Nigeria, Algeria and Niger agree to create pipeline to ship gas to Europe

ABUJA, Nigeria - - Nigeria, Algeria and Niger have signed an agreement to create a $10 billion pipeline that would ship gas across the Saharan desert to Europe, Nigeria's state oil company said Friday. The plan comes as Europe seeks new sources of gas imports; it currently depends on Russia for much of its needs. The project was approved by energy ministers from all three governments, said Mohammed Barkindo, managing director of Nigeria's state oil company, the Nigerian National Petroleum Corp. It is expected to come on line in 2015. "The intergovernmental agreement that has been signed today between the governments of Algeria, Niger and Nigeria gives this project official stamp of approval," Barkindo said. "So it is a significant... [read full story]                    

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