Nigeria advances talks on $20bn gas pipeline to Europe
The Federal Government is intensifying discussions on a proposed $20bn gas pipeline to connect Nigeria’s natural gas reserves to European markets. Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas), emphasized the project’s potential to boost energy security and economic growth. Industry leaders, including Olalekan Ogunleye, Roger Tamraz, Alain Bolo, and Henry Erimodafe, highlighted the pipeline’s benefits for investment, job creation, and reducing gas flaring. The initiative is still in early development and involves a consortium of global stakeholders.
TLDR
- Ekperikpe Ekpo led talks in London on a $20bn transcontinental gas pipeline from Nigeria to Europe.
- The pipeline aims to transport up to 30 billion cubic metres of gas annually through Chad and Libya to Italy.
- Olalekan Ogunleye of NNPC Limited reaffirmed Nigeria’s readiness to attract investment and align with national gas strategies.
- Roger Tamraz and Alain Bolo stressed the project’s commercial viability and potential to reduce gas flaring.
- The project is in its early stages and will undergo technical, commercial, and regulatory assessments.
