- Thursday, 30 January 2014
Christened the NIGAL pipeline and Trans-African gas pipeline, is an international initiative that involves the construction of natural gas pipeline from hydrocarbon fields in Nigeria, through some others in Algeria, and ultimately to Europe. The project which was first proposed in the 1970s was given a definitive green light in January 2002, when the Nigerian National Petroleum Corporation (NNPC) entered into an agreement with its Algerian counterpart, SONATRACH. In In September, 2006, the firm contracted to undertake feasibility studies of the project, i.e., Penspen Ltd, adjudged the proposed project to be viable, and thus commenced the story of the 4,000 kilometres and $20 billion worth trans-Saharan project, which when completed will pipe some 30 billion cubic metres of natural gas from Warri, Nigeria, via Niger Republic to Algeria's Beni Saf export terminal, and onward to the Mediterranean Sea and beyond, into Europe. This In diameter, the pipeline will be 1 220 to 1 420 millimetres wide. The bulk of gas piped through it would be sold in European markets. It will be owned and operated by the NNPC and SONATRACH, both of which shall retain 90% of shares in the projct, which the national oil company of Niger Republic will be left with 10% equity.