Daily Energy Report

Nigeria’s planned gas pipelines joining Europe & Africa, Freeze affects LNG, China fuel export decline, IEA revises oil demand upward, Red Sea diversion impact, Global coal’s new highs, and more.

Chart of the Day: The Planned Pipelines from Nigeria to Europe through Algeria, Morocco, or Libya! 

Summary

The map above shows the two gas pipelines proposed in Europe. One would run through Algeria and the other through Morocco. Each pipeline has advantages and challenges. Recently, a third route was suggested through Libya. The idea of more pipelines gained popularity after the Russian invasion of Ukraine and the EU efforts to separate itself from Russian gas.

EOA’s Main Takeaway