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Global gas flaring at upstream oil and gas facilities has risen for a second year in a row, according to the World Bank’s annual Global Gas Flaring Tracker Flaring rose by 2% to 151 billion cubic meters (bcm) in 2024, the highest level in almost two decades. bcm of the additional gas flaring.
(Oil Price) –Chinese gas and clean energy distribution firm ENN Energy Holdings Limited has been valued at around US$11.6 It operates more than 250 city gas projects nationwide and has an annual LNG distribution capacity of over 10 billion cubic meters (bcm). billion (HK$90.50 By Charles Kennedy for Oilprice.com
It explained that electricity consumption has been doubled in 2024, compared to the annual average over the past decade, due to global temperatures as well as rising consumption from industry, the electrification of transport, and the growth of data centers and artificial intelligence.
Global gas demand reached a new all-time high in 2024, while oil demand growth slowed markedly, according to the IEAs newly-released Global Energy Review 2025 Demand for all energy sources increased in 2024, as global energy demand rose by 2.2% The slowing growth in oil demand to 0.8%, compared to 1.9%
He elaborated that the company transported 64 billion cubic meters (bcm) of gas during 2024. Salah El Din added that the electricity sector had the largest share of the transported gas, representing 56% of the total quantities transported.
Crude oil was up over $2 per barrel. One report is that if the 22 LNG terminals that have been approved for construction are built, their combined regasification capacity could reach 349 Bcm/y. (If If US LNG consumption grows 6% annually, consumption will total 46 Bcm/y by 2020.) MMBtu UP $0.17
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