Categories: Business

Nigeria, Algeria, Niger Discuss Gas Pipeline To Europe

PHOTO USED TO ILLUSTRATE STORY: In this file photo taken on November 08, 2011 the Nordstream gas pipeline terminal is pictured prior to an inaugural ceremony for the first of Nord Stream’s twin 1,224 kilometre gas pipeline through the baltic sea, in Lubmin November 8, 2011. John MACDOUGALL / AFP

 

African energy giants Algeria, Nigeria and Niger signed a memorandum of understanding Thursday on a vast gas pipeline project offering Europe potential future alternatives to Russian supplies, state media reported.

The Trans-Saharan Gas Pipeline (TSGP) would transport billions of cubic metres of gas some 4,128 kilometres (2,565 miles) from Nigeria in West Africa, north through Niger and on to Algeria.

From there it could be pumped through the Mediterranean undersea Transmed pipeline to Italy, or loaded onto liquefied natural gas tankers for export.

On Thursday, Algerian Energy Minister Mohamed Arkab hosted his counterparts from Nigeria and Niger, Timipre Sylva and Mahamane Sani, for talks on the project, state news agency APS reported.

READ ALSO: Manufacturers Ask FG To Removal 7.5% VAT On Diesel

The contents of the memorandum of understanding were not disclosed, but the long-dormant project has seen an uptick in interest in recent months as gas prices have surged following Russia’s invasion of Ukraine.

When the TSGP was first proposed in 2009, the cost of building it was estimated at $10 billion.

As well as serving European markets, gas could be diverted to serve markets along the route of the pipeline or elsewhere in the Sahel region.

Algeria, Africa’s largest natural gas exporter, has already seen increased demand following Moscow’s invasion of Ukraine, with Western nations scouring the globe to find supplies to replace oil and gas from Russia.

Algiers is seeking further ways to capitalise on high global energy prices.

But the TSGP would face formidable logistical and security challenges, passing through thousands of kilometres of desert where jihadist groups have waged a long insurgency.

“A pipeline like this would be hugely vulnerable, not just to attacks by jihadists but also by local communities if they feel they’re getting exploited by a project from which they derive no benefit,” said Geoff D. Porter, an energy expert with North Africa Risk Consulting.

“And then, who’s going to finance it?”

AFP

Solomon Elusoji

Disqus Comments Loading...
Share
Published by
Solomon Elusoji
Tags: Algeria gas Niger

Recent Posts

  • Crime Watch

Suspected Homosexual Arrested For Raping Five-Year-Old Boy To Death In Ogun

  A 36-year-old suspected homosexual, Sikiru Ajibola has been arrested by men of the Ogun State Police Command for allegedly…

35 mins ago
  • Politics

I Will Name, Shame Oil Thieves, Atiku Tells Business Leaders

  The 2023 presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar has threatened to name and shame oil…

51 mins ago
  • Crime Watch

Gunmen Kill Two Guards In Ondo

  Gunmen on Saturday killed two night guards in Ikare Akoko, the headquarters of the Akoko North East Local Government…

1 hour ago
  • Headlines

Atiku Not In Presidential Race For Drug Trafficking, Aide Slams Tinubu

  The Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar is not running for presidency in the 2023 elections to…

2 hours ago
  • Qatar 2022
  • Sports

Mbappe’s Double Sends France To Round Of 16

  Kylian Mbappe scored twice, including a late winner, as holders France edged Denmark 2-1 on Saturday to become the…

2 hours ago
  • Local

Amaechi Built Five Flyovers, Rivers APC Replies Wike

  The All Progressives Congress (APC), Rivers State chapter on Saturday, listed the achievements of former Governor Rotimi Amaechi whilst…

2 hours ago