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Nigeria to send more LNG to Europe by next winter

09/07/2022 | 02:45pm EDT
Saudi Green Initiative Forum in Riyadh

MILAN (Reuters) - Nigeria will be able to send more liquefied natural gas (LNG) to Europe by next winter, Oil Minister Timipre Sylva said on Wednesday at the Gastech conference in Milan.

As Europe seeks alternatives to dwindling supplies of Russian gas, the minister said that security issues are delaying deliveries of more gas at the moment but Nigeria will build a pipeline Nigerian gas through Algeria to Europe.

Nigeria will soon take the final decision over the investment to build the infrastructure, the minister said, adding that the project is likely to cost more than $10 billion.

The Nigerian and Algerian state oil companies will be involved, Sylva said, adding that other private investors have also shown interest.

Italian energy group Eni may also be involved in the project, he said without elaborating.

"Everybody is welcome," he added.

(Reporting by Marwa Rashad, Francesca Landini and Francesco Zecchini; Writing by Federica Urso; Editing by Federico Maccioni and David Goodman)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL 3.00% 87.85 Delayed Quote.13.53%
S&P GSCI NATURAL GAS INDEX -0.34% 315.6663 Real-time Quote.81.39%
WTI 2.95% 82.008 Delayed Quote.5.74%
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