TVC News Nigeria published July 22, 2022: EU Urges Nigeria To Increase Distribution Of Gas Supply To Europe.
The European Union (EU) says it is looking to increase gas supply from Nigeria from 60 percent to 80 percent or more as the impact of the Russian-Ukrainian crises bites harder.
The EU Commission's Deputy Director-General on Energy who is on a two-day fact-finding mission to Nigeria says Europe is in a tight spot on gas right now and needs Nigeria to increase its supply.
KBC Business published Portugal imported 49.5% of LNG from Nigeria in 2021.
Reuters News
written by Sergio Goncalves
Monday September 19, 2022
LISBON - Portugal could face supply problems this winter if Nigeria does not deliver all the liquefied natural gas (LNG) it is due to, the European Union country's environment and energy minister said on Monday.
Asked whether with many countries now looking for alternatives to Russian gas there was a chance that Nigeria might not meet its LNG supply volumes, Duarte Cordeiro said that while the government had given Lisbon assurances that it would do so, "there is a risk of it not complying".
"From one day to another, we may have a problem, such as not being supplied the volume of gas that is planned," Cordeiro told a conference in Lisbon hosted by CNN Portugal.
Cordeiro did not say what would prevent Nigeria supplying the LNG it was contracted to.
Oil and gas output in Nigeria has been throttled by theft and vandalism of pipelines, leaving gas producer Nigeria LNG Ltd's terminal at Bonny Island operating at 60% capacity.
Nigeria LNG, which is owned by state-oil company NNPC Ltd, Shell (SHEL.L), TotalEnergies (TTEF.PA) and Eni (ENI.MI), did not immediately respond to a request for comment.
Although Portugal has its gas reserves at 100% of storage capacity, Cordeiro said that if fewer Nigerian LNG deliveries materialised, it would have to look for alternative supplies.
With other European countries doing the same, this would likely lead to higher imported gas prices, he said.
Portugal last year imported 2.8 billion cubic meters of LNG from Nigeria, or 49.5% of total imports, while the United States was the second-largest supplier with a share of 33.3%.
Its other suppliers include Trinidad and Tobago, Algeria, Qatar and Russia, the latter accounting for just 2% last year.
Portugal is "diversifying its suppliers to increase the country's energy security", Cordeiro said, adding that it is adopting strategies to lower gas consumption, while boosting its already high production of electricity through renewables.
"Portugal has been preparing, like all of Europe, for what will be a difficult winter," he said, urging the European Commission to move forward with the implementation of a joint gas purchasing platform and defining import prices.
Al Jazeera English published Nigeria ramps up construction of pipeline delivering gas to Europe.
Nigeria is ramping up efforts to finish the construction of a pipeline that will help deliver its gas to Europe.
It's also trying to triple its reserves as prices and demand for gas surge due to the conflict in Ukraine.
Al Jazeera English published September 8, 2022: Nigerian gov't accelerates gas pipeline project to boost electricity supply.
Nigeria is speeding up the construction of a gas pipeline that can deliver gas across the nation.
It will be used to generate electricity and boost exports.
The government's spent $30bn on electricity projects in the past 20 years, but delivered less than what is needed for the population of more than 200 million.
Electricity shortages have forced Nigerian businesses to either cut production or shut down completely.
FRANCE 24 English published September 16, 2022: MOROCCO, NIGERIA AGREE ON PROJECT TO PIPE GAS TO W.AFRICA AND EUROPE
Nigeria and Morocco sign a deal to build the world's longest offshore gas pipeline. When it’s completed in over 20 years’ time, it will connect 15 West African nations and eventually lead on to Europe's shores.
I typed a snippet of the interview below:
The Host says: "Along with gas, Nigeria is one of the world's biggest oil producers as well. On Friday, regulators said, 'Nigeria was losing half a million barrels of crude oil per day to theft and pipeline vandalism.' That's led Nigeria to lose its title of the continents biggest producer. What is the government doing to rectify that problem?"
The Guest replies: "Well this is a major problem. (no shit) The country is losing about half oil revenue. Nigeria is one of the richest oil producers. If individuals are only getting about half of the supply then you know it's a major problem. First it started with only a handful of individuals splitting this oil, but now it has become so many people and it continues to grow. Because we have so many people, the government has been unable to have security agencies who are supposed to stop this theft. They're involved in it. Local committees where this oil is coming from are involved in it. Oil workers are involved in it. So this is such a large enterprise. Even government officials are believed to be involved in it. So the government is going to be fighting itself. It's important this theft is stopped so that Nigeria can generate revenue for its economy."
Tensions simmer between Mali and Ivory Coast as Bamako continues to detain 46 Ivorian soldiers. The military junta ruling Mali has told other nations to stay out of its business.
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