Nigeria is improving security in the Niger Delta and plans to restart the Trans-Niger Pipeline.
The European Union is negotiating the purchase of additional volumes of gas from Nigeria against the backdrop of a possible cessation of supplies from Russia. This is what the Deputy Director General of the Energy Department of the European Commission Matthew Baldwin said, Reuters reported yesterday.
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Baldwin visited Nigeria this week and held meetings with officials from Africa’s largest oil producer.
The EU representative was told that Nigeria is improving security in the Niger Delta and plans to restart the Trans-Niger pipeline, which will increase gas exports to Europe.
The EU now imports 14% of its total LNG supply from Nigeria, and has the potential to more than double this figure.
At the same time, it is indicated that oil and gas production in Nigeria is declining due to cases of theft and vandalism of pipelines. As a result, gas producer Nigeria LNG Ltd’s terminal on the island of Bonn is operating at only 60% capacity.
In 2021, Nigeria exported only 23 billion cubic meters of gas to the EU. At the same time, in 2018, the Europeans bought 36 billion cubic meters of LNG from Nigeria.
It was previously reported that in Europe the demand for African oil and gas has increased significantly due to the war between Russia and Ukraine. Europeans want to return to the implementation of projects with a total of $100 billion. Previously, these projects were considered costly or environmentally hazardous.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.