Nigeria, Algeria and Niger have signed an agreement to create a $10 billion pipeline that would ship natural gas across the Sahara to Europe, Nigeria’s state oil company said Friday.The plan comes as Europe seeks new sources of natural gas imports. It depends on Russia for much of its needs.
The project was approved by energy ministers from all three governments, said Mohammed Barkindo, the managing director of Nigeria state oil company, the Nigeria National Petroleum Corp. It is expected to come on line in 2015.
“The intergovernmental agreement that has been signed today between the government of Algeria, Niger and Nigeria gives this project official stamp of approval,” Barkindo said. “So it is a significant milestone.”
Source: AHU – David A-O
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