Week 61: Natural Gas Report

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Week 61: Natural Gas Report


Reuters reported that Seplat, a Nigerian oil and gas firm, is looking for acquisitions despite the fact that the drop in crude prices has eroded its 2020 revenue.

Seplat's revenue fell 24% to $530.5 million in 2020, according to the company's report on Monday, but CEO Roger Brown said the company's good cash generation and emphasis on gas made it a "robust market."

At 1100 GMT, Seplat's shares on the London Stock Exchange were trading 2% higher at 82.8 pence. It's also on the list in Lagos. Annual earnings before taxes, depreciation, and amortization fell 44.7 percent to $265.8 million as a result of the fall. During the price drop, Seplat also reported a $144.3 million impairment due to asset revaluation and financial asset charges.


This week U.S. energy companies added a second consecutive week of oil and gas plants, with rough prices rising to a peak since 2019.

Early indicators of the future yield, the count of oil and gas plants increased from one to 403 per week on March 5.

According to Baker Hughes data from 1940, the total number of equipped plants has risen for the past seven months following a record low of 244 in August.

Separately, the petroleum plants were increased by one to 310, the highest since May, and 92 unchanged gas plants.


Nigeria has been praised by the Organization of Petroleum Exporting Countries (OPEC) for achieving maximum compliance in January 2021 and compensating its entire overproduced volumes. On Thursday, the organization bestowed the honor at the conclusion of its 14th virtual meeting of OPEC and non-OPEC Ministers.

The ministers express their gratitude to Chief Timipre Sylva, Minister of State for Petroleum Resources, for his shuttle diplomacy as the JMMC's Special Envoy to Congo, Equatorial Guinea, Gabon, and South Sudan to negotiate conformity levels with the JMMC.


Reuters reported that US domestic gas consumption is expected to peak around 2030, but increasing pipeline and natural gas (LNG) exports are expected to sustain fuel demand growing by 2050.

However, it is becoming increasingly difficult to move that gas from the countries that produce to places where it can be consumed or exported.

After the $5.8 billion-$6.0 billion Mountain-Valley pipes are entering service from West Virginia to Virginia, IHS Markit does not expect to build any major new intergovernmental gas pipes as early as the end of the year.




The Mexican President Andrés Manuel López Obrador is committed to supporting the State's economic and social development, as well as the rest of south-eastern Mexico, by implementing a broad energy program for Yucatan. The Cuxtal 1 gas pipeline start-up ends with a key project infrastructure aimed at meeting the current twice the country average energy demand, which is Mexico Region: 4.1% vs. 2.6%.

The new pipeline, together with two additional facilities before the term of the president expires, should provide enough natural gas for the power plants at present. In order to meet the increased demand in the region, gas will be transported from the north of the country to Chiapas and in the short term to Cancún.


Reuters reported that A second Russian pipelines vessel undergoes marine tests in advance of being part of the project on Thursday, the consortium behind the Nord Stream 2 undersea gas pipeline, which is pressing on construction, despite increasing pressures on policy.

The ship, Akademik Cherskiy, left on Thursday the German port of Wismar in order to subsequently join the Danish waters project. The US criticized the plan to build a Russian-German pipeline to pump more Russian gas into Europe, which would increase Russia's economic and political leverage in the region.

Alexei Navalny, a Kremlin critic who claimed in August to had been intoxicated with a nerve agent by the Russian Government, became increasingly involved in this standoff since last month.


The 12-mile Central Corridor replacement pipeline began construction this week in Hamilton County, Ohio, which is located in the southeast corner of the state and includes the state capital of Cincinnati.

The ageing infrastructure, according to Duke, needs to be replaced as part of an effort to reduce dependence on gas from southern stations and enable the company to move forward with the retirement of peaking plants used during the winter.

The company stated that it has vital propane peaking facilities that assist in providing natural gas to its regional customers during the coldest days, but that these plants must be retired. The facilities were built in the early 1960s and "represent obsolete technology," according to the study. The facilities include a 400-foot-underground man-made cavern for propane storage, with walls that cannot be fixed.


A force majeure on Nigeria's Qua Iboe crude oil export terminal has been lifted by Exxon Mobil. The force majeure was issued in December after the facility was hit by a fire and two workers were injured. In Nigeria, Africa's largest exporter of crude, Qua Iboe is one of the largest oil export sources.

IPMAN president Chinedu Okoronkwo on Tuesday told NAN that PEF is of great importance, especially since it is progressing in full petroleum deregulation downstream.



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 for 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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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.