Browsing: Nigeria exports gas

  • Nigerian National Petroleum Corporation (NNPC) and its joint venture partners will gain monetary value from gas that would have been stranded offshore
  • The Africa Energy Chamber has backed the MoU calling for the rapid implementation of the deal
  • Nj Ayuk, the Executive Chair of the Africa Energy Chamber, said that the agreement will position West Africa as a global gas hub

Liquefied Natural Gas (LNG) is the new gold, especially with what is happening in Ukraine following Russia’s invasion.

As it is, “The world needs gas, and Africa can supply it.” This is according to Nj Ayuk, the Executive Chair of the Africa Energy Chamber (AEC). The journey for Africa is just beginning with Nigeria signing an MoU on processing LNG for export at facilities in Equatorial Guinea.

Nigerian Minister for Petroleum Resources, Timipre Sylva, signed the agreement with Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial