European Union, EU, says the supply of LNG gas has been in a tight spot following the Russia/Ukraine war since February twenty-four, 2022.
A delegation from the EU to Nigeria, led by the EU Deputy Director General, Energy, Mr. Matthew Baldwin, during a press briefing at Abuja said that EU member states have been dependent on a single source of gas supply but with the war between Ukraine and Russia, the gas has been weaponized, hence they are seeking relationship with reliable partners like Nigeri
Mr. Matthew said EU’s interest in Nigeria’s oil is not just for transition but that they are building new partnership that would enable Nigeria expand its existing gas utilization capacity to around eighty percen
He noted that there is an extraordinary potential in the relationship and they are determined to deliver on them as gases are vital and they need a vital transition of fuel in the EU that will take them beyond 2045 especially as they no longer need Russian gas in their system which will be replaced with gas coming from Nigeria and other reliable partner
According to him, they are on a fact-finding visit and have met with stakeholders, including government functionaries, security and other relevant agencies, who are also sharing ideas on how to get the best out of the partnership, adding that they have seen clear signs that Nigeria is committed to strengthening the security situation. s.t.a.uation.
Comments are closed for this post.