English>

Market News

$1bn natural gas sold to Portugal in 2022, says NNPC - PUNCH

JULY 03, 2022

The  Nigerian National Petroleum Company Limited on Thursday said it had sold over $1bn worth of natural gas to Portugal this year.

It disclosed this during the Nigeria-Portugal Business and Trade Forum, which held on the sidelines of the state visit to Portugal by Nigeria’s President, Major General Muhammadu Buhari (retd.).

Speaking at the forum, the Chief Executive Officer, NNPC, Mele Kyari, said Nigeria had been supplying energy to Portugal for decades.

Kyari’s comments and the visit by Buhari were tweeted via the official Twitter handle of NNPC on Thursday.

The national oil firm said, “President Muhammadu Buhari is on a state visit to Portugal for the second United Nations Ocean Conference.

“On the sidelines of the event, President Muhammadu Buhari is leading a high-level Nigerian business delegation to the Nigeria-Portugal Business & Trade Forum.

“On the President’s delegation is the CEO NNPC Ltd, Mallam Mele Kyari, who highlighted the age-long energy partnership between the two countries, stressing that Nigeria supplies 70 per cent of energy imports to the European nation.”

The oil firm further quoted the NNPC boss as saying, “This year alone, we have sold over a billion dollar worth of natural gas to Portugal.”

Kyari also noted that there were ample opportunities to grow energy supply to Portugal.

He told participants at the forum that Nigeria had invested in critical infrastructure to ensure domestic gas availability and increase gas supply to the international market.

SEE HOW MUCH YOU GET IF YOU SELL

NGN
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics