Riverside LNG in Talks to Supply Gas to South Africa, Making History for Nigeria

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Nigeria-based Riverside LNG is in discussions to supply gas to South Africa, marking a potential historic deal between the two countries. Riverside LNG is optimistic about finalizing the gas supply agreement in the first quarter of 2024. The company, which previously signed a gas-export partnership agreement with Johannes Schuetze Energy Import AG of Germany, aims to expand its presence in Africa. David Ige, Riverside LNG’s CEO, highlighted the evolving gas market in the region, covering southern Africa, western Africa, northwest Europe, the Caribbean, and South America.

Key Points:

  • Riverside LNG is in talks to supply gas to South Africa, potentially marking the first such deal between the two countries.
  • The company hopes to finalize the gas supply agreement in the first quarter of 2024.
  • Riverside LNG previously signed a gas-export partnership agreement with Johannes Schuetze Energy Import AG of Germany.
  • CEO David Ige mentions an evolving gas market in the region, covering southern Africa, western Africa, northwest Europe, the Caribbean, and South America.
  • The discussions with South African counterparts are subject to confidentiality clauses, limiting the release of additional information.
  • Riverside LNG is actively exploring potential opportunities in other African countries, including Liberia and Cameroon.
  • Nigeria’s LNG exports in 2023 reached 12.5 million mt, with Spain, Portugal, and China among the major importers.

Source: Bloomberg

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