natural gas

Equinor, Korea National Oil Corporation and Korea East-West Power have formed a consortium for the project

WINGAS said it is focusing on its core business of selling conventional natural gas

Demand is expected to rise by more than a tenth by 2024, rising to a height of 4.3 trillion cubic metres

The delivery giant is buying 170m gallons equivalent of the fuel source, produced naturally from bio sources like landfills and dairy farms

They will support projects covering areas such as exploration, production and utilisation of natural gas, energy storage and cybersecurity

The country’s oil production is expected to increase by 1.3m barrels a day during that period

One of the projects being granted funding aims to enhance the potential for oil recovery

That was a result of higher energy consumption, which increased at nearly twice the average rate of growth since 2010

It could potentially represent between five trillion to eight trillion cubic feet of gas

It is abandoning its plan to replace three ageing gas plants – Scattergood, Haynes and Harbor – with newer technology