₦airaland Forum

sjx566:
Dem never still finish this project?

You think it is easy to build massive oil pipelines from the Niger Delta all the way up through the blazing hot Sahara desert, through the Mediterranean sea, and into Europe?

It's not a small project brother. It's been going on for over 10 years and they are still building it. I'm sure with this new injection of capital, they will redouble their pace of work.

It's so amazing to know that we have Nigerian engineers in the middle of the Sahara desert right now building this multi-billion dollar, world class project.

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

Please, never stop lending your voice in national matters. It's always an eye opener—just like your view on cocoa too. It's sad the government and the populace isn't seeing from your pov. I feel gutted to think any generations of Nigeria will still come and experience more than we're currently doing. It's very sad.

free2ryhme:
Tinubu don hammer

be happy with ur country.

Nigeria dnt know a good business when they see one.. na to borrow money they build airport up ND down
... EU needs alternative to Russian gas.. ND west Africa led by Nigeria can b a good sub.... Instead nof middle east which is too far ..

jideflash:
massive

Africa economic power and to a larger extension global is in progress. The onus is for our leadership to utilize the proceeds for human progress: education, affordable housing for mass of people, affordable good health care system, massive investment in modern mechanised farming, creation of massive employment trough public/private initiative massive infrastructures development, roads and railways interstate networks, great investment in our defense to tackle insecurity that plaque our dear nation left and right. Oh! Our creator grants wisdoms to our political leaders and followers to make this great country an eldorado.

I wish nigeria can divide into 2 or 4

reason they are killing people in Imo state since the gas will be coming from Ohaji egbema and scared of Biafra

Don't we need gas? What do our people cook with?
We are cutting down our forests several acres daily
When we have sold all the gas and oil in about 100 years and cut down all the trees we will start eating ourselves

Why are we concerned about what Europe needs

We have sold oil and gas for more than 60 years it has not made us rich and it will never do that

Nigeria has less than 70 years of crude oil left in the ground


Even the pipelines in this project will be imported

Rossikk:
You think it is easy to build massive oil pipelines from the Niger Delta all the way up through the blazing hot Sahara desert, through the Mediterranean sea, and into Europe?

It's not a small project brother. It's been going on for over 10 years and they are still building it. I'm sure with this new injection of capital, they will redouble their pace of work.

It's so amazing to know that we have Nigerian engineers in the middle of the Sahara desert right now building this multi-billion dollar, world class project.

The US govt was also sponsoring this project via an IOC also.This project is huge because of its chain or ripple effect that will cut across the entire landscape of Europe. And it is going to be a major decider in the global oil market

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

You are wrong, Mr Man.

There is money in selling gas. Foreign exchange. Dollars that we need now now, for all sorts of projects, since we are in a hurry to develop, and people are hungry.

You said:

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

How will you ''raise our economy'' without dollars when you need dollars for procurement in your industries, and even to fulfil contracts?

But you are right in the fact that there is money in keeping the gas in-house to build up our industries. But the benefits of that are more long-term.

So why not do both?

We can use the Dual Approach: Allocate a portion of gas for export, but ring-fence significant volumes for domestic use.

- Invest in Gas-to-Power Projects: Build more gas-fired power plants to address our energy crisis.

- Develop Local Value Chains: Encourage industries that rely on natural gas as feedstock (e.g., fertilizer, plastics).

- Build Domestic Pipelines: Expand national gas infrastructure so local manufacturers can access cheap energy.

- Enact Policy Protections: Ensure laws require minimum domestic gas supply obligations (DGSOs) before exports.

That way we get the best of both worlds. Money from gas exports, to power the economy and build infrastructure, and significant gas allocated to the local economy and industrial production.

There is enough gas to do both things!

The USA is by far the largest exporter of natural gas in the world, representing nearly a quarter of global natural gas production.

Followed by Russia, Norway, Qatar, Australia, and Canada.

So what will you say about them?

Are they also 'stupid'?

Conner44:
Is this gas coming out from any one of the 5 dot states? Abeg na question I ask oh, no be fight

You are not learned.
Imo state has the largest gas reserves in Nigeria and the whole of West Africa.

When you combine Nigeria's population with this project once completed and launched. They will have the potential to make Nigeria a very strong and wealthy country in the future. Not just in West Africa, but Africa at large.

PDPdestroyer:
Some people will be having nightmares just because of this

Hahahaha...

I know you are talking about the Pandora criminal called Obi and his horde of nzougbu nzougbu followers called 0BIDIENTS AKA IP0B 0BIDIENTS.

