Portugal has indicated plans to increase the purchases of Liquefied Natural Gas from Nigeria and the United States as part of efforts to reduce dependence on the already dwindling supplies from Russia.

Portugal plans to increase purchases of liquefied natural gas (LNG) from the United States and Nigeria as it aims to end already dwindling supplies from Russia, Environment Minister Maria da Graca Carvalho said on Tuesday.

Portugal increases LNG imports from the US and Nigeria while ending Russian gas supply, amidst a shifting European energy landscape and rising gas prices.

Nigeria has been admitted as a “partner country” of the BRICS bloc of developing economies. BRICS was formed by Brazil, Russia, India and China in 2009, with South Africa added in 2010, as a counterweight to the Group of Seven leading industrialized nations.

Nigeria’s economic landscape is at a pivotal juncture. Faced with fluctuating oil prices, rising inflation, and currency devaluation, the country’s foreign reserves remain under constant strain. As Africa’s largest economy,

Portugal aims to decrease its reliance on Russian LNG by boosting imports from the U.S. and Nigeria, amidst ongoing EU energy independence efforts.

Nigeria’s alignment with BRICS (Brazil, Russia, India, China, and South Africa) as a partner member offers significant advantages across critical

Nigeria has been admitted as a “partner country” of the BRICS bloc of developing economies, according to Brazil, the group’s chair. BRICS was formed by Brazil, Russia, India and China in ...

The professor of political science said that Nigeria should have been an original member of the group or granted a full membership.