NNPC seeks US Corporation, Exim Bank funding to deliver gas projects
September 27, 2022367 views0 comments
On this note, Nigeria is embarking on a rash of gas projects that are projected to cost billions of dollars.
In July, Africa’s largest economy signed a Memorandum of Understanding (MOU) with Algeria and Niger to build a mega gas-transport project linking the three countries with a pipeline spanning more than 4,000 km (2,500 miles). The Trans-Saharan Gas Pipeline, estimated to cost $13 billion (€12.75 billion), is intended to begin in Warri, Nigeria, and end in Hassi R’Mel, Algeria, where it will link to existing pipelines that lead to Europe.
This month, NNPCL sealed a deal with Morocco’s National Office of Hydrocarbons and Mines, and the Economic Community of West African States (ECOWAS) on a 5,600-km (3,840-mile) pipeline along West Africa’s coast that would provide gas to the 15-country ECOWAS and permit fuel to be shipped to Spain and the rest of Europe.
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