The European Union has expressed its commitment to receiving higher liquefied natural gas (LNG) exports from Nigeria in the nearest future. This is according to a statement made by Kadri Samson, the EU Commissioner for Energy in Nigeria, in her visit to NLNG Bonny Plant in Rivers state.
She commended Nigeria Liquefied Natural Gas Limited for its work as the major LNG supplier on the continent and assures of the EU’s commitment to receiving more LNG from Nigeria. Adding that, EU is accelerating its energy transition, but we also need to reinforce our ties with reliable LNG partners like Nigeria in the short-term horizon. This helps us to bridge part of the gap left by former Russian imports while we gradually transition away from fossil fuels.
Also, the Managing Director of NLNG, Dr. Philip Mshelbila, said it’s company is not only committed to harnessing the immense potential of natural gas but also to restore Nigeria’s reputation as a major energy powerhouse and propeling towards a cleaner, greener future.
According to the October 2023 Global Gas report from the International Gas Union (IGU), Nigeria, Qatar, and Russia will be the three next dominant liquefied natural gas (LNG) exporters to Europe after the United States of America.
Furthermore, statistics shows that Nigeria made it to the seventh spot on the list of the top 20 global LNG exporters for 2022, with 14.7 metric tons of LNG, according to the World LNG report from the International Gas Union (IGU). This remarkable increase amounts to a staggering 159% year-on-year rise in LNG exports. Europe’s commitment to these partnerships reflects its desire to secure a stable supply of LNG as its appetite for this energy source continues to grow.