Framework for Countries Evaluating Gas-to-Power Pathways - Goal 2: Achieving Energy Security

Framework for Countries Evaluating Gas-to-Power Pathways 4 Common claim 2 “Producing and burning more gas for power will allow our country to achieve energy security.” Background In Africa, Asia and Latin America, the governments of many lower- and middle-income gas producing countries want to invest more in gas for energy security. [...] Or, even if they extract the oil, The price of gas is the biggest variable in the they often reinject, vent or flare much of the overall cost of operating a gas power plant. [...] non-associated gas In Nigeria, flared gas alone has exceeded gas Producers of non-associated gas tend to supplied to the domestic market for much of demand higher prices, partly because they the past two decades (though the situation has have no oil to sell. [...] Between 2012 and 2022, which a company prices domestic gas as Colombia cut the flaring intensity of production if it had exported as LNG, minus the cost (i.e., the amount of gas flared per barrel of oil of liquefying the gas and transporting it to produced) by 69 percent. [...] For more imported gas on the risks and costs of dependence on gas imports, see NRGI’s “The Risks of Dependence on Gas Imports.” Analyzing the energy security Not every deal to import gas will undermine a implications of gas imports is a complex, country’s energy security.