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.

emmmmmm
+ posts

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.

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

NGX Suspends Trading In Unity Bank, Guinea Insurance, 6 Other Companies’ Shares

NGX Rebounds With N93bn Gain, As Market Cap Rises To N106.43trn

On Tuesday, January 20, the Nigerian Exchange (NGX) market capitalisation increased by N93.48 billion to N106.43 trillion, from the N106.34 trillion reported on Monday, January 19. The all-share index (ASI) expanded by 144.32 basis points, from 166,112.5 ASI to 166,256.82 ASI.Join our
Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Ikeja Hotel, Living Trust Drag NGX Market Cap Down By N10.90bn

Over N10.90 billion was lost during trading on Monday, January 19, as the market capitalisation of the Nigerian Exchange (NGX) declined to N106.34 trillion, from the N106.35 trillion recorded on Friday, January 16. A slight decline was also recorded in the all-share
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

PBA Top Headlines Of The Week

PBA Top Headlines Of The Week (December 2)

Here are the top stories in Prime Business Africa for
Nigeria's Treasury Bills See Strong Demand, Raise N284.26bn

Nigeria’s Treasury Bills See Strong Demand, Raise N284.26bn

Strong Investor Interest in Latest Treasury Bills Auction The Federal