₦airaland Forum

femisplash:
China’s Jingye Steel Group has been awarded the contract to supply pipes for the construction.
At 6,800 km long, including 5,100 km offshore, the pipeline will become the longest offshore gas pipeline in the world once completed.
https://punchng.com/uae-to-invest-in-25bn-nigeria-morocco-gas-pipeline-project/

Had Ajaokuta been completed, the steel pipe contract alone would be worth $10 billion

We just don't get it do we?

We have absolutely no business exporting gas to anybody

What you are putting in those pipelines is your children's future
Ask what are they going to use that gas to do in Europe

Why can't they do that in Nigeria?

They will buy the gas cheap and use it to make expensive stuff to you

.We don't need dollars we need to raise our economy to the level that people are looking for Naira


That won't happen by selling gas. Russia has many times more gas than we do but is not the leading economy in the world

The leading economies are not those who sell gas but those that buy it

That should be our goal

What is gas used for

To make cement, electricity, glass products, steel aluminium and other metal products , fertilizers, chemicals, plastic and hydrogen


Why should we not make those things here

Trump is not entirely crazy with his America first agenda

Selling gas to Europe is making a statement to say we will never industrialize

They should bring those companies to Nigeria to make steel, plastic and hydrogen

Hydrogen is a future game changer. We need to wake up
Bitter and painful fact Even the pipeline would be made with steel from places like China using imported energy
Not one inch of pipeline would be made in Nigeria

After 50 years the gas would finish and most of the money would be stolen and our grandchildren would look even more stupid than we look today as if we don't look stupid enough

If they cannot use the gas here let it stay in the ground

Kaido:
I hope Niger Delta gains from this oo

Nigeria delta gas!

femisplash:
Absolutely nothing is going to happen. Those world powers would rather protect their economic interests than protect human lives.

WHOSE ECONOMIC INTEREST RUSSIA OR EUROPE OR AMERICA?



LOL




YORUBA ALMAJIRIDDD

We Should Not Be Carried Away by Any Humongous Amounts being Mentioned.
THE QUESTION ❓ IS- WOULD IT BENEFITS ALL NIGERIAN MASSES IN THE LONG RUN?
HOPE IS NOT THAT NIGERIA WILL BE CHEATED - AS Our LEGISLATORS - SHOULD RATHER EMPLOY INDEPENDENT EXPERTS FROM OTHER COUNTRIES TO CRITIQUE THE VIABILITY IN THE LONG RUN.
FOR LET US CHECK ✔️ CAREFULLY AND EXAMINE THOROUGHLY BY ENSURING THAT AND IN THE LONG TERM -ANYTHING FROM MUSLIM COUNTRIES- BENEFITS -IS NOT A FLUKE TO OUR GENERALITY IN NIGERIA.
DO OUR LEGISLATORS HAVE SUCH EXPERTS AT HANDS?
PUBLIC INTEREST SHOULD BE PARAMOUNT AND FAR ABOVE PERSONAL AND SELFISH OR ETHNIC OR RELIGIOUS INTERESTS.💻
FOR ONCE YOU ENTERED THE AGREEMENT,IT MAY BE DIFFICULT NOT TO Follow TRUE.

femisplash:
https://punchng.com/uae-to-invest-in-25bn-nigeria-morocco-gas-pipeline-project/

Massive!!!

femisplash:
With the US, UAE very much invested in this project as well as top global financiers such as the Islamic Development Bank, OPEC fund, European Investment Bank, the project could be said to be as good as done. Conceptualized in 2016, nine years after, the source of funding for its take off is pretty much settled. For many reasons, this project pushes Nigeria as a frontier, it is going to boost Nigeria's economic power. Russia is not only a military power but its gas resources makes her a major economic power house, despite tons of sanctions aimed at suppressing her earning power, Russia is still holding strongly. Europe's demand for her gas is a no brainer to the extent to which Russia is staying afloat the tons of sanctions imposed on her, in the process, improving her local currency to boot.
In the same vein, Nigeria promises to hold an economic bargaining power in the near future.
Europe is going to be a winner as much as African nations by which this project will certainly improves regional energy access, regional integration, as well as regional trade.
However, this must not be confused with Nigeria-Algeria gas pipeline project. This is also another $10billion gas pipeline project known as the Trans-Sahara Gas Pipeline deal which would see gas pumped through the undersea Mediterranean pipeline, transmitted to Italy, Spain and other parts of Europe. It could also be loaded into liquified natural gas tankers or vessels for exports. This pipeline passes through Niger Republic to Algeria - one of the largest gas deposit in Africa behind Nigeria.
In conclusion, Nigeria is running two mega pipeline projects side by side, a $25b gas project to Morocco and a $10billion gas project to Algeria.

