A Nigeria based gas production firm, Riverside LNG, has said it is in talks to supply gas to South Africa, in what would be the first such deal between the two countries.
Riverside LNG had earlier this year signed a gas-export partnership agreement with Johannes Schuetze Energy Import AG of Germany and is now looking for deals on the continent, the Chief Executive Officer of the firm, David Ige, said in an interview with Bloomberg.
Nigeria has Africa’s largest gas reserves, as the country has about 206 trillion cubic feet of gas reserves, making it a nation with more gas reserves than oil.
“We’d probably very early in the year close out another segment of the market, an off-take for South Africa,” said Ige, a former executive at the Nigerian National Petroleum Corporation, now known as Nigerian National Petroleum Company Limited.
“There’s a massively evolving gas market in the region, anything around 3,000 nautical miles of Nigeria. So that…