- QatarEnergy selects Nakilat to own and operate 25 conventional LNG vessels
- The joint development of the Dorra field between Saudi Arabia and Kuwait is pending the demarcation of the border with Iran
- Minister of Energy reaffirms the UAE’s commitment to adopting clean energy and supporting the Paris Agreement
- The new Hassi Messaoud refinery enjoys the support of the government and President Tebboune
- Increasing electrical interconnection capacities to export electricity beyond borders
- Qatar Energy stops sending liquefied gas tankers through the Red Sea for security reasons
- The inauguration of the Duqm Refinery, the largest joint Gulf project in the refinery sector
- Saudi oil exports are faltering due to Houthi attacks on ships in the Red Sea and Gulf of Aden
- Algeria to host and chair the Gas Exporting Countries Forum summit (February 29 to March 2, 2024)
- Egypt Energy Conference and Exhibition 2024 gives a strong impetus to the global energy dialogue
BG supports World Bank gas flaring initiative
LNG player BG Group said it is supporting the World Bank ‘Zero Routine Flaring by 2030′ initiative to eliminate routine gas flaring at operated oil production sites.
The initiative has been endorsed by nine countries, ten oil companies and six development institutions.
It was launched last week by United Nations Secretary-General, Ban Ki-moon and World Bank Group President, Jim Yong Kim. They were joined by the Royal Dutch Shell Chairman, Statoil CEO, Norwegian Foreign Minister, Gabonese Minister of Petroleum, and several other senior government and corporate officials, and representatives of international development banks.
The endorsers collectively represent more than 40% of global gas flaring. Currently natural gas produced together with oil is flared for a variety of technical, regulatory, and economic reasons, or because its use isn’t given high priority.
Natural gas is a versatile, low-carbon fossil fuel. Using this associated gas as fuel, instead of burning it, can contribute to a lower-carbon energy mix if it is used to displace higher carbon sources such as coal.
