The value of natural gas flared by 80 different nations around the world has increased by 11% to hit a global peak this year of $16.4 billion, according to data intelligence firm Brainnwave. This is attributed to the dual effects of the rising price of natural gas and the increased volume of gas flared.
The US Department of Energy announced up to $39 million in federal funding for cost-shared research and development projects in order to improve oil and natural gas technologies. Selected projects will fall under two DOE Office of Fossil Energy funding opportunity announcements. The National Energy Technology Laboratory will manage the projects under both FOAs.
The entire pipeline system for Gazprom’s TurkStream project in the Black Sea has been completed following connections between TurkStream offshore section and landfalls. TurkStream is a project for a gas pipeline stretching across the Black Sea from Russia to Turkey and further to Turkey’s border with neighboring countries.
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