Nigeria has stated that it will begin supplying gas to South Africa in the first quarter of 2024.
In a recent interview in Abuja, David Ige, the Executive Director of Riverside LNG, a Nigerian-based energy company, revealed this.
According to him, both countries have begun significant energy partnership conversations.
Riverside LNG signed a gas-export collaboration agreement with Johannes Schuetze Energy Import AG of Germany earlier this year.
“We’d probably close out another market segment early in the year, an offtake for South Africa.”
“A massively evolving gas market exists in the region, approximately 3,000 nautical miles from Nigeria.” So that covers southern Africa, western Africa, all the way to northwest Europe, the Caribbean, and South America in general,” he explained.
Nigeria has 202 trillion cubic feet (tcf) of undeveloped proved gas reserves, according to the Nigerian National Petroleum Company Limited.