The flaring of natural gas produced as part of crude oil production operations is a well-known practice which increasingly becomes a non-acceptable option around the globe. In 2010, the Global Gas Flaring Reduction Partnership (GGFR) at the World Bank reported that nearly 5TCF (trillion standard...

Yemen is planning to export gas through Yemen Liquefied Natural Gas (YLNG) starting from 2009. Yemen is also aiming to develop the domestic gas market, in particular gas-to-power. Liquefied Natural Gas (LNG) export revenue and domestic gas sales are expected to partially offset the decline in...

This report summarizes a strategy for accelerating the liberalization of the natural gas market in Turkey in line with the objectives of the Natural Gas Market Law of 2001 (Law 4646). It focuses on the desired future framework for the natural gas market and indicates the changes that need to be...

Under-pricing of diesel and kerosene continues to cause major financial problems for Bangladesh Petroleum Corporation (BPC), which is losing over Tk 2 billion monthly. Global forecasts suggest that oil prices will continue to be over $US 50 per barrel for the next couple of years. Bangladesh's...

For some Latin American countries - especially, the oil importers in the Caribbean - rising energy prices could pose a significant threat to their current account sustainability, particularly if they are accompanied by other negative shocks. In some countries the fiscal costs associated with...