Nigeria has revealed plans to begin supplying gas to South Africa by the first quarter of 2024.
He highlighted the ongoing discussions between the two nations aimed at fostering substantial energy collaboration
The decision to supply natural gas from Nigeria to South Africa underscores the strategic importance of fostering cross-continental collaborations in the energy sector. As two major players in their respective regions, this partnership holds the potential to not only strengthen bilateral ties but also contribute significantly to the economic development and energy security of both nations.
In the interview, David Ige provided valuable insights into the intricacies of the planned gas supply. He emphasized the ongoing discussions between Nigeria and South Africa, highlighting the commitment to establishing a robust framework for this substantial energy collaboration. The executive of Riverside LNG expressed optimism about the positive impact this venture could have on the energy landscape of both countries.
David Ige, the executive of Riverside LNG, a Nigerian energy company, shared this development in a recent interview held in Abuja.
He highlighted the ongoing discussions between the two nations aimed at fostering substantial energy collaboration.
Notably, Riverside LNG had earlier in the year forged a gas-export partnership agreement with Johannes Schuetze Energy Import AG of Germany.
“We’d probably close out another segment of the market very early in the year, an off-take for South Africa.
“There’s a massively evolving gas market in the region, around 3,000 nautical miles of Nigeria. So that covers southern Africa, western Africa, all to northwest Europe and the Caribbean and South America broadly”, he said.
According to the Nigerian National Petroleum Company Limited, Nigeria has 202 trillion cubic feet (tcf) of untapped proven gas reserves.
The revelation that Nigeria will commence gas supply to South Africa in 2024 marks a historic milestone in the energy landscape of both nations. Beyond the economic implications, this initiative symbolizes a shared commitment to fostering sustainable energy practices, environmental stewardship, and cross-continental collaboration. As the two countries work towards realizing this ambitious venture, the world watches with anticipation, recognizing the potential for positive transformation and a strengthened alliance between Nigeria and South Africa.
