Nigeria's GDP growth forecast for 2020 was revised down to 2 percent to reflect the impact of lower international oil prices. Inflation is expected to pick up, while deteriorating terms of trade and capital outflows will weaken the country’s external position.

Nigeria has 202tn ft³ of proven gas reserves and an additional 600tn ft³ of unproven potential resources. Despite having the largest gas reserves in Africa, only c.25pc of these reserves are currently productive.

The UK will no longer fund coal projects overseas, British Prime Minister Boris Johnson announced today during his opening address at the UK-Africa Investment Summit in London. Instead, the government will "turbo-charge" its support for low-carbon energy sources, he said, noting that the UK has cut its CO2 emissions by 42% from the 1990 level. The country is the host of the next round of UN climate talks - COP26 - in November.

The project, expected to start up in 2024, will increase Nigeria's LNG output capacity by 35% from current levels of 22.5 million mt per year to over 30 million mt per year, NLNG said.

The Nigerian National Petroleum Corporation (NNPC) has a 20%stake in the plant some 60 miles (100 km) southeast of Lagos.

Europe’s imports of liquefied natural gas (LNG) have been steadily increasing since October 2018, and reached a new monthly record of 12.7 billion cubic feet per day (Bcf/d) in November 2019

“С удовольствием хотел бы отметить, что наши контакты стали более регулярными и насыщенными, а сотрудничество между компаниями из России и Нигерии планомерно нарастает. Мы приветствуем подписание «на полях» саммита «Россия-Африка» меморандума о взаимопонимании между ПАО “ЛУКОЙЛ” и нигерийской нефтяной госкорпорации Nigerian National Petroleum Corporation, при этом есть стремление к развитию и газового сотрудничества”, - подчеркнул глава Минэнерго России.

“Rosatom [the Russian nuclear company] is prepared to help our African partners in creating a nuclear industry,” Putin said, with “the construction of research centers based on multifunctional reactors.”

"We need to replace 70-90% of carbon resources of energy by 2050 in order to avoid overheating the Earth," he said, adding that two-thirds of the world's population still relies on biomass. An alarming projection, he said, is that by 2050 African nations will be consuming as much energy per capita as they do now, but their population will have doubled to 1.4 billion. "This will have dramatic implications for healthcare, employment and migration in the future," he said. "Only nuclear power can stop this migration by helping to develop the region."

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received today at the Qasr Al Bahar, participants in the Africa Investment Summit, AIS, which is being hosted by the Abu Dhabi Investment Authority, ADIA, to increase dialogue between global investors and African financial and corporate entities. They were accompanied by H.H. Sheikh Hamed bin Zayed Al Nahyan, Managing Director of ADIA.

Energy demand in Africa grows twice as fast as the global average, and Africa’s vast renewables resources and falling technology costs drive double-digit growth in deployment of utility-scale and distributed solar photovoltaics (PV), and other renewables, across the continent.

Speaking to African heads of state and representatives from Russian, African, and international business and government agencies, Rosatom Director General Alexey Likhachov yesterday emphasised the benefits of nuclear energy in job creation and regional economic development. At the Russia-Africa Summit in Sochi, Russia, Likhachov said global inequality in technological, industrial and socio-economic development was "acutely felt" in Africa.

With a second FID in just 2 years, Mozambique has officially positioned itself as a key player in the global gas and LNG market for years to come.

Russia and Ethiopia have signed an intergovernmental framework agreement on cooperation in the field of peaceful uses of atomic energy

Russia and Rwanda have signed an agreement to construct the first Centre of Nuclear Science and Technology (CNST) in Rwanda with participation of ROSATOM.