Expert Urges Nigeria to Expand Gas projects to European Markets
An Oil and Gas Expert, Prof. Olanrewaju Aladeitan has urged Nigeria to take advantage of the vacuum created by the non-supply of oil to Europe by Russia and expand its gas projects to penetrate the European market.
Aladeitan, a Professor of Energy and Natural Resources, University of Abuja, said the major off-taker of Nigerian gas was in Europe and there were on-going viable projects to actualise that.
“This is where countries like Qatar and Nigeria come in,” he said.
He said the Russian-Ukraine war and the strategic position of Russian Gazprom, the strategic producer and supplier of gas, left some shortfalls in continental Europe, the UK and NATO allies.
“Now ordinarily, it is elementary business logic that vacuum created by the non-supply of oil by Russia should be taken advantage of by any other gas producer and this is where countries like Qatar comes in.
“So North Europe is looking at where to readily get supply to make up for the shortfall or non-supply from Russia.
“So, definitely, there is an implication, there is an effect of the Russian special operation or invasion on Ukraine on gas supply.
“Now gas countries, of which Nigeria is one and a country like Qatar are willing to take advantage of that opportunity of course, because there is a demand.
“But how do you take advantage of that particular gap that has been left as a result of the decision of Gasprom to withdraw supply from that region,” he asked.
On Nigeria’s preparedness to catch in on that opportunity, he said Nigeria took deliberate action, starting with the Nigerian Liquefied Natural Gas (NLNG) company in developing the gas sector.
This he said was in a bid to cut down on gas flare, and also to take advantage of the economic potential of the gas reserves in the country.
He said the major off-taker of Nigerian gas was in Europe, but how to reach there, and derive the utmost benefit, had also been of concern to the country.
According to him, it is why the idea of the TSGP project has always been there as piping the gas all the way through will cost less because the cost of transportation through the vessel was high.
“So if we can achieve the same aim through the Trans-Sahara pipeline, it will be fine.
“We also have the West African Gas Pipeline, which passes through Benin Republic, Togo to Ghana, and that has also been in the works for some time.
“This is what has informed Nigeria looking at constructing these pipelines to Europe and the gas can flow from there,” he said.
NAN/Hauwa Abu
