Germany reveals interest in Nigeria’s gas market

ayodele johnson

February 12, 2016 9:31 AM

Nigeria is making great efforts to ensure that the LNG market becomes more viable and withstand the interest of stakeholders

NNPC

A delegate of trade representatives from Germany have indicated their interest in Nigeria’s gas supply market.

This is a huge boost as the country seeks to utilise all means available to improve its income base in the face of declining crude oil price which has not been favourable for the country.

Mr. Uwe Beckmeyer, the Vice Minister for Economic Affairs/Energy and member of the German Parliament made this known during a visit to the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu at the headquarters of the Nigerian National Petroleum Corporation (NNPC).

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Beckmeyer said Nigeria’s Liquefied Natural Gas will be quite useful to Germany and other European countries as they aim to reduce carbon dioxide in their environment.

“We have a lot of interest in LNG and I think this is one special thing we should develop in the next few years. I think there is increasing demand in Europe, especially as we seek to reduce emissions. It is useful for both sides to develop this special relationship.”

Kachikwu also said that Nigeria is also making great efforts to ensure that the LNG market becomes more viable and withstand the interest of stakeholders.

ayodele johnson