To seriously pursue its intention, Cote d’Ivoire Ministry of Energy has sent an official request to Nigerian government to point out its intention in liquefied petroleum gas supplies.
Mr Joseph Dawha, the Managing Director of Nigerian National Petroleum Corporation (NNPC) receiving the Ivorian delegation led by Mr Kone Moussa, a Director in Abuja, said that the NNPC was ready to cash in on the opportunity in line with its overall strategic expansion drive for Nigeria’s LNG (Liquefied Natural Gas) market.
It said the package, which was the first of its kind in the West African sub-region, would see Nigeria commit a small chunk of its daily LNG output to its sub-regional neighbours. Nigeria production for LNG currently stand at over three billion cubic feet of gas per day.
According to Mr Dawha, the supply arrangement already agreed with Ghana would eventually be extended to the West Africa gas pipeline to Cote d’Ivoire and Senegal, among the others.
He also said the first official requests coming from Cote d’Ivoire and Ghana were a major sub-regional boost to Nigeria’s move to seek broader frontiers for its LNG away from the traditional Asian-pacific hub.
Dr. Dawha emphasised that the move would help broaden the supply base. He was quoted saying:
“At the moment, the entire West African sub-region, starting from Nigeria, is undergoing phenomenal economic growth and that practically translates into a higher demand for energy.
As you know, the West African Gas Pipeline terminates in Ghana; so Cote d’Ivoire has come to request that we bring gas to them in the first instance by LNG and ultimately in the future by extension of the pipeline’’
According to the statement, The Group Managing Director of the NNPC, Dr Joseph Dawha, added that to fulfil the new demand Nigeria will be relying on structural diversion of LNG Cargoes from Nigeria as a starter within the next few months to tackle the growing energy needs.
We recall that earlier on Ghana had called on Nigeria to assist it overcome the negative impact of the recent gas supply disruption it is facing through the West Africa Gas Pipeline grid.
A delegation from Ghana led by the Minister of Power, Kwabena Donkor, was at the NNPC Towers searching for the support on recent unintended gas supply disruptions in the West Africa Gas Pipeline grid.
Also, Nigeria is one of the largest oil producers in Africa and one of the world’s leading exporters. Oil makes up to 83 percent of the Nigerian exports.
However, the global oil prices has plunged more than a third since June 2015. The national government states that the budget plan for 2015 to 2017 will be based on an oil price of $65 a barrel, showing a negative impact on Nigeria’s economy.