European Union looks to Nigeria for Gas to replace Russian supplies

[TheNineClub]

If this pans out, I just wish Nigeria gets what they should and use that to improve the situation in the country. Hopefully that can bring some systemic change that is also needed, because money is only a part of the issue. Hiwever, I would also like to se a gradual reduction of gas dependency and a turn towards greener solutions.

[Mr.right85]

I have expected this to happen since the Russian and Ukrainian war started and the supply of gas and crude was cut off from Europe by Russia. Surely Europe can't stay comfortably without warning their houses. Africa and Asia seem to be the option for Europe but that visit to Nigeria by the commission says it all that Nigeria has been found as the preferred choice. This is suppose to make Nigeria to increase in gas production and it is also suppose to increase her national income but the refineries are not functional and most of the crude is still refined outside the shores of Nigeria. Nigeria is the 6th largest producer of crude but it has not reflected in her economy because refineries are not functioning

For this reasons as stated with no functional refineries even as the 6th world's producers, this news comes as a no breaker to me. Its all going to be the same with Nigeria, your not going to find any improvement as per economy instead, you'll see these things being catered out and the people remain in poverty.
It's that bad to have refineries and yet nothing works in them. Even at that, the staff continues to be paid huge because, they aren't exact out of jobs but, they aren't producing nothing and there are inflations everywhere you turn. A change of governance is really what we need right now and I really hope Nigerians gets to use the pools and give this nation a chance to go green again.

[kryptqnick]

Nigeria is an okay country (maybe not great, but they're not waging a bloody war to grab more land from a sovereign state, and also less authoritarian according to democracy index than UAE), and I think helping it out is a good thing to do. More importantly, it's crucial to ensure Russia runs out of money for the war as fast as possible, so any reasonable short-term solutions can be explored. I don't know if Nigeria will technically be up to the task, so more options should probably be explored, but I like this line of thought.

[davis196]

the supply of gas and crude was cut off from Europe by Russia.

It is the EU that does not want to buy gas from Russia; Russia does not cut anything off from the EU.

The natural gas export from Russia to Europe isn't under any EU sanctions right now, but the EU has declared that it will cut off Russian oil and gas completely after 10 years. I'm not sure that they are going to keep this promise. Putin is about to stop the gas supplies in the upcoming winter.
Countries like Nigeria, Algeria and Azerbaijan cannot replace the Russian gas for Europe. The USA can't do it as well. The EU countries will have to reduce the consumption of natural gas and find alternative fuels.
I don't know anything about the Nigerian gas industry, but I'm sure that Nigeria can't export larger quantities to Europe. There will be a global shortage of gas tankers.

[VKcams.com]

Putin is about to stop the gas supplies in the upcoming winter.

Who told you this interesting news?

"Western leaders have imposed a series of sanctions on Russian oil and gas following the invasion of Ukraine.

The EU has agreed to ban all Russian oil imports which come in by sea by the end of this year.

It will allow oil to continue to be imported by pipeline, with EU leaders saying this is a "temporary measure" because countries like Hungary and Slovakia depend on it.

The EU has also committed to reducing gas imports from Russia by two-thirds within a year, but it has been hard to get agreement on any further measures, such as an outright import ban.

In addition to these EU sanctions, the US has declared a complete ban on Russian oil and gas imports. The UK is to phase out Russian oil imports by the end of the year. ..."

https://www.bbc.com/news/58888451

[Cryptock]

the supply of gas and crude was cut off from Europe by Russia.

It is the EU that does not want to buy gas from Russia; Russia does not cut anything off from the EU.

The natural gas export from Russia to Europe isn't under any EU sanctions right now, but the EU has declared that it will cut off Russian oil and gas completely after 10 years. I'm not sure that they are going to keep this promise. Putin is about to stop the gas supplies in the upcoming winter.
Countries like Nigeria, Algeria and Azerbaijan cannot replace the Russian gas for Europe. The USA can't do it as well. The EU countries will have to reduce the consumption of natural gas and find alternative fuels.
I don't know anything about the Nigerian gas industry, but I'm sure that Nigeria can't export larger quantities to Europe. There will be a global shortage of gas tankers.

Now I have seen in the news that Biden has gone to Saudia Arabia for the oil and gas supply.
What they have done to themselves but putting in so many sections. NOw the oil prices have gone so high and there will be another episode of inflation around the globe.

[Asiska02]

The only problem though is the proceeds on these purchase. Nigeria is known to be plagued with corrupt government officials, but I guess that is a problem that the country has to solve on its own and the Europeans couldn't care less.

