Germany is reaching out to Nigeria for gas supply
| Due to the war in Ukraine, Germany is struggling with the lack of gas due to the decrease in imports from Russia, and has reached out to Nigeria to meet its gas needs and has concluded an agreement to import gas from this country. |
According to the report of the international group Tasnim news agency quoting Germany and Nigeria have agreed that the West African country will deliver gas to the Federal Republic of Germany. According to the presidency of Nigeria, both countries also agreed that Germany will invest 500 million dollars in renewable energy projects in Nigeria.
The gas trade was concluded between Nigeria’s Riverside LNG and Johannes Schuetze Energy Import. David Ige, president of GasInvest, one of the Nigerian partners who signed the letter, said: The project will initially deliver 850,000 tons of energy per year from Nigeria to Germany, and then expand to 1.2 million tons per year. The first delivery of gas is scheduled to leave Nigeria in 2026.
This is the first time that an energy supply contract has been signed between this most populous African country with the ninth largest natural gas reserves in The world and Germany, the largest gas consumer in Europe, will be signed.
According to the office of the President of Nigeria, another memorandum of understanding was signed between the parties, which includes 500 million dollars for It provides green energy projects in this West African country. Germany is also in talks with Siemens to participate in the supply of electricity in Nigeria. The African country’s power grid is unstable and there are frequent outages.
Bola Ahmed Tinubu, the president of Nigeria, has also expressed interest in the modernization of Siemens. and the expansion of Nigeria’s railway network will work.
On Monday, German Chancellor Olaf Schultz hosted the G20 “Dealing with Africa” summit in Berlin, where The representatives of the G20 countries met with the heads of states and governments of Africa. Tinubu, the president of Nigeria, was also present in Berlin for this summit.
Germany has been using Russian gas for years. Since Russia’s war against Ukraine, the German federal government has been trying to diversify its gas supply sources. Two percent of the liquefied natural gas required by Germany is to be supplied from Nigeria in the future.
Johannes Schütze, CEO of the importing company in Germany, said that this agreement is historic in several ways. . According to him, this is the first direct delivery of gas between Nigeria and Germany. He said: “This is a further step towards diversifying Germany’s gas imports.
Nigeria is one of the major producers of gas and oil. But due to the lack of refining capacity, this country imports a large part of the fuel it needs.
In this way, the German economy is ready to increase investment in Africa. In a recent study conducted by the German African Business Association and KPMG Management Consulting and made available to Reuters, 59% of the surveyed companies said that they want to expand their business in the African continent due to geopolitical crises.
Frank Walter Steinmeier, the Federal President of Germany, has also supported closer cooperation between the European Union and Africa. He said: If both sides define and implement common positions, they will have more weight on the world stage.
| Publisher | Tasnim News |
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