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GECF: more than a quarter of 2050 natural gas supply untapped

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Yet-to-find (YTF) resources will contribute to around 30% of the total production of natural gas worldwide by 2050, according to Yury Sentyurin, the Secretary General of the Gas Exporting Countries Forum (GECF). It will see production rise across all regions of the world, with the exception of Europe, where it will decline by 70% by 2050.

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GE study finds 5% of worlds natural gas production wasted per year by flaring

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A newly released GE study — Flare Gas Reduction: Recent Global Trends and Policy Considerations —estimates that 5% of the world’s natural gas production is wasted by burning or “flaring” unused gas each year, despite some progress on the flaring issue. GE Energy Flare Gas Reduction Study. Click to enlarge.

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Equatorial Guinea, DRC to develop joint oil refinery and storage facilities

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The agreement provides for the establishment of a working group to achieve shared energy objectives and the implementation of specific projects. —Equatorial Guinea’s Minister Gabriel Mbaga Obiang Lima. West-Central Coastal Province, West Africa. —DRC Minister Didier Budimbu Ntubuanga.