Nigeria and Morocco are still seeking funding for a huge pipeline project that will carry Nigeria’s gas to North Africa and onto European markets, Minister of State, Petroleum Resources, Timipre Sylva, said.

Africa’s gas supplies are increasingly in the spotlight as the European Union looks to wean itself off Russia’s production after the invasion of Ukraine in February.

Four years ago, Morocco’s King Mohammed VI and Nigerian President Muhammadu Buhari agreed on the mega-project to carry gas along the Atlantic Coast in a deal that was first signed in 2016.

Sylva said on Monday that the pipeline would be an extension of a structure that had been pumping gas from southern Nigeria to Benin, Togo and Ghana since 2010.

He said, “We want to continue that same pipeline all the way to Morocco down the coast. Right now, we are still at the level of studies, and of course, we are at the level of securing the funding for this project and a lot of people are indicating interest.

“The Russians were with me in the office last week, they are very desirous to invest in this project and there are lot of other people who are also desirous to invest in the project.”

The minister said they had not concluded any financial arrangement for the pipeline.

He added, “There is a lot of international interest, investors’ interest, in the project, but we have not really identified investors that we want to go with.”

Plans for a pipeline to take Nigeria’s gas resources to North Africa have long been discussed and Algeria has also held talks with Nigeria as far back as 2002 for a similar pipeline crossing the Sahel region.

OPEC member, Nigeria, has huge gas resources – the largest proven reserves in Africa and the seventh-largest globally.

Fellow OPEC member, Algeria, Africa’s largest gas exporter, said recently it was ready to supply Europe with more gas.

Russia’s state energy giant Gazprom has announced it has stopped all gas supplies to Poland and highly dependent Bulgaria, raising the spectre of a shortage in the region – and Europe as a whole. (AFP)

Segunaja:
Huge project I must say

Segunaja:
Huge project I must say

aribisala0:
Huge and stupid?

We are still cooking with kerosine and Firewood and think the best thing to do is export gas.

When we export gas we export our children's future and jobs
Let us ask a simple question

What do those countries that buy our gas do with it and what do we buy from them in return

Google
List of top gas consuming countries you will find the top world economies

What we need to invest in is our capacity to distribute and use gas INSIDE Nigeria

That money should go on gas power plants in Nigeria and not gas pipelines for export.
Last year we made less than a billion USD from gas.

When that gas reaches Europe it would be retailed for much more(we lose)
It will contribute a lot more to their GDP and used in products which we then end up importing e.g. fertilizers(we lose again)

Among the most energy intensive products are
Basic Chemicals( Germany is one of the leading producers)
Steel
Cement
Foods e.g chocolates,beverages,tobacco
Paper
plastics
Glass
Aluminium
ALL products that we import a lot

All products we have no business importing

Strategically we should focus on using our energy for Value Addition

Does it make sense for us to

Sell cassava to anyone and then buy gari in return?

But FOR DECADES

we are buying petrol and diesel

We should not compound that folly by

putting our money into pipelines for gas to Europe

We can never get a fair price for it and we should focus on using it to boost our own economy

Let us aim to be a world leader in Glass and fertilizer . We have everything needed for that. Why export it?

Rather les us offer free or very cheap gas for 10 years for companies to come and open manufacturing plants

Glass is a big deal not gas

“The

Russians

were with me in the office last week

PHIPEX:
Who needs the gas pipeline, Nigeria or Morocco, why are we the one seeking the fund?

The Russians were with me in the office last week, they are very desirous to invest in this project and there are lot of other people who are also desirous to invest in the project.”

aribisala0:
In 2019, imported glass products, particularly laboratory and pharmaceutical glass wares, accounted for a high share to the tune of USD 1.5 billion with a 35 per cent increase over previous year
https://guardian.ng/business-services/how-nigeria-can-cut-glass-import-tap-production-advantages/
The main inputs in glass making are sand and heat.


Do we have any business importing glass?

Glass that is probably made with our gas?

All we need to do is think about industries where a major cost component is the cost of energy

Those are the areas we should focus on.
We would find that our main competitors would be countries like Germany which has very little gas

aribisala0:
Huge and stupid?

We are still cooking with kerosine and Firewood and think the best thing to do is export gas.

When we export gas we export our children's future and jobs
Let us ask a simple question

What do those countries that buy our gas do with it and what do we buy from them in return

Google
List of top gas consuming countries you will find the top world economies

What we need to invest in is our capacity to distribute and use gas INSIDE Nigeria

That money should go on gas power plants in Nigeria and not gas pipelines for export.
Last year we made less than a billion USD from gas.

When that gas reaches Europe it would be retailed for much more(we lose)
It will contribute a lot more to their GDP and used in products which we then end up importing e.g. fertilizers(we lose again)

Among the most energy intensive products are
Basic Chemicals( Germany is one of the leading producers)
Steel
Cement
Foods e.g chocolates,beverages,tobacco
Paper
plastics
Glass
Aluminium
ALL products that we import a lot

All products we have no business importing

Strategically we should focus on using our energy for Value Addition

Does it make sense for us to

Sell cassava to anyone and then buy gari in return?

But FOR DECADES

we are buying petrol and diesel

We should not compound that folly by

putting our money into pipelines for gas to Europe

We can never get a fair price for it and we should focus on using it to boost our own economy

Let us aim to be a world leader in Glass and fertilizer . We have everything needed for that. Why export it?

Rather les us offer free or very cheap gas for 10 years for companies to come and open manufacturing plants

Glass is a big deal not gas
There is growing glass market of $120 billion worldwide, growing fertilizer market, growing steel and cement market

That should be our focus