CEM REPORT, ENERGY | Nigerian National Petroleum Company Limited (NNPCL) has announced plans to construct another international gas pipeline worth about $8bn.
The proposed new construction will run through the Niger Republic to Algeria and then to Europe.
The Group Chief Executive Officer, NNPCL, Mele Kyari disclosed this during a panel session at the 8th Organisation of Petroleum Exporting Countries International Seminar in Vienna Austria.
“We are building a $25bn pipeline from Nigeria to Morroco through 11 West African countries. There’s another pipeline we are planning to build through Niger Republic, and Algeria into Europe also, and the potential is between $7bn to $8bn.
“We are also expanding our current LNG (Liquefied Natural Gas) facility with another train. And, of course, what that does is that it doubles the capacity of the current facility and this is going to be made available to the market.”
He added that many other gas projects were being handled by the oil company to further deepen the penetration of gas in Nigeria and other nations.
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Recall a CEM report that a Memorandum of Understanding for the $25 billion Nigeria-Morocco Gas Pipeline Project had been signed by Nigeria, Morocco, Cote d’Ivoire, Liberia, Benin, and Guinea.
The proposal to build a pipeline between Nigeria and Morocco is anticipated to improve the commercialization of the natural gas resources in the impacted African nations and provide a brand-new alternate export route to Europe.