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Nigerian Firm Plans First-Ever Gas Supply Deal to South Africa

By Ronald Adamolekun

Nigeria firm plans gas supply to S'Africa

“We’d probably very early in the year close out another segment of the market, an off-take for South Africa,” David Ige, the CEO of the Lagos-based energy firm, said.

Nigeria will kick off the delivery of gas to South Africa for the first time in the history of trade relations between the two nations if talks between Riverside LNG and counterparts in Africa’s most industrialised nation succeed.

“We’d probably very early in the year close out another segment of the market, an off-take for South Africa,” Bloomberg quoted David Ige, the CEO of the Lagos-based energy firm, as saying in an interview.

“There’s a massively evolving gas market in the region, anything around 3,000 nautical miles of Nigeria. So that covers southern Africa, western Africa, all to northwest Europe and to the Caribbean and South America broadly.”

In November, Riverside LNG signed a pact with Johannes Scheutze Energy Import AG in Germany regarding renewable energy and a gas export deal worth $500 million.

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