NNPCL Plans Another $8bn International Gas Pipeline Project

The Nigerian National Petroleum Company Limited (NNPCL), says it plans to construct another international gas pipeline valued about $8billion.

Mele Kyari, the Group Chief Executive Officer of the company disclosed this on Thursday, in a video clip from the ongoing 8th Organisation of Petroleum Exporting Countries International Seminar in Vienna, Austria, according to agency report.

According to Kyari, who participated in a roundtable conversation at the seminar, with the theme: “Eradicating Energy Poverty” the proposed $8bn pipeline would go through Niger Republic to Algeria and Europe.

He explained that the plan to construct another Liquefied Natural Gas facility with another train was to double the current capacity.

“We are building a $25bn pipeline from Nigeria to Morocco through 11 West African countries. We plan to make another pipeline through the Niger Republic and Algeria into Europe, and the potential is between $7bn to $8bn.

“We are also expanding our LNG (Liquefied Natural Gas) facility with another train. And, of course, what that does is that it doubles the capacity of the current facility, and this is going to be made available to the market”, the NNPCL CEO said.

The NNPCL and its partners recently signed a Memorandum of Understanding (MoU), to construct a $25bn Nigeria-Morocco gas pipeline to supply gas from Nigeria to about 11 African countries and transport it to Morocco via Europe.