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Fri, Mar

Ukraine War: EU Looks To Nigeria For Additional Gas Supply

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The European Union is strengthening relations with Nigeria as it seeks to diversify sources of its natural gas imports in an attempt to reduce reliance on Russian energy. According to EU ambassadors on Monday, at least 40% of Nigeria's gas is currently exported to Europe. The EU is looking to replace Russian oil with African oil because of its high amount of untapped gas reserves. Nigeria is the fourth biggest liquified natural gas supplier to Europe. The EU Ambassador to Nigeria, Samuela Isopi, Isopi disclosed this when the EU ambassadors paid a courtesy call on the Nigerian National Petroleum Company Limited, seeking to strengthen the EU’s partnership with Nigeria in the energy sector, according to a statement issued in Abuja by NNPC.

The ambassador was quoted as saying, “Nigeria is the fourth gas supplier to Europe. At least 40 per cent of the Nigerian LNG is currently exported to Europe.

“We are not only major clients for Nigeria, we are also major partners in the oil and gas sector because some of the companies that are working with you are from Europe. So we share the same interest and objectives.”

The Group Managing Director, NNPC, Mele Kyari, assured the European delegation that the company would continue to deepen its historical relationship with EU companies in Nigeria.

This, he said, was in order to add more value to the NNPC’s business, particularly towards increasing gas supply to the global market and enhancing domestic gas utilisation.

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