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/

“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'.

Charity begins abroad

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

SharingIsLife:

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

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

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.

Nice one

But we are gas sufficient in Nigeria

We are hungry in Nigeria. Epp o!

Showing off outside, yet your people at home are hungry

Nonsense

Make I no talk wetin dey my mind.

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

.

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

joke of a region

Omo! This Tinubu government Sha, always planning to

What is Nigeria ?

And it will sell cheaper there

Get Dangote to supply fuel to Nigerians fess.

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

Ikegwuru my brother

bablon20:
Make I no talk wetin dey my mind.

Talk am,nobody go beat you

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

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.

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.

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

Haters will soon come here to wail

To do this
To do that
To Promise no dey Taya APC?

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/

Do they have enough for the masses?

Good

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

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

Like Twiiter influencers doing giveaways to strangers.