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Nigeria Mulls $20bn Trans-Saharan Natural Gas Project

Source: Algeria Times 2/5/2014, Location: Africa

Nigeria is about to begin exporting natural gas to Europe as the federal government is making frantic efforts to ensure the Nigeria-Algeria gas pipeline project is ready by 2015. The $20 billion trans-saharan project, when completed will transport about 30 billion cubic metres of natural gas from Warri through Niger Republic to Algeria and to Spain and Europe.

The massive gas project will be jointly operated by the Nigerian National Petroleum Corporation (NNPC) and Sonatrach of Algeria, both of which will hold 90 per cent shares of the equities of the project.

President Goodluck Jonathan announced last month in the Ethiopian capital Addis Ababa that Nigeria had mobilised $700 million to support the completion of the Nigeria-Algeria natural gas pipeline project.

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