It appears that Morocco is now the driver of the project, looking at the Phase 1 of the projecf

Hmmmmm. We are taking out this gas when we the citizens are yet to benefit from it

Fuckyoumod:
Nigeria delta gas!

The gold and other ore deposits in some Northern parts of the country belongs to them.

I have been to these illegal mining sites, nigggga.

Akinpresident:
Really good one and quite ambitious.

I'm at lost why we have more gas deposit than petroleum and yet, it's so expensive.

Gas should be one of the cheapest items in this country all time cos the amount of gas we flare is ridiculous.

Gas exploration is more capital intensive than crude oil.

The problem with this is that as soon as it is completed we may begin to hear about acute shortages of gas in Nigeria on account of some profligate government selling the stuff years in advance to collect money to fund their lavish lifestyles.

Without getting the basics right Nigerians have no cause to applaud any of these stories. I could vividly remember all that was trumpeted about the LNG projects during the Babangida era and how it was finally going to trigger an industry led revolution and prosperity for decades to come.

Fast forward thirty five years and gas is unreliable and unaffordable for the vast majority of Nigerians and the vauted benefits to the economy has seen Nigerians poorer today than in 1990.

Today government is telling us to buy crude at international prices to refine locally. Tomorrow we will struggle with Europe to pay for our own gas while we have a zero say on what or how the revenues are spent.

If the natural resources of Nigeria has directly benefitted you, raise you hand for a head count.....

omonnakoda:
We just don't get it do we?

We have absolutely no business exporting gas to anybody

What you are putting in those pipelines is your children's future
Ask what are they going to use that gas to do in Europe

Why can't they do that in Nigeria?

They will buy the gas cheap and use it to make expensive stuff to you

.We don't need dollars we need to raise our economy to the level that people are looking for Naira


That won't happen by selling gas. Russia has many times more gas than we do but is not the leading economy in the world

The leading economies are not those who sell gas but those that buy it

That should be our goal

What is gas used for

To make cement, electricity, glass products, steel aluminium and other metal products , fertilizers, chemicals, plastic and hydrogen


Why should we not make those things here

Trump is not entirely crazy with his America first agenda

Selling gas to Europe is making a statement to say we will never industrialize

They should bring those companies to Nigeria to make steel, plastic and hydrogen

Hydrogen is a future game changer. We need to wake up
Bitter and painful fact Even the pipeline would be made with steel from places like China using imported energy
Not one inch of pipeline would be made in Nigeria

After 50 years the gas would finish and most of the money would be stolen and our grandchildren would look even more stupid than we look today as if we don't look stupid enough

If they cannot use the gas here let it stay in the ground

Are we going to keep waiting to be able to manufacture plastics, fertilizers & co while sitting on gas untapped?. We need the money, nobody is stopping us from being an industrialized nation, we have neglected gas exploration for decades which leaves us where we are.

zero8zero:
Are we going to keep waiting to be able to manufacture plastics, fertilizers & co while sitting on gas untapped?. We need the money, nobody is stopping us from being an industrialized nation, we have neglected gas exploration for decades which leaves us where we are.

What do we need the money for ?

How much money are we talking about?

Stolen:
WHOSE ECONOMIC INTEREST RUSSIA OR EUROPE OR AMERICA?



LOL




YORUBA ALMAJIRIDDD

It is IPOB interest . Clowns

omonnakoda:
What do we need the money for ?

How much money are we talking about?

We would wait to see. When you have a market, it's only reasonable to supply.

zero8zero:
We would wait to see. When you have a market, it's only reasonable to supply.

In short you do not know what you are talking about you just felt a need to quote me to disagree for the sake of disagreeing

Please stay on your lane

There are people who sell their family land saying we need the money

They use the money to consume and when they have spent it all they look stupid

That is the nature of your thinking
We need the money . How much ? You don't know? What will you do with the money? You don't know.

Honestly I wish people like you never quote me There is no risk of intellectual stimulation or profit just irritation

omonnakoda:
We just don't get it do we?

We have absolutely no business exporting gas to anybody

What you are putting in those pipelines is your children's future
Ask what are they going to use that gas to do in Europe

Why can't they do that in Nigeria?

