EU to raise gas imports from Nigeria until 2027

The European Union plans to increase its gas imports from Nigeria to compensate for the gas supply deficit due to the Russia-Ukraine War, the EU Commissioner for energy said during her visit to a LNG plant in Nigeria.

Following the start of Russia’s military campaign in Ukraine in February last year, Europe substantially reduced its imports of Russian oil and gas. 

During a visit to the Nigeria LNG plant on Bonny Island in Rivers State, the EU official Kadri Simson said there was likely to increase gas import from Nigeria until 2027 as the EU transitions from fossil fuels.

The EU is accelerating its energy transition, but we also have a need to reinforce our ties with reliable LNG partners like Nigeria in the short-term horizon,” Simson said in a statement issued by Nigeria LNG. 

Nigeria’s exports to the EU counted 9 million metric tonnes, compared with total exports of 14.7 million metric tonnes last year, according to a report by S&P Global in August.