Can Nigeria exploit Russia-Ukraine war to capture EU gas market?

As EU seeks alternatives to dwindling gas supplies by Russia, Nigeria’s Ministry of Petroleum Resources says it has a number of enablers and initiatives to fill the gap as well as lift the nation’s oil and gas industry to greater heights.

The enablers to realise the potential of gas sector include the development of critical infrastructure and systems such as the declaration of the Decade of Gas.

In March 2021, President Muhammadu Buhari declared Jan. 1, 2021 to Dec. 31, 2030 as “The Decade of Gas Development for Nigeria”, primarily to set the road map towards a gas-powered economy by 2030.