Those ones are always bitter and angry whenever anything good happens to Nigeria

Even nnpc can't guarantee the integrity of flow meters for crude sold that's within the country, but now you want to make it easier for the west to "suck" all of our gas, as if with a straw. There, we can't even account for what's been sold, or worse, they will enter a 20years futures contract for some paltry loans and we are back to square one again.

Africa keeps looking for cheap money, that's why growth is hard for her.

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.

We have all these gas yet we don't have electricity nor cheap gas. By the time this thing reach Morocco, we no go see am buy again. The zoo citizens will suffer badly

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.

Them investing is already like a debt finance project which will impact on the revenue for as long as the tenor lasts and for that kind of huge amount, the tenor would be 15 to 20 years tenor. That is not a sensible investment. Since it is Nigeria to Morocco pipeline, let the two countries provide the counterpart funding. Bro not every news is worthy to celebrate as an achievement.

stuffs2002:
Hahahaha...

I know you are talking about the Pandora criminal called Obi and his horde of nzougbu nzougbu followers called 0BIDIENTS AKA IP0B 0BIDIENTS.

Those ones are always bitter and angry whenever anything good happens to Nigeria

How does this have a bearing on the topic? You guys should be smart in thinking.

sjx566:
The US govt was also sponsoring this project via an IOC also.This project is huge because of its chain or ripple effect that will cut across the entire landscape of Europe. And it is going to be a major decider in the global oil market

They are providing debt financing not sponsoring. In the end, we will not even make gains in this project as what will enter as revenue will be minimal, the rest will go into paying the debts used to finance it, and the tenor takes long, almost 20 years or more.

FreeStuffsNG:
Massive!!!

Oga it is not about being massive. How can other countries provide financing for a project between two countries? At what interest is the financing amount given or do you think it was dash? What is the tenor of the financing that UAE is providing?
You guys just like to report things to show that the government is working without hiding that there are consequences to some investment decisions.

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.

On what basis is the $25b investment being made? What is the interest rate and what is the tenor? $25b is not one moi moi funding it. So in the long run for almost more that 20 years or more, Nigeria will make nothing on the gas flowing on that pipeline, except debt servicing.

Putindbutt:
Before the 5 plots ever dreamed of gas, Nigeria has been using gas for decades.

You people should stop acting like clowns. The south eastern states of Abia, Imo and Anambra have the largest gas reserves. No the ones currently mined in the Niger Delta states.

Irony1:
You people should stop acting like clowns. The south eastern states of Abia, Imo and Anambra have the largest gas reserves. No the ones currently mined in the Niger Delta states.

Are you happy now talking nonsense?. Abeg shift, don't bring madness to my side this early morning biko.

Rossikk:
You are wrong, Mr Man.

There is money in selling gas. Foreign exchange. Dollars that we need now now, for all sorts of projects, since we are in a hurry to develop, and people are hungry.

You said:

How will you ''raise our economy'' without dollars when you need dollars for procurement in your industries, and even to fulfil contracts?

But you are right in the fact that there is money in keeping the gas in-house to build up our industries. But the benefits of that are more long-term.

So why not do both?

We can use the Dual Approach: Allocate a portion of gas for export, but ring-fence significant volumes for domestic use.

- Invest in Gas-to-Power Projects: Build more gas-fired power plants to address our energy crisis.

- Develop Local Value Chains: Encourage industries that rely on natural gas as feedstock (e.g., fertilizer, plastics).

- Build Domestic Pipelines: Expand national gas infrastructure so local manufacturers can access cheap energy.

- Enact Policy Protections: Ensure laws require minimum domestic gas supply obligations (DGSOs) before exports.

That way we get the best of both worlds. Money from gas exports, to power the economy and build infrastructure, and significant gas allocated to the local economy and industrial production.

There is enough gas to do both things!

The USA is by far the largest exporter of natural gas in the world, representing nearly a quarter of global natural gas production.

Followed by Russia, Norway, Qatar, Australia, and Canada.

So what will you say about them?

Are they also 'stupid'?

I am wrong you are right you are blocked

Learn how to engage sensibly

zero8zero:
Gas exploration is more capital intensive than crude oil.

The billions we spent on fixing refineries would have been used for it

If $25 billion enters Nigeria today our story would be very different

Let us stop these bullshit stories

Why invest in a business where you have ZERO CONTROL over the price of the product

Just like crude oil .

Today the price is $50 tomorrow it is 80 and there is ZERO TRANSPARENCY


We must think Nigeria first in everything we do

What is our number one priority in Nigeria Electricity

Not a gas pipeline to Europe which is extractive and exploitative.
No local content . No Technology transfer Zilch!!

