Afrigather 
A Nigeria primarily based fuel manufacturing agency, Riverside LNG, has mentioned it’s in talks to provide fuel to South Africa, in what could be the primary such deal between the 2 international locations.
Riverside LNG had earlier this yr signed a gas-export partnership settlement with Johannes Schuetze Vitality Import AG of Germany and is now searching for offers on the continent, the Chief Govt Officer of the agency, David Ige, mentioned in an interview with Bloomberg.
Nigeria has Africa’s largest fuel reserves, because the nation has about 206 trillion cubic ft of fuel reserves, making it a nation with extra fuel reserves than oil.
“We’d most likely very early within the yr shut out one other phase of the market, an off-take for South Africa,” mentioned Ige, a former government on the Nigerian Nationwide Petroleum Company, now referred to as Nigerian Nationwide Petroleum Firm Restricted.
“There’s a massively evolving fuel market within the area, something round 3,000 nautical miles of Nigeria. In order that covers Southern Africa, Western Africa, all to North-West Europe and to the Caribbean and South America broadly,” Ige added.
Learn Additionally:
South Africa faces continual energy outages with the nation’s outdated and poorly maintained energy stations, unable to maintain up with demand.
South Africa at the moment doesn’t have a facility to obtain Liquefied Pure Gasoline. Deliveries from the undertaking gained’t begin till 2027, so there’s “sufficient time for import terminal infrastructure,” Ige mentioned.
The nation depends on coal for four-fifths of its energy era, however with investments unlikely within the sector, it’s now renewable sources to generate as a lot as 60 gigawatt of its energy wants by 2030.
The Federal Authorities and personal operators within the oil and fuel sector have been making efforts to ramp up fuel manufacturing in-country.
On December 21, 2023, as an illustration, the federal government said that the importation of Liquefied Petroleum Gasoline, popularly referred to as cooking fuel, would cut back after the Christmas break, because the Port Harcourt refinery would begin pumping out refined merchandise.
The Minister of State Petroleum Assets (Gasoline), Ekperikpe Ekpo, had said that the Port Harcourt refinery would produce cooking fuel, including that this could lead a discount within the importation of the commodity.
