environment, says GlobalData
GlobalData has stated that more than 4.6 tcf of natural gas were flared globally in 2019
Eni to restart Egypt’s Damietta LNG plant operations
Supermajor Eni has announced that Egypt’s Damietta LNG plant is expected to resume operations by June following a series of agreements with its partners in Egypt
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