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Nairaland Forum / Nairaland / General / Business / Nigeria To Begin To Supply Gas To South Africa From 2024 (13025 Views)
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Nigeria To Begin To Supply Gas To South Africa From 2024 by thisweekng: 8:41am On Dec 27, 2023 |
In a groundbreaking move, Riverside LNG, a prominent Nigerian energy company, has disclosed ongoing discussions regarding a potential agreement to supply gas to South Africa starting from the first quarter of 2024. This development marks the initiation of what could be the first-ever gas deal between Nigeria and South Africa, signaling a potential collaboration in the energy sector. CEO David Ige, in an exclusive interview in Abuja, revealed the company’s strategic focus on expanding its reach across the continent. Earlier this year, Riverside LNG formalized a gas-export partnership with Johannes Schuetze Energy Import AG of Germany, demonstrating its commitment to international collaborations. “We’d probably very early in the year close out another segment of the market, an off-take for South Africa,” Ige stated. “There’s a massively evolving gas market in the region, covering southern Africa, western Africa, all to northwest Europe and to the Caribbean and South America broadly.” While emphasizing the confidentiality of ongoing discussions, Ige refrained from providing specific details about the negotiations with South African counterparts. The company is simultaneously exploring potential opportunities in Liberia and Cameroon, further solidifying its position as a key player in the African energy landscape. Strategic Implications for South Africa: Addressing Power Shortages and Embracing Renewables Key Considerations: South Africa’s persistent power shortages due to ageing and inadequately maintained power stations managed by Eskom Holdings SOC Ltd. Delays in procuring extra electricity from private providers due to grid constraints and legal disputes. Lack of an LNG facility in South Africa; deliveries from the Riverside LNG project expected to start in 2027. Shifting towards renewable energy sources with a goal to achieve 60 gigawatts of power from renewables by 2030. Regional Dynamics: Southern African Development Community endorses a $17 billion plan for natural gas infrastructure to enhance energy provisions in the region. Investments in pipelines and terminals for both local and imported supplies. Riverside LNG’s potential gas supply deal with South Africa aligns with the nation’s efforts to diversify its energy sources, moving away from coal dependence. With 80% of electricity production currently reliant on coal, South Africa aims to achieve a significant portion of its power from renewables by 2030. CEO David Ige emphasized the broader opportunities for Nigeria, stating, “We see a huge opportunity for Nigeria in being a trading hub.” The evolving gas market in the region presents a strategic advantage for Nigeria to position itself as a pivotal player in the global energy trade. https://thisweekng.com/nigeria-to-begin-to-supply-gas-to-south-africa-from-2024/ 9 Likes 3 Shares
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Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by SharingIsLife(m): 8:50am On Dec 27, 2023 |
“There’s a massively evolving gas market in the region, covering southern Africa, western Africa, all to northwest Europe and to the Caribbean and South America broadly.”We're gearing to supply everywhere but lack it ourselves. Wow! We're so 'selfless'. 107 Likes 7 Shares |
Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by thesicilian: 9:42am On Dec 27, 2023 |
Charity begins abroad ![]() 118 Likes 5 Shares |
Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by Macphenson: 6:28pm On Dec 27, 2023 |
I hope they are not considering ro do this with south east huge deposit of gas. 40 Likes 3 Shares |
Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by Ikaeniyan0: 7:12am On Dec 28, 2023 |
SharingIsLife:Are you trying to say there's shortage of gas in Nigeria? 3 Likes 1 Share |
Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by Haydens: 2:16pm On Dec 28, 2023 |
When they are sell 1kg of gas for 1.2k ? Nigeria is a joke, something wey we never get finish naim the wan dey export. Just get small change and flee from this goddamn CUNTry. 27 Likes 1 Share |
Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by INTEGRITYA1(m): 2:16pm On Dec 28, 2023 |
Nice one |
Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by porthouse7(f): 2:17pm On Dec 28, 2023 |
