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Trans-Saharan gas pipeline to reach Europe in 2015
Source: BI-ME and Bloomberg , Author: BI-ME staff
Posted: Sun February 22, 2009 12:00 am

INTERNATIONAL. The proposed trans-Saharan gas pipeline linking Nigeria and Algeria to Europe is expected to begin deliveries in 2015, the head of Nigeria’s state energy company said.

Final details of a memorandum of understanding to govern the project were discussed at a meeting in the Nigerian capital, Abuja, yesterday between Nigerian and Algerian officials, the Nigerian National Petroleum Corp, or NNPC, said in an e-mailed statement today.

The US$12 billion pipeline across the Sahara desert, which will start in Nigeria and pass through Niger and Algeria to Europe, “is expected to deliver first gas around 2015,” Mohammed Barkindo, head of the NNPC, said in the statement.

Mohammed Mezaine, head of the Algerian state energy company Sonatrach led his country’s delegation to the meeting, the statement said.

Nigeria’s gas reserves, estimated at 187 trillion cubic feet, are the seventh largest in the world. President Umaru Yar’Adua’s government has put forward a plan for Nigeria to earn as much revenue from gas exports as it does from crude oil, currently the mainstay of the country’s economy.

 

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