natural gas

President Tinubu orders immediate rollout of compressed natural gas conversion kits as petrol prices surge above N1,300 in major cities, while Dangote Refinery cuts gantry price by N100 amid falling crude rates.

President Tinubu ordered immediate nationwide distribution of compressed natural gas conversion kits as petrol and diesel prices surge past N1,000 per litre, intensifying pressure on transport operators and industrial users.

Crude prices jumped 30% and European gas markets rallied as the US-Israel-Iran conflict entered its second week, prompting G7 finance ministers to discuss coordinated strategic petroleum reserve releases to stabilize global energy markets.

Mozambique positions itself as Africa's emerging LNG export hub while South Africa's independent power producers face grid access barriers despite regulatory approvals, highlighting divergent energy transition pathways in southern Africa.

US natural gas production is projected to reach unprecedented levels through 2027, driven by output increases in Appalachia, Haynesville, and Permian regions, while midstream operators deploy billions in processing and LNG export infrastructure to capture growing supply.

Nigeria's compressed natural gas initiative reports 30% fare reductions but infrastructure deployment lags behind government targets, exposing implementation gaps despite securing over $2 billion in private investment.

As global liquefied natural gas capacity prepares for significant expansion between 2026-2030, Nigeria's underutilized gas reserves present both an opportunity and a challenge for the nation's energy sector and broader economic development.