We are now less than a decade away from the goal of Zero Routine Flaring by 2030, an ambition that sits at the nexus of climate change mitigation and energy policy. Developed by the World Bank and launched in 2015 by the UN, World Bank and several governments, along with oil companies and development institutions, the Zero Routine Flaring initiative is designed to end an oil industry practice that has existed since oil production first began more than 150 years ago.
WASHINGTON, July 21, 2020 — Estimates from satellite data show global gas flaring increased to levels not seen in more than a decade, to 150 billion cubic meters (bcm), equivalent to the total annual gas consumption of Sub-Saharan Africa.
The 3% rise, from 145 billion cubic meters (bcm) in 2018 to 150 bcm in 2019, was mainly due to increases in three countries: the United States (up by 23%), Venezuela (up by 16%), and Russia (up by 9%). Gas flaring in fragile or conflict-affected countries increased from 2018 to 2019: in Syria by 35% and in Venezuela by 16%, despite oil production flattening in Syria and declining by 40% in Venezuela.
Deadline: 03-Jun-2019 at 11:59:59 PM (Eastern Time – Washington D.C.)
The objective of this assignment is to provide support to the national energy regulator of Ukraine, in the assessment of existing daily balancing system for gas distribution system operators (DSOs) and its further synchronization with the transmission system operator (TSO) including, among other things, adequate metering, aggregation, reporting and reconciliation of daily volumes along the gas supply chain from the TSO to DSOs and final users of gas. The assignment will support the implementation of agreed reform actions and as needed, provide just-in-time advice to the Regulator on matters related to the improvement of the daily balancing system for transmission and distribution. Continue reading
Deadline: 03-Jul-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)
The World Bank seeks the services of an internationally recognized consulting firm to conduct a study on the current and potential contribution of gas to the Indonesian economy as a basis for informing policy directions and specific reforms across a range of industrial, power, transportation and household uses. The work will evaluate the gas value chain in each use of gas to identify the direct and indirect economic benefits and co-benefits of gas use (e.g. pollution abatement, lower carbon, security). It will identify barriers to the optimal use of gas and opportunities to overcome these through policy actions and public investments, including inter alia gas price, allocation and fiscal regulations.
Deadline: 30-Jun-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)
To support the improvement of STEGs financial, technical, and commercial performance by (i) undertaking an operational and management diagnosis of the utility; (ii) designing a detailed plan for STEG to carry out necessary investments and reforms to meet the targets of its performance contract; and (iii) determining the current revenue requirement of STEG based on their cost structure and identifying the efficient revenue requirement for the next 10 years based on the improvements proposed in the performance improvement plan above.
Deadline: 22-Aug-2017 at 11:59:59 PM (Eastern Time – Washington D.C.)
Definition, design, and deployment of a Market Monitoring System (MMS) able to give accurate, automatic, and timely signals to the participants in the natural gas and electric power markets of Colombia by gathering, storing, processing, analyzing, and reporting information from different sources, including transactions of financial products related to the energy markets. The MMS is expected to contribute to the economic efficiency of the markets and prevent opportunistic anti-competitive behavior affecting market prices.
Deadline: 03-Apr-2017 at 11:59:59 PM (Eastern Time – Washington D.C.)
The Feasibility Study (the Study) shall be comprised of the Regulatory and Market Analysis. It shall be performed by extensive research of publicly available information, regarding the Albanian and regional markets, on regulatory and market developments and assessment of those markets. The results of the Regulatory Analysis will be synthesized in plausible regulatory cases for Albania within the region depending on the withdrawal of coal fired capacity, in RES and sustainability obligations; the gas market developments and; the degree of harmonization of cross-border trading. The Study will also develop plausible macroeconomic scenarios for Albania and the region but with granularity of assumptions on a country by country level. The macroeconomic scenarios will be combined with the regulatory cases to produce combination of scenarios which will then form the basis of the subsequent Market Analysis.
Article originally posted on the World Bank website on July 30, 2015. The project website for the Ghana Sankofa Gas Project can be found here, which also features the detailed Project Appraisal Document.
The World Bank’s Board of Directors today approved a record investment of $700 million in guarantees for Ghana’s Sankofa Gas Project – a transformational project that will help address the country’s serious energy shortages by developing new sources of clean and affordable natural gas for domestic power generation.
The Board approved a unique combination of two guarantees for the Project – an IDA Payment guarantee of $500 million that supports timely payments for gas purchases by Ghana National Petroleum Corporation and an IBRD Enclave Loan guarantee of $200 million that enables the project to secure financing from its private sponsors. Together, the guarantees are expected to mobilize $7.9 billion in new private investment for offshore natural gas, representing the biggest foreign direct investment in Ghana’s history.
The exploration and commercialization of the gas will be carried out by two private investors, Eni of Italy and Vitol Group of the Netherlands