The burning of excess natural gas from global oil fields hit its highest level since 2019 last year, spewing enough pollutants into the atmosphere to equal those from an extra five million cars, according to a World Bank report.
“My sense of Mozambique’s natural gas assets is that it can play an important role for the global transition,” she said.
Sri Lanka’s offshore wind resource far exceeds the South Asian nation’s energy demand, and its development could help the country’s economic recovery by displacing costly fuel imports, according to the World Bank.
The Philippines could get nearly one-fifth of its power from offshore wind by 2040 under a high-growth scenario that would deliver 21GW of capacity, according to the latest study from the World Bank. However, numerous challenges need to be overcome to realise this commercial potential.
Savannah Energy has added another string to its bow with a deal to build a wind farm in Niger.
To make real progress in bringing power to those without in sub-Saharan Africa, interested parties will have to provide much more cash.
New Fortress Energy (NFE) has signed a preliminary deal with Mauritania to produce LNG from the offshore.
Sasol and Globeleq have reached financial close on the gas-fired Central Termica de Temane (CTT) power project in Mozambique.
Global philanthropies dug into their pockets to make a big statement on the first full day of the United Nations climate conference.
Neptune Energy has endorsed the World Bank’s Zero Routine Flaring by 2030 initiative, as further momentum grows behind emissions reduction efforts ahead of COP26.
Siemens Gamesa Renewable Energy (SGRE) has contracted Mammoet to offload and assemble wind turbines at Djibouti’s Goubet project.
The nascent offshore wind market in the Philippines, which is Southeast Asia’s second most populous country, offers exciting opportunities for foreign investors, particularly experienced UK companies.
Harbour Energy has signed up to the World Bank’s ‘Zero Routine Flaring by 2030’ initiative.
Stopping financing gas would derail developing countries’ plans for cleaner energy, Nigerian Vice President Yemi Osinbajo has said.
Shell signed a memorandum of understanding (MoU) with Sonatrach last week, looking at potential trading opportunities.
Trafigura has acquired a minority stake in Bboxx, which provides solar power systems in Africa and Asia, with an eye on LPG supplies.
The gas-flaring rate of the European Union’s imported gas is 33x higher than indigenous production. We commend the EU’s recent methane strategy, but to support net zero the EU needs an equally clear EU gas flaring strategy.
Ghana’s Cenpower Generation has committed to switching its primary fuel consumption from light crude oil to natural gas.
Ghana has reached an amended deal with Cenit Energy, which should save the country more than $200 million.
A number of states have signed an agreement formalising the East Mediterranean Gas Forum (EMGF).
Eskom has been instructed to halt work at a number of units at its Kendal power plant by the South African Department of Environment, Forestry and Fisheries (DEFF).
China has signed a concessional loan, via China Exim Bank, to support a hydropower plant in Rwanda.
Saudi Aramco announced today that it is joining the World Bank Initiative: ‘Zero Routine Flaring by 2030’.
The Global Wind Energy Council (GWEC) has announced it will work with World Bank to help promote an intergovernmental forum on "emerging offshore wind markets".
World Bank Group has ploughed triple the amount of investment into the oil and gas sector than renewable energy projects over the last five years, according to a new report.