September 24, 2017

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Nigeria, others to re-evaluate Trans-Saharan gas project -

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Thursday, July 25, 2013

Nigeria, others to re-evaluate Trans-Saharan gas project

Nigeria, others to re-evaluate Trans-Saharan gas project... NAIJA INTEL

Nigeria and other stakeholders in the multi-billion dollar Trans-Saharan gas pipeline project have decided to re-evaluate the commercial viability of the project, Group Executive Director, Gas and Power, Nigerian National Petroleum Corporation (NNPC), Dr. David Ige, has said.

He said this became necessary considering market changes that have taken place since its conception over a decade ago.

The Trans-Saharan project, estimated at over $12 billion, was conceived in 2002 by the Presidents of Nigeria, Niger and Algeria with the support of former president of South Africa, Thabo Mbeki.

The project was endorsed in furtherance of the New Partnership for Africa’s Development (NEPAD). The objective of the project was to take natural gas through pipe from Africa through the Mediterranean to Europe.

Nigeria, others to re-evaluate Trans-Saharan gas project... NAIJA INTEL

Nigeria, others to re-evaluate Trans-Saharan gas project… NAIJA INTEL

Ige, who disclosed this to The Nation, said new developments that had taken place in the oil and gas industry called for re-evaluation of the project to ascertain its commercial viability.

He said in the last 10 years, gas consumption had grown substantially in Nigeria and the emergence of shale gas in many countries, adding that these factors needed to be considered before implementing the project because at the conception, these factors were not in existence.

He said the review became important because Nigeria is the principal shareholder in the project considering the fact that most of the gas supplies will come from the country. He said the NNPC would advertise for expression of interest (EoI) for the Calabar-Kano pipeline, from which the gas would be taken to the Nigerian border.

Ige said: “Trans-Saharan gas project starts from Calabar to Kano and to Algeria and crossed to the Mediterranean. “About 30 per cent of the entire segment of the project is in Nigeria, which is the Calabar to Kano. What we have done is to focus right now on that first leg, which is getting the Nigerian side right.

“Two things. Firstly, is that there is no Trans-Saharan without Trans-Nigeria. Secondly, for Trans- Saharan to be viable, we have to make sure we open access to different gas supply sources within Nigeria.

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IMAGES: www.reporters-360.com / www.en.wikipedia.org

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