Europe Does A Complete U-Turn On African Oil And Gas | OilPrice.com

Ireland News News

Europe Does A Complete U-Turn On African Oil And Gas | OilPrice.com
Ireland Latest News,Ireland Headlines
  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 62 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 68%

As European governments race to secure every drop of natural gas that they can, consumers in countries like Nigeria and Mozambique are losing out.

The hypocrisy of Europe asking for oil and gas from countries that, just last year, it had told to keep fossil fuels in the ground only makes it harder to take.

"The gas here goes to Bonny and Europe to power homes and industries but we have no benefits from it," one local community development activist from the Niger Delta told Bloomberg recently."Nothing comes to us."by Bloomberg on Europe's mad dash for gas that has seen Nigeria, for example, send millions of tons of LNG abroad while local communities use illegally made fuels and wood to stay warm. Nigeria is far from the only one.

Now, suddenly, the tables have turned with a deafening crash. The G7 is suddenly all for new oil and gas investments abroad after committing to suspend these just last November at the COP26. And Europe, that same Europe that has been advising African countries to focus on renewable energy and keep the oil and gas in the ground, is now asking for gas.the discourse, too, adding urgency to the continent's hydrocarbon development outlook.

Of course, to do that, energy companies and other funding providers would need to strengthen their walk-back on emission reduction commitments. They will probably do just that, on the basis that 'it's only for a short while", as Germany's government said when it decided to restart coal plants.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

OilandEnergy /  🏆 34. in UK

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Map shows how wildfires are spreading in Europe as heatwave hits France, Spain and PortugalMap shows how wildfires are spreading in Europe as heatwave hits France, Spain and PortugalFrance, Spain, Portugal, Italy and Greece are all battling to contain wildfires that broke out during a heatwave that has brought record temperatures to Europe
Read more »

Nord Stream pipeline uncertainty leaves Germany and Europe staring down barrel of discontent and recessionNord Stream pipeline uncertainty leaves Germany and Europe staring down barrel of discontent and recessionConfronted by all this uncertainty over Russian gas, Germany, and much of the rest of Europe, is urgently looking for other ways of sourcing energy.
Read more »

Europe Looks To Azerbaijan To Help Ease Energy Reliance On Russia | OilPrice.comEurope Looks To Azerbaijan To Help Ease Energy Reliance On Russia | OilPrice.comThe European Union has just secured a new energy agreement with Azerbaijan, aiming to help ease the bloc’s reliance on Russian energy
Read more »

COVID-19 Triples Across Europe and Hospitalizations Double, WHO SaysCOVID-19 Triples Across Europe and Hospitalizations Double, WHO SaysThe World Health Organization said that coronavirus cases have tripled across Europe in the past six weeks. Hospitalization rates have also doubled, although intensive care admissions have remained low
Read more »

Striking Photos Show Europe Trying To Cope With Brutal HeatwaveStriking Photos Show Europe Trying To Cope With Brutal HeatwaveExtreme temperature warnings have been issued this week.
Read more »

Heatwave temperatures set to peak at 43C as UK becomes the hottest place in EuropeHeatwave temperatures set to peak at 43C as UK becomes the hottest place in EuropeMillions of people sweltered on the hottest night ever recorded last night, and there's more extreme heat to come with temperatures set to break records again today as the country battles through an extreme heatwave.
Read more »



Render Time: 2025-03-13 18:47:11