₦airaland Forum

CSTRR:
40% of Nigeria's exported gas goes to Europe as Liquified gas.
We are already doing it.

But it is not good enough if we want to export the required volume of gas that can meet Europe needs and replace Russia.

Pipeline is still the unbeatable way to transport gas.

CSTRR:
The gas is going through the coast of Lagos to the West African gas pipeline and then to Tangiers in Morocco.
All through underwater gas pipeline.
It's far away from the north and it's troubles.

That is why I favour this project over the Nigeria-Niger republic-algeria pipeline that is going through the Sahel.
That one is right in boko and iswap territory.

00FFT00:
Let's be very clear. There's no such thing as a Nigeria gas deposit. What we have is a huge gas deposit in the Southeast and South-south regions of Nigeria at an 80/20 ratio. Southeast Nigeria owns and harbors 80 percent gas deposits in this contraption, and some people tell you they are persona non grata in Aso Rock.

We go see!.

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

Segunaja:
Huge project I must say

Frigga13:
Fani defining his people..

Them dey always use themselves the reason others ..

Forgetting say no be everybody be yoruba .. over 400 tribes in Nigeria

The bitter truth about Yoruba ..

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)