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RUSSIA- UKRAINE WAR: EU DIPLOMATS VISIT NIGERIA TO TALK ON GAS SUPPLY

RUSSIA- UKRAINE WAR: EU DIPLOMATS VISIT NIGERIA TO TALK ON GAS SUPPLY
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Ekeomah Atuonwu

The European Union is attempting to strengthen ties with Nigeria as it seeks to diversify its natural gas import sources in an effort to reduce reliance on Russian energy.

Nigeria is Europe’s fourth largest supplier of liquefied natural gas. Currently, at least 40% of Nigeria’s gas is exported to Europe.

In response to Russia’s invasion of Ukraine, the EU seeks to reduce its reliance on Russian gas.

Its diplomats paid a visit to Nigeria’s state-owned oil company on Monday to discuss expanding cooperation in the energy sector.

“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 same objectives,” the EU Ambassador in Nigeria Samuela Isopi said.

Mele Kyari, CEO of the Nigerian National Petroleum Corporation (NNPC)

The CEO of the Nigerian National Petroleum Corporation (NNPC) assured the European delegation that the company was eager to increase gas supply to the global market.

According to Nigerian officials, the country has a proven natural gas reserve of 209.5 trillion cubic feet (TCF) as of January 2022.

Oil and gas revenues account for roughly two-thirds of Nigeria’s funding.

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Ekeomah Atuonwu

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