Nigeria Ready To Supply Gas To Europe - Timipre Sylva - AMEBO ONLINE NEWSPAPER


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Nigeria Ready To Supply Gas To Europe - Timipre Sylva

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-Ukraine War: Nigeria Ready to Step in as Alternative Gas Supplier to Europe, Says Sylva

*NEITI: Export of 85% of Nigeria’s solid minerals to China poses economic risk

Following the war between Russia and Ukraine, which is threatening the supply of gas to European countries by Russia, the Minister of State for Petroleum Resources, Mr Timipre Sylva, has revealed that Nigeria is ready to offer its services as an alternative gas supplier to Europe.

He urged the European Union (EU) to increase investments in gas and hydrocarbons in Nigeria to enable the country to meet the bloc’s energy needs.

This is coming as the Nigeria Extractive Industries Transparency Initiative (NEITI), has declared that the emergence of China as almost the sole destination for Nigeria’s solid minerals resources export poses a risk to the country’s economy.

NEITI advised the federal government to develop a business relationship with other countries to reduce over-dependence on China.

Sylva spoke when he received a delegation led by the EU Ambassador to Nigeria and ECOWAS, Samuela Isopi on a courtesy call to his office in Abuja.

The minister’s call comes on the heels of the festering war between Ukraine and Russia, which threatens gas supply to European countries.

Russia currently supplies about 30-40 per cent of the EU’s gas needs.

In a statement issued yesterday by his Senior Adviser – Media and Communications, Mr Horatius Egua, the minister said Nigeria was ready to step in as an alternative gas supplier to Europe, urging the EU to encourage its oil and gas companies such as Shell, Eni, and Total Energies to scale up investments in the Nigerian gas sector.

“One of the things we warned against earlier was the speed with which EU was taking away investments in fossil fuels.

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