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The EU plans to increase the import of liquefied natural gas from Nigeria to end its energy dependence on Russia

The community bloc is the main consumer of Nigerian LNG, with a 14% share of total supplies in that market.

In an attempt to end its dependence on Russian gas, the Union Europe intends to increase imports of liquefied natural gas (LNG) from Nigeria, announced the deputy director general of the Department of Energy of the European Commission, Matthew Baldwin.

“Europe is in straits regarding gas”, said Baldwin during a press conference in the Nigerian capital of Abuja, indicating that this is due to the Russian operation in Ukraine, the “instability” in its gas market, and the “threat of a total cutoff” of supply.

A European delegation met this week with Nigerian government officials and representatives of the country’s energy companies. The meeting discussed the possibility to increase exports of LNG to the EU. “The main goal is to reach out to our trusted partners, like Nigeria, to replace gas from Russia,” he commented.

The European Union is the main consumer of Nigerian LNG and its share is 14% of total hydrocarbon supplies to that market. According to Matthew Baldwin, Nigerian gas companies have “extraordinary potential” to increase gas shipments in the short term, so the negotiations will continue at the end of August.

The largest gas importer in the world

The community block is the largest importer of LNG in the world. In 2021 bought 80,000 million cubic meters of this hydrocarbon. Among its main suppliers are the USA (28%), Qatar (20%), Russia (20%), Nigeria (14%) and Algeria (11 %).

Furthermore, Russia is the largest supplier of natural gas from the European Union, with a 41% share of total imports in 2021. However, due to geopolitical issues, Brussels has set itself the goal of reducing its dependence on Russian energy imports and is looking for alternatives.

LNG is processed gas to be transported in the liquid state by ship or truck tank. For its part, Russian natural gas is transported through gas pipelines and is cheaper.

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