June 22, 2024

Nigeria, Algeria, Chad review actionable plans for $13bn trans Sahara gas pipelines

 

Oredola Adeola

The Nigerian Government and its African partners, Niger and Algeria have intensified efforts to actualise the $13 billion Trans Sahara Gas Pipelines (TSGP) project offering the African countries the opportunity to tap into the European markets.

Timipre Sylva, Minister of State for Petroleum Resources made this known during a meeting of the parties in Abuja on Monday.

According to him, Nigeria, Niger and Algeria are committed to actualising the project. The project, according to him, would run from Nigeria through Niger Republic to the Mediterranean Coast of Algeria and would also target gas supplies to Chad and Mali.

Sylva said the project will bring their huge gas resources closer to the European market, especially with the high cost of gas caused by the war between Russia and Ukraine.
He said, “The project takes our gas to the European market directly. Today a lot of gas in Nigeria is stranded or re-injected because there is no infrastructure to take the gas to market.

“This project is going to take the gas all the way from where it is produced to the European market, and it cannot be a better time, because gas prices are quite firm at this point.

“I believe that it is a very good time for us to take advantage of very high gas prices globally,” he said.

Sylva said that besides taking the gas to European markets, the project would boost economic growth on the African continent. He aslo noted that it would firstly, create a corridor for development across Africa.

“Chad is also not far away from the corridor of this project. So this project has a lot of potential for growing the economies of African countries, West African countries and North Africa,” he said.

Mahamadou Mahamane, Niger Republic, Minister of Petroleum, said the countries were ready to pull their resources together to ensure that the project was achieved.

Mahamane underscored the need to get the project going, saying it would promote regional cooperation as well as earn revenue for the countries.

Mohamed Arkab,  the Algerian Minister of Energy and Mines, in his remark said the reactivation of the project would boost economic development of the countries and assist them to achieve carbon neutrality in line with global energy transition.

Arkab recalled that a meeting had been held in Niamey on Feb. 16, within the framework of the reactivation of the Trans-Saharan Gas Pipeline Project. He said that declaration had been signed by the three parties and the roadmap agreed on.

He said, “While being fully part of the project aimed at decarbonising the oil and gas industry in the short term, and at achieving carbon neutrality in the longer term, we remain convinced that a global and efficient energy transition cannot take place without the contribution of hydrocarbons.

“As such, natural gas presents itself as an energy of excellence to ensure this energy transition, while ensuring the security of the supply of markets, whose demand is only increasing.

“I invite all the parties and teams to participate actively in the realisation of this important project, within the required deadlines,” the Algerian Minister said.