They will buy the gas cheap and use it to make expensive stuff to you

.We don't need dollars we need to raise our economy to the level that people are looking for Naira


That won't happen by selling gas. Russia has many times more gas than we do but is not the leading economy in the world

The leading economies are not those who sell gas but those that buy it

That should be our goal

What is gas used for

To make cement, electricity, glass products, steel aluminium and other metal products , fertilizers, chemicals, plastic and hydrogen


Why should we not make those things here

Trump is not entirely crazy with his America first agenda

Selling gas to Europe is making a statement to say we will never industrialize

They should bring those companies to Nigeria to make steel, plastic and hydrogen

Hydrogen is a future game changer. We need to wake up
Bitter and painful fact Even the pipeline would be made with steel from places like China using imported energy
Not one inch of pipeline would be made in Nigeria

After 50 years the gas would finish and most of the money would be stolen and our grandchildren would look even more stupid than we look today as if we don't look stupid enough

If they cannot use the gas here let it stay in the ground

Honestly, Nigerians should be sore sick of all these pipe dreams (pun unintended). And should be seriously concerned about good and proper governance wrapped in the cloak of accountability and probity as the horse before the cart in motion about these ventures.

What has the average Nigerian benefitted in terms of prosperity for the decades of investment and sales of trillions of dollars worth of minerals resources and E.I. products.... These are things that should be debated.

Almost half a century after the discovery of oil we still cannot advance the industrialization needle, we cannot turn oil and gas to electric power, heck we don't even know exactly how much fuel we use domestically thoughtless of how much crude oil we export all because of corruption and quackery.....

I haven't seen it 35 years after the LNG trumpet. This one is another story.

nobody can identify what Nigeria will gain from this btw

omonnakoda:
In short you do not know what you are talking about you just felt a need to quote me to disagree for the sake of disagreeing

Please stay on your lane

There are people who sell their family land saying we need the money

They use the money to consume and when they have spent it all they look stupid

That is the nature of your thinking
We need the money . How much ? You don't know? What will you do with the money? You don't know.

Honestly I wish people like you never quote me There is no risk of intellectual stimulation or profit just irritation

We need the money, that's a fact. I don't care how you feel. Show us what you have ever done if you think there's no need piping the gas elsewhere. Have you invested in any gas project?, do you have a fertilizer plant, plastic factory, chemical factory, etc where you contribute value to the country's GDP?. I don't care about mere talkers behind keyboards blabbing and talking smack.

Reference:
Honestly, Nigerians should be sore sick of all these pipe dreams (pun unintended). And should be seriously concerned about good and proper governance wrapped in the cloak of accountability and probity as the horse before the cart in motion about these ventures.

What has the average Nigerian benefitted in terms of prosperity for the decades of investment and sales of trillions of dollars worth of minerals resources and E.I. products.... These are things that should be debated.

Almost half a century after the discovery of oil we still cannot advance the industrialization needle, we cannot turn oil and gas to electric power, heck we don't even know exactly how much fuel we use domestically thoughtless of how much crude oil we export all because of corruption and quackery.....

I haven't seen it 35 years after the LNG trumpet. This one is another story.

The truth is Europeans screw us on this it is very painful

On a deal like this they would use consultants, insurance, lawyers accountants etc maybe 1 or 2 billion dollars All in Europe or the USA nothing for us. If there is any dispute they will go to a court in London or Paris and seize your president's jet

When the project starts they will use their engineers and never teach our people or transfer technology

The pipeline s are made in their country using your gas and so that $25 billion will not enter Nigeria. Zenith bank won't smell it . Access bank won't touch it will move from JP Morgan to BNP Paribas to Lloyds to Barclays


They will spend millions on Insurance none of it in Nigeria


Funny this is UAE I laugh at our Muslim brothers

The Saudis just gifted the USA a plane

What do they gift Africans They literally build a mosque every week in Africa and refuse to do anything else that is meaningful
They know that in the fullness of time they will get the money back through Hajj

They send trainers to these mosques in Africa and if any of the almajiris step on their feet by mistake they will literally spit on them .Fact!!

No one is coming to help us with investment . They are all intended to exploit us.

Morocco wants to position itself as a fertilizer powerhouse . They have the minerals but no gas

To that extent they are our competitor

Why should we help them??

That gas is more useful to our survival

Akinpresident:
Really good one and quite ambitious.

I'm at lost why we have more gas deposit than petroleum and yet, it's so expensive.

