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Bangladesh gas fields burnt $3 million worth of natural gas in 2021 in gas flaring, according to a World Bank report published on Thursday. In 2020, the burnt amount was 14.84 million cubic meters (mcm) worth $1.7 million. ....
Oil Companies' Gas Flare Payments Jump from $15.4m to $307.4m in One Year thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
• FX scarcity, gas dollarisation may spike inflation • Gas users to pay $5.10/mmbtu from July despite shortages With the new gas price regime expected to kick off on July 1, alongside challenges of currency devaluation and access to foreign exchange for raw materials, local manufacturers have told The Guardian they are contemplating moving their production hubs to neighbouring African countries under the African Continental Free Trade Area (AfCFTA) regime. According to the manufacturers, it is increasingly difficult to produce locally and remain competitive, going by the new challenges they encounter. x With an upward review in the price of natural gas used for local production and dollarisation of the commodity by franchisers, which operators describe as preferred option to exporting the commodity, the cost of production is expected to rise further, spiking inflation when costs are passed to consumers. ....
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities ....
ANALYSIS: As Nigeria continues to miss gas flaring deadlines, huge revenue is lost In 2020 alone, natural gas valued at $1.24 billion was burned by oil companies, one which could generate the annual electricity use of 804 million Nigerian citizens. 5 min read Since 1979, Nigeria has missed out on ending gas flaring on at least seven occasions. The country is now targetting 2025 to end the environmentally unfriendly, health-damaging and resource-losing act. Each time Nigeria misses out on the deadlines set to harness gas belching from its oil fields, it loses revenue and an opportunity to ramp up power generation. Experts believe the gas Nigeria flares on its oil fields could be a huge revenue trove worth billions of dollars if well harnessed for use as liquefied natural gas or for plastics or fertilizers. ....