The European Union (EU) will soon replace the gas from Russia with Nigeria’s gas following the invasion in Ukraine.

The European Union (EU) Delegation to Nigeria and ECOWAS disclosed this yesterday.

Deputy Director-General Department for (Energy), European Commission in Brussels, Mr Matthew Baldwin, said this at a news conference on Friday in Abuja.

“In summary, I am on a mission from Europe to try to deliver Liquefied Natural Gas (LNG) today in the context of NLG partnership tomorrow with Nigeria.

“Europe is in a tight spot in relations to gas, following the Russian invasion of Ukraine and the instability in our gas market and the threat of cutting off supply altogether.

“So, we have launched the energy platform task force and the primary goal is to reach out to our reliable partners such as Nigeria to replace the gas from Russia with gas from reliable partners,” he said.

According to him, you would have seen perhaps early this week, we launched a gas demand reduction plan and we are looking to reduce demand of gas by 15 per cent to manage the demand aspect of the equation.

“To be clear, we need to manage the supply side and that’s why we want to expand what is currently at 14 per cent shares of our total LNG import from Nigeria and we want it to go up.

“Our gas percentage was 60 per cent but now we want to go,’’ he said.

"Exciting news! TheNigeriaLawyer is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest legal insights!" Click here! .......................................................................................................................
143
Created on
The NBA Administration led by Y. C Maikyau, SAN.

In Your Opinion, Has Y. C Maikyau, SAN, Demonstrated Strong Leadership Qualities As The NBA President?

Min votes count should be 1
Unauthorized use and/or duplication of this material and other digital content on this website, in whole or in part, without express and written permission from TheNigeriaLawyer, is strictly prohibited _________________________________________________________________

School Of Alternative Dispute Resolution Launches Affiliate Program To Expand Reach

For more information about the Certificate in ADR Skills Training and the affiliate marketing program, visit www.schoolofadr.com, email info@schoolofadr.com, or call +2348053834850 or +2348034343955. _________________________________________________________________

NIALS' Compendia Series: Your One-Stop Solution For Navigating Nigerian Laws (2004-2023)

Email: info@nials.edu.ng, tugomak@yahoo.co.uk, Contact: For Inquiry and information, kindly contact, NIALS Director of Marketing: +2348074128732, +2348100363602.