Nigeria, a significant player in the global energy sector, has announced plans to initiate gas supply to South Africa in the first quarter of 2024.
This development was revealed by David Ige, the Executive of Riverside LNG, a prominent Nigerian-based energy company, during a recent interview held in Abuja.
Highlighting the growing collaboration between the two nations, Ige stated that substantial discussions on energy collaboration have been initiated.
Earlier this year, Riverside LNG solidified a gas-export partnership with Johannes Schuetze Energy Import AG of Germany, indicating a broader expansion of its market reach.
“We’d probably close out another segment of the market very early in the year, an off-take for South Africa,” Ige stated, pointing out the evolving gas market spanning approximately 3,000 nautical miles from Nigeria, covering southern Africa, western Africa, northwest Europe, the Caribbean, and South America.
Nigeria, recognized for its vast energy resources, boasts 202 trillion cubic feet (tcf) of untapped proven gas reserves, as confirmed by the Nigerian National Petroleum Company Limited.
