NNPC has signed five new Memoranda of Understanding with National Oil Companies from The Gambia, Ghana, Guinea, Guinea-Bissau, and Sierra Leone for the Nigeria-Morocco Gas Pipeline Project.
Equatorial Guinea’s Minister of Mines and Hydrocarbons, said his country has commenced talks with Nigeria on how to expand gas markets.
PetroNor has completed the acquisition of Panoro Energy’s ownership interest in the OML 113 oil and gas E&P license, offshore Nigeria.
According to The Minister of State of Petroleum Resources, H.E. Chief Timipre Sylva, NLNG would be able to provide gas to help ease Europe’s gas crisis.
Minister of State for Petroleum Resources, H.E. Chief Timipre Sylva noted that after the Russia-Ukrainian war, the EU must have an alternative source of gas and collaboration with Nigeria was paramount.
The MoU set to utilize Equatorial Guinea’s infrastructure to deliver Nigeria’s stranded gas.
H.E. President Muhammadu Buhari has committed to reducing emissions by 20% by 2030.
Achieving this will solidify the country’s potential of becoming a predominantly gas nation.