Just In : Nigeria to commence gas supply to South Africa in 2024
Nigeria has declared that starting in the first quarter of 2024, it will start supplying gas to South Africa.
In a recent interview in Abuja, David Ige, the Executive of Riverside LNG, an energy company based in Nigeria, revealed this.
He claims that both countries have initiated serious talks about energy cooperation.
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Johannes Schuetze Energy Import AG of Germany and Riverside LNG signed a collaboration agreement for gas exportation earlier this year.
“We’d probably close out another segment of the market very early in the year, an off-take for South Africa.
“There’s a massively evolving gas market in the region, around 3,000 nautical miles of Nigeria. So that covers southern Africa, western Africa, all to northwest Europe and the Caribbean and South America broadly”, he said.
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Nigeria possesses undeveloped proved gas reserves estimated to be 202 trillion cubic feet (tcf) by the Nigerian National Petroleum Company Limited.
