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Browsing: Germany natural gas imports
- In his business tour, President Steinmeier is leading government officials and investors from over 12 German companies.
- Tanzania expects to see an increase in trade relations with Germany, which has remains in favour of the European country.
- To further cement bilateral ties, German has agreed to return the remains of Tanzanian freedom fighters held in museums in Germany.
Germany’s President, Frank-Walter Steinmeier, is on a three-day state visit to Tanzania. With the high-profile visit, Tanzania expects to see an increase in trade ties with Germany, a relationship that has for decades remained in favour of the European economic giant.
President Steinmeier is leading government officials and investors from over 12 German companies. Tanzania hopes that his visit will serve to strengthen diplomatic, development and bilateral trade relations. Germany and Tanzania have shared a long history given that the later was a colony of the former until 1919.
President Steinmeier pledges
- Chancellor Olaf Scholz says German companies are looking for gas deliveries from Nigeria.
- At the moment, Germany imports huge volumes of crude oil from Nigeria, but no gas.
- Nigeria boasts the largest confirmed natural gas reserves in Africa, estimated at 202 trillion cubic feet.
Europe’s economic powerhouse Germany is considering the prospect of importing natural gas from Nigeria. This plan was revealed by Chancellor Olaf Scholz during an interview with Nigerian newspaper, The Punch.
Scholz is visiting Nigeria on a mission to reinforce bilateral relations with Africa’s largest economy. His visit, the third to Africa since he took power in 2021, marks a significant milestone in fostering economic cooperation. This trip holds particular significance as it is the German leader’s first visit to Nigeria since President Bola Tinubu’s election.
“Nigeria has the biggest gas supply in Africa,” Scholz told The Punch. “German companies are interested in gas …