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GAZPROM TO BUILD GAS PIPELINE LINKING AFRICA RESERVES TO EUROPE
/PanARMENIAN.Net/
06.07.2009 13:55 GMT+04:00
/PanARMENIAN.Net/ Three African countries signed an accord to build
trans-Saharan gas pipeline linking vast reserves in Nigeria to Europe.
France's Total, Royal Dutch Shell and Russia's Gazprom have all
expressed interest in helping Nigeria's state-run NNPC and Algeria's
counterpart Sonatrach in the project. Gazprom and NNPC agreed
to invest at least $2.5 billion to explore and develop Africa's
biggest oil and gas sector, including building the first part of the
Trans-Sahara pipeline.
The project, with capital costs estimated at $10 billion for the
pipeline and $3 billion for gathering centers, would send West African
gas via a 4,128 km (2,580 mile) pipeline from Nigeria via Niger and
Algeria starting from 2015.
Nigeria has estimated natural gas reserves of 180 trillion cubic feet,
the seventh largest in the world. Its liquefied natural gas company
Nigeria LNG says it already provides 10 percent of world supply,
much of it to Europe and North America.
/PanARMENIAN.Net/
06.07.2009 13:55 GMT+04:00
/PanARMENIAN.Net/ Three African countries signed an accord to build
trans-Saharan gas pipeline linking vast reserves in Nigeria to Europe.
France's Total, Royal Dutch Shell and Russia's Gazprom have all
expressed interest in helping Nigeria's state-run NNPC and Algeria's
counterpart Sonatrach in the project. Gazprom and NNPC agreed
to invest at least $2.5 billion to explore and develop Africa's
biggest oil and gas sector, including building the first part of the
Trans-Sahara pipeline.
The project, with capital costs estimated at $10 billion for the
pipeline and $3 billion for gathering centers, would send West African
gas via a 4,128 km (2,580 mile) pipeline from Nigeria via Niger and
Algeria starting from 2015.
Nigeria has estimated natural gas reserves of 180 trillion cubic feet,
the seventh largest in the world. Its liquefied natural gas company
Nigeria LNG says it already provides 10 percent of world supply,
much of it to Europe and North America.