CEM REPORT | Nigeria has put plans in motion to export gas to Europe while also strengthen the domestic and regional gas market.
The Federal Government plans to achieve this through the construction of the multi-billion Trans-Saharan Gas Pipeline (TSGP) in collaboration with Algeria and Niger.
The oil ministers of the three countries — Minister of Petroleum for the Republic of Niger, Mahamane Sani Mahamadou, Minister of Energy and Mines, Algeria, Mohamed Arkab, and Minister of State for Petroleum Resources of Nigeria, Timipre Sylva, along with the Director Generals of National Oil Companies (NOCs) of the three countries met to discuss the implementation of the TSGP recently in Abuja.
The meeting bore the establishment of a steering committee and roadmap for the development of the TSGP.
The steering committee made up of the three Ministers and Director Generals of the NOCs, established during the two-day meeting, will be responsible for updating the feasibility study for TSGP and will meet at the end of July 2022 in Algiers to discuss how to progress with the TSGP project.
The project which is projected to cost about $13 billion is expected to drive socioeconomic growth by unlocking massive investments across the energy sector.
The pipeline of 4,128 km will run from Warri in Nigeria to Hassi R’Mel in Algeria via Niger enabling up to 30 billion cubic meters of natural gas to be traded yearly, enhancing regional and international energy trade.
The pipeline will create a direct connection between Nigeria and Algeria’s gas fields to European markets, significantly benefiting Nigeria in terms of job creation especially in the energy, petrochemicals and manufacturing whilst optimizing energy production and positioning Africa as a global energy hub.
With gas emerging as the energy of the future, the TSGP project will play a critical role in positioning Nigeria, alongside Algeria and Niger, at the forefront of the energy transition according to Business Post.