GAS

Shell has taken another major step in the restructuring of its decades-old Nigerian operations, agreeing to sell its entire interest in its domestic gas distribution business, Shell Nigeria Gas Group (SNG), to indigenous energy company, Vaaris Energy Limited.

South Africa will prioritise 9.6 gigawatts of battery storage and gas-fired power, putting the ability to deliver electricity when needed ahead of another round of wind and solar procurement.

On September 10, Seplat Energy’s shares rose by the maximum daily limit of 10 per cent, helping the NGX recover from two consecutive sessions of losses. The rally was significant enough to help lift the wider market and restore about N100.5 billion to investors’ wealth.

Africa Gas Transport Company Limited (AfricaGTC), backed by Dutch clean-energy company, Energy Ventures B.V., is set to harness flared gas in Nigeria, which has long posed environmental and economic challenges, into a useful resource.

Dangote Industries is set to take another step into East Africa, with plans for a 1,000-megawatt liquefied natural gas power plant in Kenya that could be supplied with gas from neighbouring Tanzania.

The decline reversed much of the strong earnings improvement recorded between March and June, when monthly profit rose from N276 billion to N481 billion in April, N462 billion in May and N535 billion in June.

June 23 (THEWILL) — Nigeria imported 16,642.66 metric tonnes of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, within the first 19 days of June 2026 as the Federal Government moved to address supply shortages and curb rising...

May 10, (THEWILL) — The NNPC Gas Infrastructure Company (NGIC), a wholly owned subsidiary of NNPC Limited, recently announced the successful completion of the River Niger Crossing of the 130-kilometre Obiafu-Obrikom-Oben (OB3) Gas Pipeline, marking a major milestone in...

March 13, (THEWILL) — Poor power supply has hit Anambra hard, with gas shortages, the December 2025 Escravos-Lagos pipeline explosion, and global crises crippling electricity generation nationwide, the FirstPower Electricity Distribution Company (FpEDC) said, appealing to residents to remain...

October 20, (THEWILL) — The European Union (EU) has agreed to phase out all remaining gas imports from Russia by the end of 2027, marking a major step toward ending the bloc’s longstanding energy dependence on Moscow. The agreement, reached...