Nigeria has been smoking billions of dollars!

Flaring gases, a tax deductible charge in Nigeria, has enabled international oil companies to flare whilst they pay the charge on which the get tax relief. Currently, the penalty for gas flaring is N10 per 1,000 standard cubic feet of associated gas, which is too low. Read more here: https://punchng.com/gas-flaring-law-error-costs-nigeria-billions-of-dollars/

Pay me my money!

In fact, let’s just go to court!

A dispute over payment for supply of gas between Iran and Tehran has escalated, causing the countries to go to the International Court of Arbitration (ICA). The supplier, Tehran, stopped gas exports to Iran in January 2017, claiming debts of over $1.5 billion for gas supplied. Read more here: https://www.usnews.com/news/world/articles/2018-01-29/iran-ready-to-seek-arbitration-in-turkmenistan-gas-row

Europe’s gas market heading South

One of Europe’s biggest pipeline operators is building a system that could make Italy an exporter of gas for the first time. This is definitely going to impact Europe’s gas exports. Read more here: https://www.bloomberg.com/news/articles/2018-01-30/gas-hub-to-expand-in-italy-as-u-k-wanes-in-900-billion-market

South Korea is on another level - LPG fueled ships!

An eco-friendly LPG fueled ship is expected inKorea by 2019. The ship which significantly reduces emissions such as Sox, NOx, PM and other materials is seen as a huge step in the right direction by climate change activists. Korea is set to establish the world’s first LPG bunkering hub by 2019. Read more here: https://shipinsight.com/south-korea-plans-lpg-fueled-ship/