GAS : Nigeria, Niger, Algeria sign trans-Saharan pipeline deal

Petroleum and Energy ministers from Nigeria, Niger and Algeria have signed an agreement to build a $10 billion pipeline to transport Nigerian gas across the Sahara to the Mediterranean and European markets. AFP - Three African countries on Friday signed an accord to build a 10-billion-dollar trans-Saharan gas pipeline linking vast reserves in Nigeria to Europe. The project will convey gas destined for the European market more than 4,000 kilometres (2,485 miles) from the Niger Delta in Nigeria, via Niger and Algeria. The head of Nigeria's state oil company, Mohammed Barkindo, said the agreement "gives this project the official stamp of approval from the three governments, directing the national oil companies of these three countries to begin in earnest the definitional phase of this project." Petroleum and Energy ministers... [read full story]                    

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