Nigeria, Other Countries Benefit As Europe Rushes to Africa for Gas

Nigeria, as one of the largest oil reserves in the world, is expected to see massive patronage from Europe during the boycott of Russian gas.

A huge energy crisis in eastern Europe has resulted from Russia’s invasion of Ukraine, forcing several countries to boycott its gas and oil.

Experts says, to stop its over-dependence on Russian energy, Europe is looking towards Africa for its natural gas imports.

Although, Nigeria has one of the largest has reserves in the world but has been unable to meet its quota due insufficient infrastructure still Nigeria and Algeria are in the top 10 largest producers of natural gas in the world.

Meanwhile, a major Gas project in Nigeria continues to raise hope as it boost more gas imports for Europeans.

Countries like Algeria, Nigeria and Niger have decided to construct a 4,000km (2,485) long trans-Saharan Gas Pipeline known as NIGA.

According to reports, as soon as the $21 billion pipelines is completed, it will transport about 30 billion cubic meters of gas per year to Algeria, passing through the existing network to Europe.

In a press release, Stefan Liebing, Chairman of the German-African Business Association said that Germany and Europe must immediately make up for what they missed in the last 20 years.