Week 98: Natural Gas Report

The Weekly Natural Gas Review is your resource for understanding where the natural gas market is and how it has developed.

By Anon

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Week 98: Natural Gas Report

In the face of persistent underperformance this year, the federal government announced that it was rebuilding the upstream industry in order to increase crude oil production by 100% to 3.0 million barrels per day, up from an average of 1.5 million this year.

Despite missing the planned reserve deadline of December 2020, the government expressed its commitment to achieving 40 billion barrels of oil reserves. Chief Executive, Nigerian Upstream Petroleum Regulatory Commission, Engr.

Gbenga Komolafe said the targets were hampered by a number of issues, including oil theft, insecurity, and ageing facilities while speaking at the Nigerian Association of Petroleum Explorationists (NAPE) International Conference and Exhibition in Lagos.


It was reported by Reuters that Electric grids should enhance cold weather restrictions and communicate with the natural gas industry, according to US power reliability authorities, to avoid a repeat of the February freeze that left millions in Texas without power for days.

This year has seen multiple extreme weather events in the United States, including a February cold and record-breaking heat in the Pacific Northwest this summer.

On Tuesday, the Federal Energy Regulatory Commission (FERC) and the North American Electric Reliability Corporation (NERC) released their final assessment on the February freeze, which was also known as Winter Storm Uri.


Reuters reported based on the outcomes of pipeline capacity auctions that Ukraine's state-run gas transmission system operator said on Wednesday that there was no indication that Russian energy giant Gazprom planned to send additional gas to the European Union next year.

According to Makogon Kyiv, is using electricity as a weapon against Europe. Moscow denies this and has stated numerous times that it is meeting its gas deal requirements.

"Gazprom does not aim to boost gas supply to the EU in December or the first quarter of 2022, based on auction results," the operator's head Sergiy Makogon wrote on Facebook.


The Pennsylvania Public Utility Commission (PUC) accepted a roughly $2 million settlement with a subsidiary of Energy Transfer LP for a pipeline explosion and fire in Western Pennsylvania in 2018.

On Sept. 10, 2018, a section of the 24-inch (61-centimeter) Revolution pipe failed after heavy rains created a landslide in Beaver County's Center Township. According to the PUC, the fire destroyed a nearby residence, damaged electricity lines, and burned many acres of surrounding woodland.

A $1 million civil penalty is included in the agreement, as well as around $975,000 in additional safety-related measures, such as improved pipeline start-up procedures. According to local media, the 40.5-mile (65-kilometer) pipeline was being put into service at the time of the event.



Reliance Industries Ltd (RELI.NS) of India said on Friday that it had chosen to reconsider Saudi Aramco's (2222.SE) proposed $15 billion investment in Reliance's oil-to-chemicals (O2C) business.

The sale of a 20% share in the unit was planned for 2019, but was postponed owing to the pandemic, which caused oil prices and demand to plummet last year. Meanwhile, earlier this year, Reliance announced plans to invest 600 billion rupees ($8.08 billion) in Jamnagar to develop four "giga factories" to make solar cells and modules, energy storage batteries, fuel cells, and green hydrogen.

A large portion of the oil-to-chemicals assets are located in western India. "In light of the new circumstances, Reliance and Saudi Aramco have mutually concluded that it would be beneficial for both parties to re-evaluate the proposed investment in O2C business," Reliance stated on Friday.


GIP, a major independent infrastructure investor, has agreed to sell its 25.7 percent stake in Freeport LNG Development, L.P. (Freeport) to JERA Americas Inc. for US$2.5 billion, subject to customary purchase price adjustments.

Global Infrastructure Partners II, GIP's second flagship fund, purchased the stake in 2015. JERA Americas Inc. is a subsidiary of JERA Co., Inc. (JERA), the world's largest LNG importer, based in the United States.

JERA owns 25% of Freeport LNG Train 1 and acquires and transports 2.32 million tpy of LNG for usage in Japan and other LNG-importing nations through its subsidiaries. The acquisition is subject to usual regulatory clearances and closing conditions before it may be completed.



