Nigeria reports $ 13 bn price tag for Trans-Saharan Gas Pipeline

Feb 28, 2008 01:00 AM

The Trans-Saharan Gas Pipeline Project, or TSGP, will cost $ 13 bn and will deliver its first gas in 2015, a senior Nigerian official said.
Emmanuel Odusina, Minister of State for Energy (Gas) said Nigeria, Algeria and Niger have agreed to spend $ 10 bn on the project and $ 3 bn has been set aside for gas gathering.

The 4,400 km pipeline will transport 20 bn to 30 bn cm of natural gas from Nigeria to Europe through Niger and Algeria, the Nigerian National Petroleum Corp., or NNPC, said. The gas is to be exported to Europe.
Emmanuel Odusina said Nigeria would be setting aside between 13 and 15 tcf of gas for the project for the first 25 years.

Nigeria's gas reserves are estimated at 184 tcf, but industry officials have expressed doubt the country can produce adequate gas for TSGP given the current shortage of gas for domestic use. Odusina said gas for TSGP has been earmarked, and will be available.
Chakib Khelil, Algeria's Minister of Mines and Energy, said the three countries had the capacity to finance the project and said the European market would need the gas produced by TSGP by its start-up date.

Source / Dow Jones & Company
Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« January 2021 »
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

Register to announce Your Event

View All Events