Nigeria to commence gas supply to South Africa in 2024

Nigeria has announced it will commence gas supply to South Africa in the first quarter of 2024.

 

David Ige, the Executive of Riverside LNG, a Nigerian-based energy company, disclosed this in a recent interview in Abuja.

 

According to him, both nations have kick-started discussions of serious energy collaboration.

 

Earlier this year, Riverside LNG entered into a gas-export partnership agreement with Johannes Schuetze Energy Import AG of Germany.

 

“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.

 

According to the Nigerian National Petroleum Company Limited, Nigeria has 202 trillion cubic feet (tcf) of untapped proven gas reserves.