Nigeria signs MoU with Algeria for trans-Saharan gas pipeline project

Oct 01, 2001 02:00 AM

Nigeria has signed a Memorandum of Understanding (MoU) with Algeria for the establishment of a trans-Saharan gas pipeline project, special adviser on Petroleum and Energy, Dr. Rilwanu Lukman has said. Lukman in Vienna said the project was in line with the government's desire to utilise Nigeria's hug gas reserves.
He added that a study for the development of the project outlining its viability, costs and an evaluation of its infrastructure requirement, would soon be completed. Lukman said that the project would seek to connect the Nigerian gas field with that of Algeria, with the European market as its target.
"The European demand for natural gas continue to grow at a significant pace demonstrating the need for clean burning fuel for power generation, industrial fuels and residential markets and the project can deliver this much needed gas supply," he said.

The presidential aide stressed that Nigeria is seeking to attract more revenue from gas to enhance economic infrastructure, improve growth levels and provide employment for Nigerians. He maintained that Federal Government remained committed to the utilisation and monetisation of gas with a view to shoring up its economic base.
Lukman explained that a deliberate policy on gas would soon be put in place to enhance development of resources in the country and expressed optimism that the cooperation on the project would yield better economic gains to Nigeria and Algeria in particular and the entire region at large.

Source: The Guardian
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