The European Union commission’s deputy director General, energy, Matthew Baldwin is in Nigeria over the EU’s quest to have Nigeria export more Liquified Natural Gas (LNG) to the European union as it seeks to move away from Russian energy dependency.
While addressing newsmen in Abuja, Baldwin said the new partnership will increase Nigeria’s energy supply to Europe above it’s current 60% level and also lead to more investments in the country’s energy sector.
Also Read: Oil Theft: EU, NNPC undertake fact-finding mission in Niger Delta
Nigeria is the fourth largest gas supplier to Europe currently exporting at least 40% of it’s Liquified Natural Gas LNG to Europe.
The European Union is seeking new partnership with Nigeria to expand this gas delivery to well above 60% as it plans to move away from Russian energy dependency.
The EU commission’s deputy director General for the department of energy, Matthew Baldwin who is in Nigeria on a fact finding mission says the new Partnership will lead to more investments in Nigeria’s energy sector as talks are already ongoing with some EU companies.
Nigeria currently has an LNG production capacity of 22.2 million tonnes perannum which is expected to increase to 30 million tonnes by 2030.
The EU is set to commit about 400million Euros to this new partnership.
(Editor: Nkoli Omhoudu)
