
Russia Wants to Build $20 Billion Nigerian Gas Pipeline
Nigerian Minister of State for Petroleum Resources confirms
The Nigerian Minister of State for Petroleum Resources, Chief Timipre Sylva has said that Russia was interested in financing a $20 billion dollar gas pipeline to Morocco which will then connect the pipeline to western Europe thereby bringing Nigerian gas to the European market.

He confirmed the Russian interest in financing the project while briefing reporters in Abuja Monday. “The Russians were with me in the office last week. They are very desirous to invest in this project and there are lots of other people who are also desirous to invest in the project, this is a pipeline that is going to take our gas all through a lot of countries in Africa and also, all the way to the edge of the African continent where we can have access to the European market as well.”
In December 2016, Nigeria and Morocco signed a bi-lateral agreement to build a 5,660 gas pipeline connecting the two countries and it is also to connect other African countries in the sub region. The pipeline will both be on shore and off shore.
Sylva hopes the the multi billion dollar gas pipeline project will take off before President Muhammadu Buhari leaves office on May 29 2023. According to Worldometer. “Nigeria holds 187 trillion cubic feet (Tcf) of proven gas reserves as of 2017, ranking 9th in the world and accounting for about 3% of the world’s total natural gas reserves of 6,923 Tcf. Nigeria has proven reserves equivalent to 306.3 times its annual consumption.”
Despite the rich gas deposits Nigeria still does not have stable electricity after almost 62 years after independence.
Source Twitter/Reuters/Worldometer
About Post Author
felastory
Share this:
- Click to share on Facebook (Opens in new window)
- Click to share on X (Opens in new window)
- Click to print (Opens in new window)
- Click to share on LinkedIn (Opens in new window)
- Click to share on Reddit (Opens in new window)
- Click to share on Tumblr (Opens in new window)
- Click to share on Pinterest (Opens in new window)
- Click to email a link to a friend (Opens in new window)
- Click to share on Mastodon (Opens in new window)
- Click to share on Nextdoor (Opens in new window)
- More
Related
More Stories
Territorial Dispute
Venezuela and Guyana heads of state to meet on Thursday in a bid to settle a territorial dispute over a...
Putin 2024
Putin 2024 Russian President tells soldiers awarded the country's highest award during Heroes of the Fatherland's Day that he will...
Cut Oil Production
Russia and Saudi Arabia appeal to other OPEC+ members to cut oil production so as to save the world economy...
Fighter Escort
Kremlin explains why the RuAF One IL-96 carrying Vladimir Putin on his whirlwind visit to Saudi Arabia and UAE got...
Federal Sympathy
Nigerian President offers federal sympathy after a deadly drone strike on a Muslim celebration killed over 100 people Air Force...
Prepare for Bad News
NATO says prepare for bad news as there will not be enough munitions for Ukraine to win Washington hints cash...
Average Rating