Nigeria earned $2.53 billion from gas exports in Q1 2026 as the CBN reported a 256% surge in the country’s current account surplus to $4.98 billion.
natural gas
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ExxonMobil has signed a preliminary deal to supply LNG to South Africa’s Zululand Energy Terminal, the country’s first planned LNG import facility.
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In the News
Chevron Says Cyprus Is Central to East Mediterranean Energy and the Aphrodite Field Is Moving Fast
Chevron says Cyprus is a natural fit for the East Mediterranean’s energy future as the Aphrodite gas field moves closer to a final investment decision.
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TotalEnergies has resumed its $20 billion Mozambique gas project after a five-year suspension, reigniting both hopes for prosperity and frustration over unfulfilled community promises.
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Tanzania has scrapped taxes on electric vehicles, compressed natural gas and charging equipment in its 2026/27 budget to accelerate its clean energy transition.
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Nigeria and Alberta have agreed to deepen cooperation on gas development, methane reduction and carbon capture after bilateral talks held in Calgary, Canada.
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Nigeria’s upstream oil regulator has called on banks to take a more active role in funding gas development and unlocking upstream investment opportunities.
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Senegal’s state gas company is advancing a $1.15 billion pipeline network as its CEO heads to Houston to pitch the project to global investors.
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In the NewsOil & Gas
Algeria Unveils 2026 Oil and Gas Bid Round to Boost Output and Attract Investors
KEY POINTS Algeria has launched its 2026 oil and gas licensing round, offering seven exploration blocks as part of efforts to expand production capacity and draw international investors into its …
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KEY POINTS Oil Merchant, Chevron Corporation has announced plans to advance a significant natural gas development following the signing of a unitisation agreement that allows for coordinated exploitation of shared …