- Minister of State for Petroleum Resources claims Nigeria will become Europe’s major gas supplier.
Timipre Sylva, Minister of State for Petroleum Resources, has affirmed that Nigeria is positioning itself as a significant gas supplier to Europe. Mr Sylva spoke on Tuesday during a panel session at the 50th Anniversary Edition of Gastech Conference 2022 in Milan, Italy.
The minister maintained that funding for gas development is a win-win for Europe and Africa. He said: “Today we are seeing gas being weaponised, and every country will at least require some alternative supply.
“So, we are positioning ourselves as an alternative supplier to Europe. We are already working with Algeria to build the Trans-Sahara Gas Pipeline to take our gas to Europe. We are also partnering with Morocco to extend the West Africa Gas Pipeline to Morocco and across the Mediterranean to Europe.
“We believe that Europe needs this gas, and it is a win-win for all of us, and it is in their interest to reduce these discriminatory investments that their banks are doing, he added.”
Mr Sylva said during a recent meeting with a European delegation to Nigeria; he had advised them to provide an appropriate policy framework for their banks to enable investment in oil and gas.