• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Sunday, June 1, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Natural Resources

Nigeria urges EU to step up investments in Gas infrastructure in Nigeria

Gas

The Matters Press by The Matters Press
March 27, 2022
Reading Time: 3 mins read
0
Nigeria targets Trans Saharan, Europe gas market

The Federal Government has urged the European Union (EU), to step up investments in gas and hydrocarbon in Nigeria to be able to meet the bloc’s energy needs.

RELATED POSTS

Senate’s stance on Nigeria’s Legislature-Executive Relationship, thrilling

Tinubu explains mission as he marks second year in office

Increasing oil rigs, a big score for Nigeria’s petroleum sector reforms

The call is coming 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 EU’s gas needs.

Speaking during a courtesy call by the EU Ambassadors to Nigeria led by Amb. Samuela Isopi, Minister of State Petroleum Resources, Chief Timipre Sylva said Nigeria was ready to step in as alternative gas supplier to Europe.

In a statement on Saturday, by his Senior Adviser (Media and Communications) Horatius Egua, Sylva urged 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.

“We warned that the speed was faster than they were developing renewable energy. You can see now that what we were warning against is what is happening now,” the minister said.

He told the delegation that what stunted growth in the development of gas in Nigeria was fresh investments, and called for a change of attitude on the part of EU if its requests to increase supplies to Europe would be realised.

According to the minister, one of the biggest challenges the sector has are lack of investments.

“In the last 10 years, over 70 billion dollars worth of investments came to Africa, but sadly less than four billion dollars came to Nigeria.

“Surprisingly, we are the biggest in Africa. If we cannot attract investments to Nigeria, you know where we are heading.

“You have been our long time friend. As at today, our gas reserve is one of the biggest in the world. We have a proven gas reserve of 206 tcf and if we really focus on gas exploitation we can get up to 600 tcf.

“We are already building gas infrastructure such as the Ajaokuta-Kaduna-Kano (AKK) pipeline project, expected to take gas to Algeria, and the West Africa Gas Pipeline project designed to take gas to Morroco,” Sylva stated.

The minister further said that after the Russia-Ukrainian war, EU must have a buffer or an alternative source of gas, and collaboration with Nigeria in that regard was paramount.

He reiterated Nigeria’s commitment to working with the EU to bridge the gap in terms of gas, adding that from the Russian-Ukranian crisis, it was evident that gas had been weaponised and unless it created an alternative, it would only get worse.

He reassured the EU diplomats of Nigeria’s readiness to be an alternative supplier of gas to the EU, but urged its companies operating in the country to investment more here.

“We would like to be reliable partners to solve the energy problem in Europe and we can only achieve this by working together. It is only when investment in these areas is increased that Nigeria can meet that obligation,” Sylva said.

While emphasising the need for transfer of technology in gas and renewable energy, he said Africa must be allowed to continue to exploit its hydrocarbon deposits to develop the continent.

In her response, Isopi urged Nigeria to take advantage of the opportunity offered by the present crisis in Europe to shore up gas supplies to Europe.

She appealed to Nigeria to step into that gap supply chain as an alternative to Russia, adding that the country must not allow the opportunity to pass it by.

While reflecting on the security situation in the Niger Delta that drastically impacted on gas supply in the last few years, Isopi urged the Nigerian government to step up security in the region to guarantee gas supply to EU member states.

She particularly expressed concern over the spate of attacks on Shell, Eno and Total Energies’s gas infrastructure that led to the declaration of force majure by the companies and noted that the development was of great concern to Europe.

“The recent developments in the Niger Delta is of great concern to us,” she said.

The envoy added that the EU was however, reassured by the recent visit by Sylva and other top government officials to the site of the vandalised infrastructure in the region.

The French Ambassador to Nigeria, Amb. Emmaunelle Blatmann, who went back memory lane on the diplomatic relations between Nigeria and France, said in spite of the current challenges in the sector, French companies were ready to commence new investments in Nigeria.

Other ambassadors who spoke in support of a strengthened economic and diplomatic relations between the EU and Nigeria, were the Spanish Ambassador to Nigeria Juan Sell, Portuguese Ambassador Luis Barros, and Italian Deputy Head of Mission, Tarek Chazli.

Tags: Gas
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Senate probes $3.5b with NNPC
Economy/Technology

Senate’s stance on Nigeria’s Legislature-Executive Relationship, thrilling

May 30, 2025
Nigerians to own brand new vehicles, goods through new credit scheme initiative
Economy/Technology

Tinubu explains mission as he marks second year in office

May 29, 2025
Chevron, NNPC secure $1.4bn for drilling project
Economy/Technology

Increasing oil rigs, a big score for Nigeria’s petroleum sector reforms

May 26, 2025
Group hails Presidential Council initiative, welcomes President Tinubu’s N2tn stabilisation package
Economy/Technology

Pope’s invitation to Tinubu reflects Nigeria’s relevance in global affairs -TMSG

May 24, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
Economy/Technology

Tinubu espouses Nigeria’s unity, diversity at Pope Leo’s inauguration

May 22, 2025
Eulogising Africa’s efforts in midwifing a Covid-19 vaccine
Economy/Technology

Nigeria’s ongoing health reform gets global endorsement with Pate’s honour by Time Magazine

May 21, 2025
Next Post
Nigeria’s ruling party emerges from crisis with New executive committee

Nigeria’s ruling party emerges from crisis with New executive committee

Missing fighter jet found dead

Missing fighter jet found dead

Recommended Stories

Senate probes $3.5b with NNPC

Senate’s stance on Nigeria’s Legislature-Executive Relationship, thrilling

May 30, 2025
N125bn MSMEs intervention: IT critical to ensuring transparency – ITSSP

NBCC, others in collaboration to enhance MSMEs’ efficiency

October 7, 2023
SMEDAN to disburse N5.2m start-up grants to cooperatives

SMEDAN tasks youths on entrepreneurship for wealth creation

June 2, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Senate’s stance on Nigeria’s Legislature-Executive Relationship, thrilling
  • Tinubu explains mission as he marks second year in office
  • Increasing oil rigs, a big score for Nigeria’s petroleum sector reforms

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us