Reuters reported that in order to reflect market changes as demand recovers from the impact of the coronavirus pandemic, Asia needs flexible liquefied natural gas (LNG) contracts with no relation to oil prices.
Indian, the world's fourth-largest importer of liquefied natural gas, is investing $60 billion in infrastructure enhancement by 2024 and plans to increase the share of gas in its energy mix from the current 6.3 per cent to 15 per cent.
The country's top importer, Petronet LNG, is re-negotiating rates for gas purchased under long-term deals with Qataris after a spot price collapse of long-term oil-linked deals is unattractive.
The News Agency of Nigeria (NAN) reported that as the Federal Government moves to build alternative fuel for cars and other prime movers in Nigeria, President Muhammadu Buhari will carry out the auto-gas scheme in Abuja on December 1.
The NGEP set up Micro Distribution Centres (MDC) nationwide to bridge the supply and accessory gap between the industry and customers in order to deepen domestic cooking gas use.
Around 12.5 million direct and indirect jobs for Nigerians will be generated by the autogas system and the deepening domestic use of liquefied petroleum gas (LPG).
Reuters reported that the gas pipeline Interconnector would decrease the potential for immediate supply flows from Belgium to Britain.
InterconnectorUK (IUK) has stated that the available technical capacity will be revised to 562-gigawatt hours per day (GWh/d) in order to ensure the efficient operation of the equipment whenever reservation commitments remain limited.
If however, IUK has booked more than 30% of its technical capacity from Belgium to Britain, the available capacity will be given up to 803 GWh/d of the technical capacity.
Reuters reported that Mexico has cut off the supply of natural gas to Braskem's Mexican operations, intensifying a conflict between President Andres Manuel Lopez Obrador and the Brazilian petrochemical company.
The decision to shut down the supply of natural gas appears to have been made in order to make it difficult for the plant to keep working.
For some time, the administration of Lopez Obrador had tried to renegotiate a separate contract covering the supply of another gas, ethane, for the manufacture of plastics at the Braskem-Idesa Etileno XXI plant near the Gulf coast.
Reuters reported that Eni said in a statement that the new agreements would pave the way for the Damietta port city's liquefied natural gas (LNG) plant to restart operations by the first quarter of next year.
Eni will be able to expand its LNG portfolio and boost its gas footprint in the Eastern Mediterranean with the new agreement, which also needs the green light from the European Union authorities as well as other requirements to be met.
In a separate statement, Naturgy said it would obtain a series of cash payments under the agreement totalling about $600 million, which will result in its departure from Egypt and the end of its joint venture with Eni when completed.
Reuters reports that the selling of a C$1 billion ($769 million) interest in Keystone XL (KXL) to a Canadian indigenous community by TC Energy Corp. is the result of more than three years of agitation from a small Saskatchewan First Nation that wanted part ownership of the long-delayed oil pipeline, rather than short-term payments to allow it to be constructed through its lands.
The proposed investment by Natural Law Energy (NLE) was regarded by TC as the largest indigenous investment ever in an oil project, demonstrating how some groups want to share in the benefits of the industry while others oppose it.
If they succeed, millions of dollars will flow to indigenous communities over a decade to help young people afford colleges or pay for business investments.
According to a regulatory filing on the Israeli exchange cited by Reuters, Delek Drilling, one of the key operators of Israel's large offshore gas fields, plans to spin off most of its properties into a new business which will IPO on the London Stock Exchange.
Delek will pass to the new firm its 45.3% share in the Israeli gas field in Leviathan and 30% stake in the Cyprus field in Aphrodite, but maintains its 22% stake in the Tamar industry, which Israel ordered to be sold as part of the strategy of preventing gas market concentration the following year.
This indicated that Delek is no longer keeping the same business from the two fields of shipments of natural gas to Egypt.
On Thursday, President Muhammadu Buhari urged the Organization of Petroleum Exporting Countries (OPEC) to acknowledge Nigeria's burden of sharing oil production cuts with a large number of poor citizens.
Buhari talked about the problems Nigeria faces with its huge population and its immense infrastructure deficit. He urged OPEC to take Nigeria's burden on "200 million poor people with severe infrastructure deficits when sharing cuts in oil production" into account.