The NNPC said that the president is leading a high-powered Nigerian business delegation, Gas imported to a particular country in the continent, Portugal. Kyari also spotlighted the long-standing energy collaboration between the two countries, saying that Nigeria supplies 70 per cent of energy imports to the country. Kyari also noted that there were enough opportunities to grow the energy supply to Portugal.
Nigeria investing in infrastructure to shore up local supply The NNPC boss told people at the forum that Nigeria had invested in critical infrastructure in or to boost domestic gas availability and shore up supply on the international market.
Nigeria has a gas reserve of about 203.56 trillion cubic feet worth over $803.4 trillion. Nigeria has highest gas reserve in Africa, worth $800trn, says FG reported that the Nigerian government has said that the value of the country’s gas deposits stands at about 206.53 trillion cubic feet, estimated at $803.4trn which is the highest in Africa.
The federal government also stated that the European Union had suggested categorising natural gas as a green energy source which will affect Nigeria favourably going by its massive gas reserves.