Nigeria has declared that starting in the first quarter of 2024, it will start supplying gas to South Africa.
In a recent interview in Abuja, David Ige, the Executive of Riverside LNG, an energy company based in Nigeria, revealed this.
He claims that both countries have initiated serious talks about energy cooperation.
Johannes Schuetze Energy Import AG of Germany and Riverside LNG signed a collaboration agreement for gas exportation earlier this year.
We would most likely shut out a different market segment—an off-take for South Africa—very early in the year.
Around 3,000 nautical miles off the coast of Nigeria, there is a rapidly changing gas market in the area. Thus, that encompasses all of northwest Europe, the Caribbean, and South America in general as well as southern and western Africa, he said.
Nigeria possesses undeveloped proved gas reserves estimated to be 202 trillion cubic feet (tcf) by the Nigerian National Petroleum Company Limited.