The Algerian, Nigerian and Nigerien power ministers signed, Thursday, July 28, a memorandum of understanding for the belief of the trans-Saharan gasoline pipeline venture (TSGP) which can permit Nigerian gasoline to be transported to Europe, in response to the official company Algeria Press Service (APS).
The TSGP ought to finally transport billions of cubic meters of Nigerian gasoline to Algeria through Niger. Algeria will then have the ability to ship Nigerian gasoline to European Union international locations through Transmed, which hyperlinks the nation to Italy through Tunisia, and liquefied pure gasoline (LNG) transported by LNG carriers.
Throughout the third Algeria-Niger-Nigeria tripartite ministerial assembly, Thursday in Algiers, the Algerian Minister of Vitality and Mines, Mohamed Arkab, and his counterparts from Nigeria, Timipre Sylva, and Niger, Mahamane Sani Mahamadou, signed the memorandum of understanding after discussing features of the venture, together with its progress, in response to APS. For the second, no indication has been given on its completion date.
When launched in 2009, the funding price of the TSGP was estimated at $10 billion. With a size of 4,128 km, together with 1,037 km in Nigerian territory, 841 km in Niger and a pair of,310 km in Algeria, this gasoline pipeline will even provide the international locations of the Sahel.
This venture was reactivated in a geopolitical context marked by sturdy worldwide demand for gasoline and oil and by a surge in costs after the invasion of Ukraine by Russia on the finish of February. A number of international locations, significantly European ones, are in search of to scale back their dependence on Russian deliveries and have turned to Algeria.
The nation, whose confirmed reserves of pure gasoline quantity to just about 2,400 billion cubic meters, supplied round 11% of the gasoline consumed in Europe earlier than the warfare in Ukraine, in opposition to 47% for Russia. It’s the first African exporter of pure gasoline and the seventh on the planet.
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