porthouse7:
joke of a region

SharingIsLife:

We're gearing to supply everywhere but lack it ourselves. Wow! We're so 'selfless'.

thesicilian:
Charity begins abroad

McStoic:


Calm down fess bro. Na gradually

YeyeGbami:


The thing cost now, e suppose be like #300/kg before we start thinking of sending it abroad

thisweekng:
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/

Bigchristo:
Stupid country, the citizens don’t have enough gas yet while we are buying expensive at 1,050 per KG you want to supply SA, charity begins at home but e be like Naija own na outside e for begin 😂💔

MrDoGood:
Showing off outside, yet your people at home are hungry

DDIA:





But Basic Economics is done in higher institutions too na!

thesicilian:
Charity begins abroad

porthouse7:
But we are gas sufficient in Nigeria

Ikaeniyan0:
E cost no mean say e no dey available.

Macphenson:
I hope they are not considering ro do this with south east huge deposit of gas.

winterfell007:
To those who are saying Nigeria is ill-capable. Let me burst your bubble. Nigeria has the largest gas reserve of gas. A 120 trillion gas cubic meter of discovered gas and a potential discovery of 600 trillion cubic meter of Gas. That's unmatched in Africa. Even Algeria, our closest rival in gas reserves don't even come close. Nigeria has the capacity to supply the West African region with Gas for industries hence she built the West African Gas Pipeline (WAGP) which is currently being redoubled in capacity to meet growing needs. Also we have the NLNG that is supplying Nigeria with about 45% of her gas needs. It is also worthy to note that with the completion of the Dangote Refinery, Nigeria has met 100% of gas needs because that refinery has a part of it that's designed to supply LPG to the Nigerian market and beyond.
Nigeria has unmatched reserves of gas from the Anambra basin in Anambra all the way down to the Niger-delta and the offshore region. You should be expecting to see contracts like this because The FG has declared this decade as the "Decade of Gas." This initiative has long been in the works since the administration of GEJ and successors after him. NNPC has been pioneering, supporting and making significant investment in too many gas initiatives like the OB3 pipeline, the AKK Pipeline for the northern region and the ANOH gas project being done by Shell, Seplat and NNPC in the Imo Basin.

Macphenson:
I hope they are not considering ro do this with south east huge deposit of gas.

PureFace1:


South East gas belong to Nigeria

BloomingDale:
Yoruba and South Africa making deals with Igbo gas? Let me spread my mat here.

thisweekng:
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/

Ikaeniyan0:
Are you trying to say there's shortage of gas in Nigeria?

OldSkoolHeadBoy:
You guys are always quick to comment to rubbish your fatherland, without doing a critical thinking about the issues. Oil & Gas business is a semi-private initiative and if you are that concerned, all you have to do is to source for your own funds to be a player in the industry. If you read carefully and slowly this time around, you will notice the name of the company mentioned is called RIVERSIDE LNG and not NNPC. That is a private company and not the Nigerian state itself.

COMPREHENDE ?

PureFace1:


South East gas belong to Nigeria

Haydens:
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.

thisweekng:
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/

siant:
na for free of charge they wan give them?