Gas should be one of the cheapest items in this country all time cos the amount of gas we flare is ridiculous.

Nobody paid attention to gas as much as they paid to petroleum. PBAT is the only president that gave specific attention to gas. Maybe because of his background. Obi only knows "from consumption to production" He doesn't know this one

Dem never still finish this project?

Let's do business. We gain, they gain too.

zero8zero:
We need the money, that's a fact. I don't care how you feel. Show us what you have ever done if you think there's no need piping the gas elsewhere. Have you invested in any gas project?, do you have a fertilizer plant, plastic factory, chemical factory, etc where you contribute value to the country's GDP?. I don't care about mere talkers behind keyboards blabbing and talking smack.

I also don't care about how you feel
Why did you quote me
stay on your lane and keep your opinions to yourself

Did I ask your opinion?

Why must you quote a blabber is it by force. Did I knock your father's door to blab? If you see an opinion you are not comfortable with move on don't ridicule your self with obnoxious and childish petulance

You are now blocked

Omonnakoda, you don block me ni? you for no run na. You don't want criticisms but you are first to criticize the Govt. Hypocrites.

Dangote refinery. Dat man get money

femisplash:
With the US, UAE very much invested in this project as well as top global financiers such as the Islamic Development Bank, OPEC fund, European Investment Bank, the project could be said to be as good as done. Conceptualized in 2016, nine years after, the source of funding for its take off is pretty much settled. For many reasons, this project pushes Nigeria as a frontier, it is going to boost Nigeria's economic power. Russia is not only a military power but its gas resources makes her a major economic power house, despite tons of sanctions aimed at suppressing her earning power, Russia is still holding strongly. Europe's demand for her gas is a no brainer to the extent to which Russia is staying afloat the tons of sanctions imposed on her, in the process, improving her local currency to boot.
In the same vein, Nigeria promises to hold an economic bargaining power in the near future.
Europe is going to be a winner as much as African nations by which this project will certainly improves regional energy access, regional integration, as well as regional trade.
However, this must not be confused with Nigeria-Algeria gas pipeline project. This is also another $10billion gas pipeline project known as the Trans-Sahara Gas Pipeline deal which would see gas pumped through the undersea Mediterranean pipeline, transmitted to Italy, Spain and other parts of Europe. It could also be loaded into liquified natural gas tankers or vessels for exports. This pipeline passes through Niger Republic to Algeria - one of the largest gas deposit in Africa behind Nigeria.
In conclusion, Nigeria is running two mega pipeline projects side by side, a $25b gas project to Morocco and a $10billion gas project to Algeria.

I swear, these are huge projects that will transform Nigeria into a major, pivotal gas exporting power.

Serious player on the world stage.

Displacing Russia as the monopoly supplier to Europe.

It should at least double our current annual budget of 35 billion dollars.

Hopefully triple it. Then, we'll be talking.

Nigeria should open eyes well, dubious dubai

The holes to drain off the gains are many, getting bigger and increasing in number...

femisplash:
With the US, UAE very much invested in this project as well as top global financiers such as the Islamic Development Bank, OPEC fund, European Investment Bank, the project could be said to be as good as done. Conceptualized in 2016, nine years after, the source of funding for its take off is pretty much settled. For many reasons, this project pushes Nigeria as a frontier, it is going to boost Nigeria's economic power. Russia is not only a military power but its gas resources makes her a major economic power house, despite tons of sanctions aimed at suppressing her earning power, Russia is still holding strongly. Europe's demand for her gas is a no brainer to the extent to which Russia is staying afloat the tons of sanctions imposed on her, in the process, improving her local currency to boot.
In the same vein, Nigeria promises to hold an economic bargaining power in the near future.
Europe is going to be a winner as much as African nations by which this project will certainly improves regional energy access, regional integration, as well as regional trade.
However, this must not be confused with Nigeria-Algeria gas pipeline project. This is also another $10billion gas pipeline project known as the Trans-Sahara Gas Pipeline deal which would see gas pumped through the undersea Mediterranean pipeline, transmitted to Italy, Spain and other parts of Europe. It could also be loaded into liquified natural gas tankers or vessels for exports. This pipeline passes through Niger Republic to Algeria - one of the largest gas deposit in Africa behind Nigeria.
In conclusion, Nigeria is running two mega pipeline projects side by side, a $25b gas project to Morocco and a $10billion gas project to Algeria.

Nigeria government should put in place regulations that would prevent increase of gas price locally...... I pray they do