Nigeria is witnessing renewed global demand for its liquefied natural gas (LNG) cargoes, with buyers showing increased interest amid tightening supply conditions, according to officials from the Nigerian National Petroleum Company speaking at CERAWeek by S&P Global, as highlighted by Reuters.
The growing demand reflects shifting global energy dynamics, as geopolitical disruptions and supply constraints push buyers to seek reliable alternative LNG sources, positioning Nigeria as a competitive supplier in both European and Asian markets.
NNPC noted that its expanding role in LNG trading, supported by Nigeria’s vast gas reserves of over 200 trillion cubic feet, has helped increase its visibility among international buyers and strengthen its presence in global gas markets, Zawya.com reported.
Analysts say the surge in interest underscores Nigeria’s potential to capture greater market share in the LNG sector, especially as countries diversify supply sources and prioritise energy security in an increasingly volatile global environment.
