The European Union is seeking additional gas supplies from Nigeria as the bloc prepares for potential Russian supply cuts, Matthew Baldwin, deputy director general of the European Commission's energy department, said on Saturday.
Baldwin was speaking in Nigeria where he held meetings with officials from Africa's largest oil producer this week.
He was told that Nigeria was improving security in the Niger Delta and planned to re-open the Trans Niger pipeline after August, which would yield more gas exports to Europe.
The EU imports 14% of its total LNG supplies from Nigeria and there is potential to more than double this, Baldwin told Reuters by phone.
Oil and gas output in Nigeria is being throttled by theft and vandalism of pipelines, leaving gas producer Nigeria LNG Ltd's terminal at Bonny Island operating at 60% capacity.
"If we can get up to beyond 80%, at that point, there might be additional LNG that could be available for spot cargoes to come to Europe," Baldwin said.
"They (Nigerian officials) said to us, 'Come and talk to us again at the end of August because we think we can deliver real progress on this'."
Nigeria NLG is owned by state-oil company NNPC Ltd, Shell, TotalEnergies and Eni.
The European Commission said on Wednesday that EU member states should cut their gas use by 15% from August to March. The target would initially be voluntary, but would become mandatory if the Commission declared an emergency.
Last year, Nigeria exported 23 billion cubic metres (bcm) of gas to the EU, but the figure has been declining over the years. In 2018 the bloc bought 36 bcm of LNG from Nigeria, Baldwin said.
Latest Stories
-
Mahama isn’t close to Akufo-Addo in terms of hospital infrastructure – NEIP CEO
34 mins -
About 64.4% of Ghanaians encourage spreading of fake news – Study
57 mins -
Akufo-Addo is touching every part of Ghana with hospital projects – Ofosu Nkansah
1 hour -
Political parties set to sign Peace Pact ahead of Election 2024 today
1 hour -
GIMPA Law Students Association holds peace forum for election 2024
2 hours -
Pencils of Promise commissions 205th classroom block in 12 years
2 hours -
RexDanquah: The Akufo-Addo Cathedral promise paradox
2 hours -
Weija-Gbawe NCCE hosts cinema show to promote peaceful elections
2 hours -
Peace Council urges non-violent resolution of election grievances
2 hours -
‘Bawumia’s policies will alleviate the suffering of Ghanaians’ – Kufuor asserts
2 hours -
Election 2024: Nii Lante Vanderpuye predicts landslide victory for Mahama
2 hours -
The youth must serve the nation with integrity, selflessness – Chief Justice
3 hours -
Hisense Black Friday offers unbeatable discounts from November 28-30
3 hours -
‘Experience and wisdom are often associated with age’ – Kufuor shades critics over Bawumia endorsement
3 hours -
Election 2024: Youth urged to support security agencies in maintaining peace
3 hours