Germany Demands LNG Supply from Nigeria

LNGNigeria is arguably one of the most fortunate nations among the black race, particularly on the African continent. The land and environments are blessed with natural resources which are highly important in terms of universal business.

Another gate of economical breakthrough opened for Nigeria as the German government peaked interest in a mutual business relationship with the African giant. Germany’s Vice-Minister for Economic and Energy Affairs, also a member of the German Parliament; Uwe Beckmeyer made this known during his contingent visit to Nigeria last week.

While speaking in the office of the Minister of State for Petroleum Resources in Abuja, Beckmeyer expressed the interest of Germany in developing a business relationship with Nigeria, which would potentially rapidly enhance the supply of Liquefied Natural Gas (LNG).

He stated that even more European countries will join them in the demand of the product from Nigeria, specifically with the antecedent of energy industries set to reduce the emission of carbon dioxide (CO2) into the environment. Beckmeyer confirmed that Nigerian LNG is more preferable in the energy sector as it will help them curb the industrial pollution problem drastically, and also help the Nigerian economy.

In a welcome address presented by the Minister of State for Petroleum Resources; Emmanuel Ibe Kachikwu stated that the Nigerian oil and gas sector is ready to grab this business opportunity. He also said that the federal government is now working on the necessary procedures to activate the market of LNG, to develop a partnership with Germany in this and possible future ventures.