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In September 2021, gas prices in Europe reached all-time highs, following a collapse of wind-based power generation on account of low winds. [31] [32] In December 2021, they reached $2000 for 1000 m3 for the first time, corresponding to €172.52/MWh (€50.56/MMBtu) on the TTF hub in the Netherlands according to the London ICE. [33] [34]
There is some disagreement on which country has the largest proven gas reserves. Sources that consider Russia in possession of the world's largest proven reserves include the US CIA (47,600 cubic kilometers), [2] the US Energy Information Administration (EIA) (49,000 km 3), [3] and OPEC (48,810 km 3). [4]
The heating value depends on the source of gas that is used and the process that is used to liquefy the gas. The range of heating value can span ±10 to 15 percent. A typical value of the higher heating value of LNG is approximately 50 MJ/kg or 21,500 BTU/lb. [2] A typical value of the lower heating value of LNG is 45 MJ/kg or 19,350 BTU/lb.
Quantities of natural gas are measured in standard cubic meters (cubic meter of gas at temperature 15 °C (59 °F) and pressure 101.325 kPa (14.6959 psi)) or standard cubic feet (cubic foot of gas at temperature 60.0 °F and pressure 14.73 psi (101.6 kPa)), 1 standard cubic meter = 35.301 standard cubic feet.
According to 2010–12 estimates, proven world reserves of natural gas, from which most LPG is derived, stand at 300 trillion cubic meters (10,600 trillion cubic feet). Production continues to grow at an average annual rate of 2.2%.
Nigeria is a federal republic in West Africa, bordering Benin in the west, Chad and Cameroon in the east, and Niger in the north. As of 2015 Nigeria has the world's 20th largest economy, worth more than $500 billion and $1 trillion in terms of nominal GDP and purchasing power parity respectively. It overtook South Africa to become Africa's ...
The registration is part of the Corporate Transparency Act, an anti-money laundering statue passed in 2021. Under the CTA, the owners and part-owners of an estimated 32.6 million small businesses ...
As of 2021, Angola and Nigeria were the largest oil producers in Africa. [24] In Nigeria, the deepwater sector still has a large avenue to expand and develop. The Agbami oilfields hit full production in 2005, at 250,000 barrels (40,000 m 3) a day. Operated by Chevron's Star Deep and a company called Famfa, Agbami is only one offshore concession ...