The European Union (EU) has disclosed plans to replace gas from Russia with Nigeria’s gas following the invasion in Ukraine.
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.