This is exactly how it is; they merely use Nigeria as a bait to get what they want, careless of the consequences of how they utilize the money. I only hope that the decision-makers managing this will consider and weigh dealings that will benefit the nation as a whole if not, then this is a no-go area for them.

[mm2543363580]

The only problem though is the proceeds on these purchase. Nigeria is known to be plagued with corrupt government officials, but I guess that is a problem that the country has to solve on its own and the Europeans couldn't care less.

This is exactly how it is; they merely use Nigeria as a bait to get what they want, careless of the consequences of how they utilize the money. I only hope that the decision-makers managing this will consider and weigh dealings that will benefit the nation as a whole if not, then this is a no-go area for them.

Now the EU is in trouble - USA is in trouble.
They were putting sanctions on Russia and now they are all in trouble and running here and there for the oil supply.
They thought they can weaken Russian but the putting sanction on them but they are in a very bad situation.

[TimeTeller]

The only problem though is the proceeds on these purchase. Nigeria is known to be plagued with corrupt government officials, but I guess that is a problem that the country has to solve on its own and the Europeans couldn't care less.

This is exactly how it is; they merely use Nigeria as a bait to get what they want, careless of the consequences of how they utilize the money. I only hope that the decision-makers managing this will consider and weigh dealings that will benefit the nation as a whole if not, then this is a no-go area for them.

If this story has somehow truth in it, then, the Nigerian government should see it as good opportunity.
Yes, they are known to have a corrupt government. But they can very well generate good income from this situation.
It may help their people alleviate the poverty level in so many ways. I hope their government see this as opportunity and not just another way to gain personal wealth.
Countries around the globe are looking for potential oil sources, not only EU, so hopefully, this crisis will give a very good chance for Nigeria to utilize their own resources and gain from this situation.

[VKcams.com]

Russia is not interested in stopping the export of fuel to Europe and will always be a reliable supplier, which guarantees the energy security of the EU countries "not declaratively, but de facto."
Peskov

https://ria.ru/20220725/turbina-1804747038.html

[paxmao]

At the same time, the EU, in addition to finding new suppliers, including Nigeria, adopts a resolution on a 15% reduction in the consumption of Russian gas. For review link: https://ec.europa.eu/commission/presscorner/detail/en/IP_22_4608

Shame on Robert Habek: no one wants to help him save energy

The EU Commission's plan to force member states to save energy turns out to be unrealistic just hours after the announcement. A number of EU countries are categorically against the idea put forward by Germany: Greece, Portugal, Poland, Cyprus, Hungary and Spain categorically reject the plan to collectively reduce energy consumption by 15 percent.

You have forgotten to say why, but I will do it for you: All the south of Europe is absolutely independent from RF gas exports. Portugal, Spain and Italy have liquefaction capability for 100% of their own demand. Why would these countries have to save gas? They are not getting it from Putin.

In fact Italy and to a point Spain will be supplying central Europe with Algerian gas.

Where you are trying to imply dissent, there is only but caveats on Putin's plans.

Russia is not interested in stopping the export of fuel to Europe and will always be a reliable supplier, which guarantees the energy security of the EU countries "not declaratively, but de facto."
Peskov

https://ria.ru/20220725/turbina-1804747038.html

Whatever ministers from RF say, it is meaningless. They are not in control of the country and have very limited information about what is going on.

[Zlantann]

Although this move would be quit expensive for European nations but they are desperate to gain energy freedom form Russia. This is because there are no guarantees that Russian invasion would end with Ukraine. Hence, there is an urgent need to secure the oil and gas future of Europe. Nigeria is a good alternative because the country possess enough natural and human resources but the only issue that would mar the smooth take-off and implementation of this trade partnership is corruption. Funds that would be budgeted to improve infrastructure to ensure the success of the project might end up in private accounts. EU most ensure that they carryout proper monitoring and auditing of this project if they want to get the best out of it.

[Sithara007]

Although this move would be quit expensive for European nations but they are desperate to gain energy freedom form Russia. This is because there are no guarantees that Russian invasion would end with Ukraine. Hence, there is an urgent need to secure the oil and gas future of Europe. Nigeria is a good alternative because the country possess enough natural and human resources but the only issue that would mar the smooth take-off and implementation of this trade partnership is corruption. Funds that would be budgeted to improve infrastructure to ensure the success of the project might end up in private accounts. EU most ensure that they carryout proper monitoring and auditing of this project if they want to get the best out of it.

