Gas
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As energy bills become more expensive from today, respected forecasters have said they are likely to rise further in spring instead of fall, as first anticipated. The energy price cap rises from January, bringing the cost of a typical annual bill to £1,738 – £21 a year more than from October to December. Bills had already become…
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The pricing of petrol and the volatility in the foreign exchange market are pulling the plug on marketers’ efforts to join the Nigerian National Petroleum Company Limited (NNPC) in the importation of the product into the country. The controversy over whether petrol subsidy is really gone has reemerged as marketers continue to stay on the…
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To pressure international suppliers to reduce leaks of the potent greenhouse gas, on Wednesday, the European Union (EU) reached a deal on a law to implement methane emissions limits on Europe’s oil and gas imports from 2030. After carbon dioxide, methane is the second-leading cause of climate change and has a far higher warming effect…
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Germany is considering using an out-of-use airport to implement its geothermal plans, as Berlin looks to become more energy-independent – and cleaner. Geothermal energy is a form of thermal energy that has been exploited as a source of both heat and electric power. The site of the former Tegel airport is just one of many…
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The Russian government on Thursday imposed a temporary restriction on the export of petrol and diesel in order to stabilize prices in the domestic market. “Temporary restrictions on the export of car petrol and diesel fuel have been introduced in Russia. The decree was signed by the Prime Minister Mikhail Mishustin. The decision was made…
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In the last three months since President Bola Tinubu announced the withdrawal of petroleum subsidy, Nigerians are still trying to grapple with the over 400 per cent increment while they continue to wait for the promised palliatives from the government. But the increase in the price of crude oil in the international market could further…
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When, in 2010, US energy company Anadarko found major gas reserves off the coast of Mozambique’s Cabo Delgado province, many hoped that the discovery was going to bring prosperity to the impoverished region. The following year, Italy’s ENI also found a massive gas field in the area. Since then Mozambique has seen an influx of…
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