4 weeks ago
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Nigeria Liquefied Natural Gas Limited (NLNG) has urged African nations to determination beyond the relation of earthy worldly suppliers and instrumentality their spot arsenic cardinal players successful the planetary LNG market.
NLNG’s Deputy Managing Director, Mr Olakunle Osobu, successful a statement, made the remark portion addressing governmental and concern leaders astatine the 2025 Africa Energy Week successful Cape Town, South Africa.
The connection was issued by the company’s General Manager, External Relations and Sustainable Development, Dr Sophia Horsfall successful Port Harcourt connected Tuesday.
Speaking further, Osobu said Africa was nary longer a bystander successful planetary discussions connected vigor security, affordability, and sustainability, but a rising pillar of planetary supply, 1 which Nigeria had a work to lead.
He stated that with much than 850 trillion cubic feet of earthy state reserves, representing astir six per cent of planetary reserves, Africa was captious to the ongoing planetary vigor transition.
“Africa has the resources, positioning, and ambition to treble its stock of the planetary LNG marketplace wrong the adjacent decade,” helium said.
Highlighting Nigeria’s pioneering relation successful LNG development, Osobu pointed retired the ongoing NLNG Train 7 enlargement task which, helium said, would summation the company’s accumulation capacity.
“The Train 7 enlargement task volition summation our LNG accumulation capableness from 22 cardinal tonnes per annum (MTPA) to 30 MTPA.
“Our concern successful enlargement shows that Nigeria is driving LNG maturation not lone for exports but besides for home industries and vigor access.
“We indispensable beryllium that Africa tin present LNG that is secure, competitive, and sustainable,” helium added.
Osobu noted that the emerging LNG frontiers crossed the continent collectively represented much than 45 MTPA of imaginable caller supply.
According to him, with these additions, Africa’s LNG output could emergence from astir 70 MTPA contiguous to 120 MTPA by 2035, further consolidating the continent’s lasting arsenic a planetary LNG hub.
He pointed retired Africa’s strategical advantage, including shorter shipping routes to some European and Asian markets, but said that competitiveness, financing, and home vigor work remained the continent’s biggest challenges.
Osobu observed that countries specified arsenic the United States and Qatar were rapidly expanding their LNG capacities, portion planetary financiers progressively demanded low-carbon and decarbonised LNG projects.
“Therefore, Africa’s LNG travel indispensable onslaught a equilibrium betwixt reliably supplying the world, catalysing industrialisation crossed the continent, and demonstrating sustainability successful enactment with planetary decarbonisation goals,” Osobu said.
The station Nigeria calls for pan-African strategy to predominate LNG trade appeared archetypal connected Vanguard News.
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