Nigeria is set to begin supplying gas to South Africa in the first quarter of 2024, as revealed by David Ige, the Executive of Riverside LNG, a Nigerian energy company. This development comes as both countries have initiated serious discussions regarding energy collaboration. Earlier, Riverside LNG had also entered a partnership agreement with Germany's Johannes Schuetze Energy Import AG for gas export.
The move is significant as it taps into the evolving gas market within a 3,000 nautical mile radius of Nigeria, covering Southern and Western Africa, Northwest Europe, the Caribbean, and South America. This initiative is backed by Nigeria's substantial gas reserves, which the Nigerian National Petroleum Company Limited estimates to be around 202 trillion cubic feet (tcf). The commencement of gas supply to South Africa marks a critical step in regional energy cooperation and the utilization of Nigeria's vast natural gas resources.