Stupidity from EU guys has no limit. A school going kid would tell you that pipeline gas can never be replaced with LNG. On top of that they are talking about unreliable suppliers such as Nigeria. One thing is sure. After this war, the EU will be broke and it's industry will be completely destroyed. In a few years, Russia will divert their gas to China and other Asian countries and EU will still struggle to find enough supplies to keep it's industrial units running. Inflation and unemployment will reach sky high levels, and the stupid residents will still support warmongers like Green party.

[VKcams.com]

Whatever ministers from RF say, it is meaningless.

Since when did Peskov become a minister?

[paxmao]

Although this move would be quit expensive for European nations but they are desperate to gain energy freedom form Russia. This is because there are no guarantees that Russian invasion would end with Ukraine. Hence, there is an urgent need to secure the oil and gas future of Europe. Nigeria is a good alternative because the country possess enough natural and human resources but the only issue that would mar the smooth take-off and implementation of this trade partnership is corruption. Funds that would be budgeted to improve infrastructure to ensure the success of the project might end up in private accounts. EU most ensure that they carryout proper monitoring and auditing of this project if they want to get the best out of it.

The main problem is not finding a supplier and the EU trades well with many countries corrupt, despotic and anything else. Argelia has gas, the US has gas, Oman has gas...

The problem is that Germany's supply lines are built around getting a cheap supply by pipelines from Siberia. Bringing gas from overseas requires regasification facilities that take a few years to be built.

Whatever ministers from RF say, it is meaningless.

Since when did Peskov become a minister?

Officials.

...

Stupidity from EU guys has no limit. A school going kid would tell you that pipeline gas can never be replaced with LNG. On top of that they are talking about unreliable suppliers such as Nigeria. One thing is sure. After this war, the EU will be broke and it's industry will be completely destroyed. In a few years, Russia will divert their gas to China and other Asian countries and EU will still struggle to find enough supplies to keep it's industrial units running. Inflation and unemployment will reach sky high levels, and the stupid residents will still support warmongers like Green party.

You went to the wrong school. It can be replaced, it just takes time. But EU should not just do that, it should implement the true energy transition to a high level of renewables.

[NeuroticFish]

Whatever ministers from RF say, it is meaningless.

No matter who is telling what. Some are clueless and the rest are blatantly lying.


Now Gasprom has found another motif to cut the gas: an alleged problem with a turbine.
Russia’s Gazprom to slash gas to Germany, as Putin fosters uncertainty in Europe
I wonder where will be the end of this sad game.

[VKcams.com]

Now Gasprom has found another motif to cut the gas

Weren't you told that they increased the pressure through Ukraine?
This ridiculous hysteria is designed for incompetent listeners.

https://www.reuters.com/business/energy/ukraine-says-russia-increases-gas-pipeline-pressure-without-prior-notice-2022-07-26/

[be.open]

Now Gasprom has found another motif to cut the gas: an alleged problem with a turbine.
Russia’s Gazprom to slash gas to Germany, as Putin fosters uncertainty in Europe
I wonder where will be the end of this sad game.

I don't understand Europe's whining about Gazprom. Europe has frozen Russian money (having shown itself to be an unreliable buyer), Europe has already imposed seven packages of sanctions against Russia, Europe has openly declared economic war on Russia, Europe has nationalized Gazprom's underground storage facilities, Europe is cultivating Russophobia and the abolition of Russian culture - so why is Europe complaining about a decrease in supplies gas? Rejoice that at least 20%, not zero.

Walk around the market, look for cheaper places. In Nigeria? Good luck. In Africa, former European colonizers are respected and loved. And in general, the plan to replace Russia with the most criminalized country in Africa looks reliable like a Swiss watch.

[harapan]

I’m not surprised to say the least about this move by the European Union to go looking for alternative suppliers of energy elsewhere. Having been so indebted to Russia for far too long for its energy supply, the European Union and the west in general must look to other sources of oil.
With Bidens visit to Saudi Arabia to implore them to increase production and supply of oil, It’s not a surprise to see world leaders looking elsewhere to satisfy their energy needs.

[NeuroticFish]

I don't understand Europe's whining about Gazprom.

Of course you don't, since you chose to trust Putin's propaganda instead of fact-checking everything.
Of course you don't, since you chose to ignore everybody who tells that Putin uses the gas as a war weapon.

But yeah, I don't know why I'm even answering. But at least I won't answer to your friend.