The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that all approved Field Development Plans (FDPs) will now include full gas utilization and monetization programs, in order to ensure that the country benefits from the recently concluded United Nations Conference of Parties (COP 26).

Upstream investors have previously focused primarily on oil exploration and production, with little or no plans for gas development. The development has resulted in the gas sector's slow growth and retardation, with more oil companies burning gas rather than monetizing it, and the same can be said for the development of that key business capable of turning the country's fortunes around.



The Nigerian LPG market is the next success story of the Global LPG industry, if you need a partner with a global perspective and local expertise in the Nigerian and African space, kindly book a free session with our team of experts to help you http://www.kiakiagas.com/book-session or write us an email at advisory@kiakiagas.com or Whatsapp: +2348085269328


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How LPG is contributing to the growth of SMEs in Africas: Your One Stop LPG Provider

A crucial component of human life is energy. Reliable access to modern, reasonably priced energy is essential for a country's social and economic development. Traditional dirty-burning fuels used for cooking, such as coal, wood, and kerosene, produce large amounts of pollutants and carbon monoxide, which are the main contributors to indoor air pollution and its negative health impacts. Continual use of unclean fuels may result in early deaths, an increase in childhood and adult illnesses, associated environmental problems, and stress on the healthcare system, according to experts. Liquefied petroleum gas (LPG) was found in the search for cooking energy that would protect our environment from pollution. LPG is a type of energy that is used in cooking. It is produced by refining raw natural gas or crude oil that comes only from fossil fuel sources. It is kept and moved in LPG cylinders at a reasonable amount of pressure as a liquid. Propane and butane make up the majority of the gases created during the LPG production process. The first online energy company in Nigeria, Kiakiagas, provides excellent, prompt, and safe delivery of liquefied petroleum gas (LPG) and related products to Nigerian households and businesses. The company has developed into an energy solutions provider, paving the way for a future in which gas will drive the switchover of the African energy sector from fossil fuels to renewable sources, bringing electricity to consumers in the last mile from urban to off-grid areas.
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Liquefied Petroleum Gas (LPG) is widely used for cooking around the world, but to a lesser level in most underdeveloped countries. LPG is a nonrenewable source of energy. However, when compared to cooking with hardwood or charcoal, it is commonly known that using LPG has few recorded negative health impacts. One of the main drivers of deforestation in Sub-Saharan Africa is the demand for firewood and charcoal as a source of cooking energy. Increasing the usage of LPG is one of the options for reducing the strain on forest resources. Cooking with biomass produces both greenhouse gas emissions and indoor pollution from black carbon. Kiakiagas has endeavor to reach different classes of people and orientate them on the benefit of LPG to their health. We also give information about how LPG is a more cost-effective, faster, and environmentally friendly cooking method than conventional methods. Following the increase in gas prices, many individuals were seeking for strategies to extend the life of their cooking gas. It's possible and easy to extend the life of your gas. Utilizing these suggestions will help you save a lot of money. Here, we come with a list on how you can conserve your cooking gas and make it last longer:
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It is well known that the cost of food has climbed significantly in recent months along with the price of cooking gas, making life difficult for a large number of people. For the typical Nigerian household, cooking gas has turned into a luxury good. Bravo if you still have the means to fill yours to the brim! You don't come across people who can easily and comfortably fill up their gas cylinders every day. Every residence is frantically looking for ways to adapt to this change and extend the gas supply. On a more positive side, we have developed useful advice that will lessen how frequently you visit the petrol station. We have heard the word "savings" so frequently that we are accustomed to it. Many things can be saved, but we have no idea how to do it with LPG. Everyone encounters this question on a daily basis. Is there a way to conserve LPG for cooking? There is, and it's not particularly complicated. Your cooking style only needs a few little tweaks here and there to work. To learn some crucial advice on how to conserve household LPG, scroll down.