Contributed by: ElchinHasan, Independent Oil and Gas Researcher, A former BP Azerbaijan employee
Elchin Hasan, independent oil and gas researcher and a former BP Azerbaijan employee, tells us that the biggest natural gas investment opportunities lie in East Africa and Iran, and explains what the k
Several new producers are hoping to begin selling gas to Asia soon, including those in North America and East Africa, but with Russia entering this market in around 2018 at a competitive price, some may struggle.
A worsening gas supply crunch in Egypt has prompted BG Group to issue force majeure notices under its LNG agreements in the country because of continuing diversions of gas to the domestic market and away from LNG production at its Egyptian LNG plant.
India’s oil and gas companies are increasingly turning to Mozambique as a future source of LNG supply, following a string of large natural gas discoveries since 2010 that have boosted the nation’s gas reserves to more than 170 Tcf.
Angola has become the 19th nation to become an LNG exporter. The first LNG from its newly commissioned liquefaction project at Soyo – 350 km north of Luanda, at the mouth of the Congo River – was delivered to Brazil last month.
Qatar’s decision to supply five cargoes of LNG to help Egypt out over the summer period will bring some welcome relief to a country facing an energy crisis – but it is only a very short-term palliative solution.
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