There was a time when if you wanted to travel from Lagos to Port Harcourt by train you went first to Kaduna then Took another train from Kaduna to Enugu to Port Harcourt

Why? The British built the Rail

They did not build rail from East to West No All they built was facing the Ports
Kano To Lagos
North to Enugu Enugu to Port Harcourt

So they could take stuff home for THEIR INDUSTRIES


Today it is a pipeline again to EVACUATE ENERGY

They won't even make the pipelines here

Where are the pipelines to Onitsha Where is the gas network in Aba. Don't we know how to use gas in Enugu?


Yes investors will look out for themselves. That is their job but do our leaders look out for us

Julius Berger came to Nigeria in the early 70s . It claims to be a Nigerian company and does more business in Nigeria than any other country

Since that time how many generations of "engineers" have graduated from Nigerian universities? Still go to any of their projects . The top person is a white man. They do not train Nigerians to that level.

What they are interested in is making us PERMANENTLY DEPENDENT on them

See the way Wike boasts about Julius Berger foolishly

He never asks the most important question. When will Nigerians be you top engineers and project managers? Are you investing in Nigerians?

That is what the Chinese did.

That is why they can build rail today

If they awarded any major contract they would insist on a clause for knowledge and technology transfer

We are interested in Money.

Money will always finish .When that happens what is left?

Bandits , kidnappers , fraudsters and prostitutes..

The most important thing is human development not money

This project is coming about because of beef with Russia
That is the cheapest gas for Europe

and that is what determines the price worldwide
Our gas cannot compete with Russia

Will they still have beef in 30 years?

Then what happens when the price of gas crashes

It is the same thing with Lithium ,
Same thing with Gold

People like Davido would go to America and buy Diamonds and trinkets for $100000 that were made from materials taken from Africa for which they paid Africans less than $1000
Same thing with Coffee , cocoa and so on

We end up getting crumbs and celebrate happily

Why is there no street anywhere in Nigeria , Burkina Faso and so on where people go to buy gold , diamonds like in Dubai, Hong Kong

We sell ourselves cheap

Irony1:
They are providing debt financing not sponsoring. In the end, we will not even make gains in this project as what will enter as revenue will be minimal, the rest will go into paying the debts used to finance it, and the tenor takes long, almost 20 years or more.

That is exploitation naaaaa.Hope that arrangement has been disbanded?

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.

But why award the steel to be used project to China? Nigeria has steel pipeline producers here, one of them in lagos is supplying the AKK project with the needed quality steel pipelines.

sjx566:
That is exploitation naaaaa.Hope that arrangement has been disbanded?

That arrangement has not been disbanded ooooo

Putindbutt:
Are you happy now talking nonsense?. Abeg shift, don't bring madness to my side this early morning biko.

No stats from you, so i am not surprised, it is your forte.

PDPdestroyer:
After Tinubu, na Wike, after Wike, na Ganduje, after Ganduje na Atiku, after Atiku na Sowore, after Sowore na me, after me na Obi

This made my day and its barely 10am

femisplash:
The United Arab Emirates has agreed to contribute to a huge gas pipeline project that will connect Nigeria to Morocco and eventually reach Europe.

Morocco’s Minister of Energy Transition and Sustainable Development, Leila Benali, told lawmakers on Tuesday that the UAE is now one of the supporters of the project, which is estimated to cost $25 billion.

“As for finance. The project has won the support of IDB, OPEC Fund, EIB and the UAE,” she said.

Benali also said that Morocco has finished all feasibility and engineering studies needed for the pipeline.

According to Moroccan industry experts, the project has already passed the feasibility study and Front End Engineering Design stages.

The gas pipeline, now called the “African-Atlantic Gas Pipeline”, will connect Nigeria’s gas network with Morocco’s southern city of Dakhla and then go northward toward Europe.

The line will pass through 15 African countries, boosting trade, development, and access to electricity in the region.

In Phase One, it will link Morocco to gas fields near Senegal and Mauritania, and connect Ghana to the Ivory Coast.

Phase Two will link Nigeria to Ghana, while Phase Three will connect the Ivory Coast to Senegal.

Experts said this pipeline will help bring more power to African homes and businesses while encouraging economic partnerships across the region.

With more than 400 million people living along its route, the pipeline is seen as a key driver of regional integration, industrial growth, and improved infrastructure.

Morocco and Nigeria have set up a joint venture to manage the project. They signed a financing agreement earlier to help move it forward.

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.

Benali added that Morocco also aims to become a regional leader in clean energy, with high potential to produce green hydrogen and other renewable resources.
https://punchng.com/uae-to-invest-in-25bn-nigeria-morocco-gas-pipeline-project/

At 6,800 km long, including 5,100 km offshore, the pipeline will become the longest offshore gas pipeline in the world once completed.