Portugal to import more US, Nigerian LNG, goals to | Commodities
LISBON (Reuters) – Portugal plans to increase purchases of liquefied (LNG) from the USA and Nigeria because it goals to finish already dwindling provides from Russia, Setting Minister Maria da Graca Carvalho mentioned on Tuesday.
Portugal imported 49,141 gigawatt-hours (GWh) of natural gasoline in 2024, of which round 96% was LNG, knowledge from electrical energy and gasoline grids operator REN exhibits.
Nigeria accounted for 51% of these LNG deliveries, about 40% got here from the USA and round 4.4% from Russia.
In 2021, Russia accounted for 15% of Portugal’s LNG provide.
Following Russia’s invasion of Ukraine in February 2022, the European Union has applied focused sanctions on Russian oil and gasoline imported by means of pipelines, however has not prevented the import of LNG transported by ship into Europe.
“Portugal is now practically independent of Russian gas … but we want to reduce this figure further by importing more gas from Nigeria and the United States,” Graca Carvalho advised a panel on the World Financial Discussion board in Davos, in line with financial web site ECO.
U.S. President Donald Trump has threatened the European Union with tariffs if international locations don’t increase their purchases of U.S. vitality.
ECO reported the minister urged better cooperation within the 27-nation European Union to make sure vitality independence and security, saying Iberia was nonetheless an “energy island” because it had “been difficult to build interconnections with France”.
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