• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Economy

Ukraine war boosts global FDI into natural gas

3 years ago
in Economy, Energy, Features, highlights, Home, home-news, latest News, Markets
2 min read
0 0
0
138
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ukraine war boosts global FDI into natural gas

Investment into the development of natural gas resources jumped in the first half of the year, as the Ukraine War forces Western countries to look for alternatives to Russian gas. 

Some nine foreign direct investment (FDI) projects were announced in natural gas extraction activities in the first six months of 2022, totalling around $25bn, according to the figures from greenfield investment tracker fDi Markets.

Some nine foreign direct investment (FDI) projects were announced in natural gas extraction activities in the first six months of 2022, totalling around $25bn, according to the figures from greenfield investment tracker fDi Markets.

The volume of natural gas investment in the first half of this year was bigger than the full-year data in 2021, when investors announced two natural gas extraction projects worth $5.05bn. 

“The new liquified natural gas projects are driven mainly by a short-term increase in natural gas demand in Europe and Asia, due to Russia’s war in Ukraine and ensuing sanctions, and restrictions placed on Russian gas exports,” Rystad Energy said in its August 24 press release.

The overwhelming majority of announced FDI projects into natural gas extraction in the first half of the year were in Qatar. QatarEnergy, the country’s state-owned company, signed five partnerships with major international oil companies to carry out the $28.75bn North Field East (NFE) project, which aims to ramp up the country’s extraction and liquefaction capacity. The international partners include France’s TotalEnergies, Italy’s Eni, the US’s ConocoPhillips and ExxonMobil, and the UK’s Shell. 

RelatedPosts

GRA to Tax Cryptocurrency Gains as Authority Prepares Digital Tracking System

 Importers and Exporters Association Decries “Mafiarian” Auctions of Perishable Goods at Ghana’s Ports

Nigeria Leads as Africa’s Wealthiest Economies Lose Over 8,000 Millionaires in 10 Years

Qatar holds the third-largest natural gas reserves globally, after Russia and Iran, according to OECD figures.

Beyond the NFE project in Qatar, Western investors announced gas projects in the likes of Israel, Norway, Australia and New Zealand, strengthening an emerging trend that sees investors from developed countries leaning more towards doing business with like-to-like partners in other developed countries to mitigate geopolitical risks. 

“Fundamentals are strong for continued natural gas investment,” Ian Thom, director of Middle East upstream of energy consultancy Wood Mackenzie, tells fDi. He adds that increasing investments into natural gas will continue, and that more oil and gas companies are seeking to “increase the share of gas in their output” over the medium and long term, as gas is “more resilient than oil in a rapidly decarbonising scenario”. 

Global energy players have stepped up a gear to secure the natural gas supply. Shell has made a natural gas discovery in the south Caribbean gas blocks, its local partner, Ecopetrol, said on August 10.

Eni also announced that it had made “a significant gas discovery” in the block off the coast of Cyprus, where Eni fully operates with 50% of interest with TotalEnergies as a partner, the company said on August 22. London-based Energean announced a new gas discovery off the coast of Israel in May, too.

Source: fdiintelligence
Tags: global FDIUkraine war boosts global FDI into natural gas
No Result
View All Result

Highlights

Financial Stocks Gain as Accra Bourse Slips on Prime Index Decline

Ghana in Talks With Nigeria Over Possible Barter Deal to Swap Gas for Electricity

Ghana set to Save $300m in Debt Restructuring Deal With IPPs – ACEP’s Ben Boakye Discloses

Morocco and Madagascar set up Historic CHAN Final in Nairobi

US Open: Defending Champions Swiatek and Sinner Cruise Into Second Round

Otto Addo Names Strong 24-Man Squad As Black Stars Prepare For Crucial World Cup Qualifiers Against Chad and Mali

Trending

Business

GRA to Tax Cryptocurrency Gains as Authority Prepares Digital Tracking System

August 27, 2025

GRA to Tax Cryptocurrency Gains as Authority Prepares Digital Tracking System The Commissioner-General of the Ghana Revenue...

 Importers and Exporters Association Decries “Mafiarian” Auctions of Perishable Goods at Ghana’s Ports

August 27, 2025

Nigeria Leads as Africa’s Wealthiest Economies Lose Over 8,000 Millionaires in 10 Years

August 27, 2025

Financial Stocks Gain as Accra Bourse Slips on Prime Index Decline

August 27, 2025

Ghana in Talks With Nigeria Over Possible Barter Deal to Swap Gas for Electricity

August 27, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.