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The proposed pipeline would go through Niger Republic to
Algeria, and then to Europe.
It would be a second major gas pipeline project for the
NNPCL, which is also currently working on the $25bn Nigeria-Morocco gas
pipeline.
NNPCL Group Chief Executive Officer, Mele Kyari made this
known during a panel session at the ongoing 8th Organisation of Petroleum
Exporting Countries International Seminar in Vienna Austria.
According to him: “We are building a $25 billion pipeline
from Nigeria to Morocco through 11 West African countries. There’s another
pipeline we are planning to build through Niger Republic, and through Algeria
into Europe also, and the potential is between $7 billion to $8 billion.”
Furthermore, Kyari revealed that the NNPCL is also focused
on expanding their current Liquefied Natural Gas (LNG) facility with an
additional train.
The expansion will effectively double the capacity of the
existing facility, providing a substantial increase in availability to the
market.
Highlighting the commitment to gas development, Kyari
emphasized that the NNPCL is actively pursuing several other gas projects aimed
at deepening gas penetration not only in Nigeria but also in other nations.
The new gas pipeline project is a sign of the growing
importance of natural gas in the African energy market.
Natural gas is a cleaner-burning fuel than coal or oil, and
it is becoming increasingly popular as a source of energy for power generation
and industrial use.
The NNPCL’s new project is expected to help to boost gas
exports from Africa and to meet the growing demand for natural gas in Europe.
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