article thumbnail

Nigeria LNG moves ahead with $10B expansion; 30 Mtpa

Green Car Congress

The partners in Nigeria LNG (NLNG)—Nigeria National Petroleum Corporation (NNPC) (49%), Shell (25.6%), Total (15%) and Eni (10.4%)— have taken the final investment decision (FID) for the expansion project of the liquefied natural gas (LNG) plant at Bonny Island. Mtpa—a 33% increase. Mtpa—a 33% increase.

Nigeria 170
article thumbnail

UTM Offshore signs FEED agreement for Nigeria’s first floating liquefied natural gas (FLNG) facility

Green Car Congress

million metric ton per annum and a storage capacity of 200,000 cubic meters, as well as ancillary facilities to be located 60km from the shore of Akwa Ibom State, Nigeria. The FLNG facility will have a Liquified Natural Gas (LNG) nameplate production capacity of 1.2 —NJ Ayuk, the Executive Chairman of the AEC.

Nigeria 186
article thumbnail

EIA: US LNG exports grew to record highs in the first half of 2021

Green Car Congress

Rising global LNG demand once COVID-19 restrictions began to ease, as well as continuous unplanned outages at LNG export facilities in several countries (including Australia, Malaysia, Nigeria, Algeria, Norway, and Trinidad and Tobago), also contributed to increased US LNG exports.

Trinidad 418
article thumbnail

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

Green Car Congress

The two-day Oil and Gas of Turkmenistan 2020 conference was organized by the Government of Turkmenistan and attracted the participation of regional and international energy companies, including CNPC, Dragon Oil, SOCAR, ENI, ARETI, Schlumberger, Hyundai, among others.

article thumbnail

IEA: non-OPEC oil supply tops 43 mb/d for first time in decades; global demand to reach 92.4 mb/d in 2014

Green Car Congress

Global oil supplies increased by 310 kb/d in November to 92.3 Year-on-year, November supplies rose by 810 kb/d, as a 1.9 OPEC crude supply fell by 160 kb/d in November to 29.73 OPEC crude supply fell by 160 kb/d in November to 29.73 Global demand is now seen advancing by 1.2 mb/d in both 2013 and 2014, to reach 92.4

article thumbnail

This Nigerian Startup’s Minigrid Began as a School Project

Cars That Think

After he graduated from the Federal University of Technology in Owerri, Nigeria, his plan was to get a high-paying job at one of the multinational oil and gas companies based in the country. Based on what he learned, he and three classmates built a solar-powered 6-kilowatt minigrid that supplied power to about 60 homes in a village.

Nigeria 62
article thumbnail

EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

Green Car Congress

High-capacity refineries require access to reliable sources of crude oil inputs to maintain higher utilization and to a sufficiently large pool of potential customers to supply. The refinery’s return is likely to decrease petroleum product prices and increase supply, particularly in south and southeast Asian markets.

Global 448