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$1Bn Natural Gas Sold To Portugal In 2022- NNPC

$1Bn Natural Gas Sold To Portugal In 2022- NNPC

$1Bn Natural Gas Sold To Portugal In 2022- NNPC

$1Bn Natural Gas Sold To Portugal In 2022- NNPC

On Thursday, the Nigerian National Petroleum Company Limited announced that it has sold Portugal natural gas worth more than $1 billion this year.

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It made this disclosure at the Nigeria-Portugal Business and Trade Forum, which was held in conjunction with Nigeria’s President Major General Muhammadu Buhari’s state visit to Portugal (retd.).

Mele Kyari, the Chief Executive Officer of NNPC, said during his speech at the summit that Nigeria had been supplying electricity to Portugal for many years.

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.

$1Bn Natural Gas Sold To Portugal In 2022- NNPC

“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 percent of energy imports to the European nation.”

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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 the 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.

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