Total charters its first LNG-powered very large crude carriers

32451466440 0a16144250 cSupermajor Total has signed a pioneering agreement to charter its first two LNG powered very large crude carriers (VLCCs)

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Global natural gas prices expected even lower in 2020: Rystad Energy

49025793468 7ea6c0e7eb cThe 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

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Gas sector faces unpredictable year: Wood Mackenzie

49603582733 7c9f8ca8c8 wCoronavirus, 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

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‘Global gas flaring value approaches US$24bn a year if priced at European prices’

gas 2731580 640Ten 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

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Reduction in gas flaring benefits producers and environment, says GlobalData

49140209842 0d7cc45967 cGlobalData has stated that more than 4.6 tcf of natural gas were flared globally in 2019

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