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Nigeria to send more LNG to Europe by next winter

Nigeria will be able to send more liquefied natural gas (LNG) to Europe by next winter, oil minister Timipre Sylva said on Wednesday, 7 September, at the Gastech conference in Milan.

8 Sep 2022

Nigeria's minister of state for petroleum resources, Timipre Sylva. Source: Reuters/Ahmed Yosri

As Europe seeks alternatives to dwindling supplies of Russian gas, the minister said that security issues are delaying deliveries of more gas at the moment but Nigeria will build a pipeline of Nigerian gas through Algeria to Europe.

Nigeria will soon take the final decision over the investment to build the infrastructure, the minister said, adding that the project is likely to cost more than $10bn.

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The Nigerian and Algerian state oil companies will be involved, Sylva said, adding that other private investors have also shown interest.

Italian energy group Eni may also be involved in the project, he said without elaborating.

"Everybody is welcome," he added.

Source: Reuters

Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.

Go to: https://www.reuters.com/