But we are gas sufficient in Nigeria |
Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by Beuberry(f): 2:17pm On Dec 28, 2023 |
We are hungry in Nigeria. Epp o! 2 Likes |
Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by MrDoGood(m): 2:17pm On Dec 28, 2023 |
Showing off outside, yet your people at home are hungry 31 Likes |
Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by NoSmoking: 2:18pm On Dec 28, 2023 |
Nonsense |
Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by bablon20(m): 2:18pm On Dec 28, 2023 |
Make I no talk wetin dey my mind. 1 Like |
Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by Thundafireseun: 2:18pm On Dec 28, 2023 |
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Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by Ireportlive: 2:19pm On Dec 28, 2023 |
![]() The luckiest President ever is President Bola Ahmed Tinubu Federal Government revenue streams is about to multiply in several folds Upon completion of Nigeria - Morroco - Europe Gas pipeline ... Tinubu's Government would be making Billions in dollars from Gas Upon completion of Dangote Refinery, Nigeria would be supplying Petroleum product accross Africa and earning dollars for Foreign Reserve NNPLC Refinery would cater for domestic needs just like other modular refinery in Edo . 10 Likes 2 Shares |
Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by porthouse7(f): 2:19pm On Dec 28, 2023 |
Macphenson:joke of a region 12 Likes 2 Shares |
Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by Brendaniel: 2:19pm On Dec 28, 2023 |
Omo! This Tinubu government Sha, always planning to |
Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by Antoeni(m): 2:19pm On Dec 28, 2023 |
What is Nigeria ? |
Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by IamRichards: 2:19pm On Dec 28, 2023 |
And it will sell cheaper there ![]() 1 Like |
Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by Acidosis(m): 2:19pm On Dec 28, 2023 |
Get Dangote to supply fuel to Nigerians fess. |
Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by Domistar5(f): 2:20pm On Dec 28, 2023 |
MrDoGood: Ikegwuru my brother 3 Likes |
Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by IamRichards: 2:20pm On Dec 28, 2023 |
bablon20:Talk am,nobody go beat you ![]() 2 Likes |
Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by SensualMan1(m): 2:20pm On Dec 28, 2023 |
Lol. Funny a country that can't even meet it's immediate demand is talking about exporting to a better well to do nation. Well go on, after exporting to SA u will in turn import from them again ![]() Import/export warehouse economy ![]() 7 Likes 2 Shares |
Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by ottersberger(m): 2:20pm On Dec 28, 2023 |
I'd be thrilled to see Nigeria sell Yoruba gas, Fulani gas. Failing that, you are parasites, and it is disrespectful to talk down on people who feed you. 11 Likes |
Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by kenny714433(m): 2:21pm On Dec 28, 2023 |
South Easterners were always calling us all sort of unprintable names because FG took the crude oil from us without our place looking like Dubai. Now that the focus will be on their gas also, I'll see what they will do. 2 Likes |
Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by b0rn2fuck(m): 2:21pm On Dec 28, 2023 |
I hope it's true, but the hardship on the economy need to be reduce first. We cannot keep selling while we can't afford to eat 4 Likes 1 Share |
Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by DDIA: 2:21pm On Dec 28, 2023 |
Haters will soon come here to wail ![]() |
Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by bennybuhari: 2:21pm On Dec 28, 2023 |
To do this To do that To Promise no dey Taya APC ![]() ![]() 4 Likes |
Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by chukwuoke(m): 2:21pm On Dec 28, 2023 |
thisweekng: Do they have enough for the masses? |
Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by Carmall(m): 2:22pm On Dec 28, 2023 |
Good |
Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by braveboi4life: 2:22pm On Dec 28, 2023 |
Hypocrisy is when you are domestically insufficient yet you want to impress the international community Our industries are still lacking gas, our power stations are stilled starved of gas, our LPG consumption is still insufficient Yeye 5 Likes |
Re: Nigeria To Begin To Supply Gas To South Africa From 2024 by DissTroy(m): 2:22pm On Dec 28, 2023 |
MrDoGood: Like Twiiter influencers doing giveaways to strangers. |
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