September 26, 2022

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By Maria João Pereira | Lusa.pt
20-09-2022 (updated: 20-09-2022 )
“We made a visit [to Nigeria] and we want to believe our suppliers,” Duarte Cordeiro said at a conference hosted by CNN in Lisbon, referring to a visit by the Portuguese government to Nigeria, the main national supplier of natural gas, at which time, according to the minister, the Nigerian government said that contracts will be fulfilled. [EPA-EFE/ANTONIO COTRIM]Languages: Italian

Portugal’s environment minister has said the government “wants to believe” that Nigeria, the main natural gas supplier, will fulfil supply contracts but acknowledged the risk of non-compliance could lead to price changes in Portugal.
“We made a visit [to Nigeria], and we want to believe our suppliers,” Minister Duarte Cordeiro said at a conference hosted by CNN in Lisbon, referring to a visit to the leading national supplier of natural gas and a pledge from the Nigerian government that contracts will be fulfilled.
“But there is a risk that they will not comply, Cordeiro said, adding that if the risk materialises, there could be “more expensive gas” or “price changes in the national market.”
He noted, however, that the country has more natural gas suppliers, which it has sought to diversify. But he called for action from Brussels about joint purchasing platforms, adding that “it was very important that the European Commission acted.”
Speaking at the same conference, the Chief Executive of Galp, Andy Brown, said the energy company had lost €135 million in gas imports to the Iberian Peninsula, in the first half of this year, due to supply interruptions from Nigeria.
In addition, the company’s leader warned that natural gas prices might rise due to the revision of contracts with Nigerian suppliers.
(Maria João Pereira/Lusa.pt)
Languages: Italian

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