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EU agrees on additional purchase of gas from Nigeria

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EU agrees on additional purchase of gas from Nigeria

The European Union is negotiating additional purchases of gas from Nigeria as it prepares for possible cuts in supplies from Russia.

This was stated by Deputy Director General of the Energy Department of the European Commission Matthew Baldwin, Ukrinform reports with reference to Reuters.

Baldwin visited Nigeria and held meetings with officials from Africa’s largest oil producer.

The EU representative was told that Nigeria was improving security in the Niger Delta and was planning to restart the Trans-Niger pipeline after August, which would increase gas exports to Europe.

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According to Reuters, the EU imports 14% of its total liquefied natural gas supply from Nigeria, and there is potential to more than double this figure.

Oil and gas production in Nigeria is declining due to pipeline theft and vandalism, leaving the terminal of gas producer Nigeria LNG Ltd on the island of Bonn running at 60% capacity.

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In 2021, Nigeria exported 23 billion cubic meters of gas to the EU, but this figure has been declining over the years. According to Baldwin, in 2018 the block purchased 36 billion cubic meters of LNG in Nigeria.

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