EU Seeks Closer LNG Ties With Nigeria To Fill Russia-Ukraine Supply Gap

October 23, 2023

The European Union (EU) is eyeing stronger diplomatic relations with Nigeria as a reliable liquefied natural gas (LNG) partner to address the gas supply gap caused by the Russia-Ukraine War.

During a visit to the Nigeria Liquefied Natural Gas (NLNG) plant, EU’s Commissioner for Energy in Nigeria, Ms. Kadri Simson, expressed the urgency, stating, “EU is accelerating its energy transition, but we also have a need to reinforce our ties with reliable LNG partners like Nigeria in the short-term horizon.”

Join our WhatsApp Channel

Nigeria, having exported 9.4 billion cubic meters of LNG to Europe in 2022, plays a pivotal role in this plan.

Dr. Philip Mshelbila, NLNG’s Managing Director and CEO, emphasized Nigeria’s Decade of Gas Policy, aiming to harness its vast gas resources for global energy security. Mshelbila pointed out that this plan would also aid the transition to cleaner energy sources and drive economic prosperity while addressing environmental challenges.

The ongoing Train 7 project, approximately 50% complete, will boost NLNG’s production capacity to 30 million Tonnes Per Annum (MTPA) upon completion.

Furthermore, NLNG envisions future expansion to further advance the gas sector, ensuring reliable and environmental sound energy during the energy transition.

Emmanuel Ochayi

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Gaza Conflict Update: Death Tops 5,000
Previous Story

Hamas-Israel Conflict Update: Death Toll Tops 5,000

Nigerian Youth Running Away From Insurance Industry - Tony Elumelu
Next Story

Nigerian Youths Running Away From Insurance Industry – Tony Elumelu

Featured Stories

Latest from Business

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

NGX Closes With N220bn Gain As Traders Exchange N29bn Shares

The Nigerian Exchange (NGX) recovered from the loss recorded on Wednesday, March 4, with a N220.74 billion gain on Thursday, March 5, as the bourse’s market capitalisation grew to N126.31 trillion. According to the NGX, also known as the stock market, the
Rising Cost Of Drugs Takes Toll On Nigerian Patients As FX Scarcity Hits Hard

Mecure, Fidson… Five Largest Pharmaceutical Companies In Nigeria

The market valuation of the six pharmaceutical companies listed on the Nigerian Exchange (NGX), also known as the stock market, increased by N548.35 billion between January 2, 2025, and February 20, 2026, according to analysis by Prime Business Africa. Fidson Healthcare, Mecure

Nigeria Cooking Gas Price Jumps 40% Amid Us, Iran Crisis

Cooking gas prices in Nigeria have jumped about 40 percent amid the ongoing fighting involving the United States, Israel and Iran. Liquefied Petroleum Gas (LPG) now sells for about 1,400 naira per kilogramme at retail outlets in parts of Lagos, up from
Gaza Conflict Update: Death Tops 5,000
Previous Story

Hamas-Israel Conflict Update: Death Toll Tops 5,000

Nigerian Youth Running Away From Insurance Industry - Tony Elumelu
Next Story

Nigerian Youths Running Away From Insurance Industry – Tony Elumelu

Don't Miss

Trump Criticises Ramaphosa’s Land Policy, Threatens To Cut Off Funding To South Africa 

South Africa Hikes Minimum Wage By 6.9%, Above 2022 Inflation Forecast

Prime Business Africa can confirm that South Africa has just

Qatar 2022: Cape Verde Begins Training For Crunch World Cup Qualifier Against Nigeria

By Izuchukwu Okosi THE Cape Verde  national team on Monday