Nigeria Signs Gas Pipeline Deal With Algeria, Niger Republic
Nigeria has signed a pipeline deal which would transport billions of cubic metres of gas 4,128 kilometres (2,565 miles) from Nigeria in West Africa through Niger and on to Algeria.
Officials from the three countries on Tuesday signed the deal in Algiers, Algeria’s capital, aimed at accelerating the development of a vast natural gas pipeline toward Europe.
The Trans-Saharan Gas Pipeline (TSGP) deal would also see the gas pumped through the undersea Mediterranean pipeline, Transmed to Italy, or loaded onto liquefied natural gas tankers for export.
The contracts centred on “an update of the feasibility study” and other issues, including non-disclosure agreements among their state energy companies.
The feasibility update will lay out the “required means for accelerating the development of this major project in a timely manner and at competitive costs,” Algerian Energy Minister Mohamed Arkab said.
While no update was given for the pipeline’s cost, which was estimated at launch at $10 billion, the project has been given new urgency by a surge in gas demand worldwide and soaring prices sparked by Russia’s invasion of Ukraine in February 2022
Source:- Tribuneonlineng
