Portugal to ramp up Nigerian and US LNG imports

Thursday, 23 January 2025
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Portugal plans to increase LNG purchases from the US and Nigeria, as it aims to end already dwindling supplies from Russia, the country’s Environment Minister, Maria da Graca Carvalho, said on Tuesday.

Portugal imported 49,141 GWh of natural gas in 2024, of which around 96% was LNG, data from electricity and gas grids operator REN showed.

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Nigeria accounted for 51% of those LNG deliveries, about 40% came from the US and around 4.4% from Russia.

In 2021, Russia accounted for 15% of Portugal's LNG supply.

"Portugal is now practically independent of Russian gas ... but we want to reduce this figure further by importing more gas from Nigeria and the US," Graca Carvalho told a panel at the World Economic Forum in Davos, according to economic website ECO.

ECO reported that the Minister had urged greater co-operation within the European Union to ensure energy independence and security, saying that Iberia was still an "energy island", as it had "been difficult to build interconnections with France."

Last modified on Thursday, 23 January 2025 10:24
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