Nigeria puts money into gas drive
A state guarantee for the bulk of the financing needed for a big pipeline project suggests Nigeria is serious about boosting domestic gas supplies
Successive Nigerian governments have talked about better utilising the country’s vast gas reserves to drive economic growth—with little to show for it. But measures announced by President Muhammadu Buhari’s administration look set to get the sector moving. The flagship projects in this push are two new gas pipelines and a series of power stations along their routes, designed to alleviate decades of inadequate electricity supply. The 614km Ajaokuta-Kaduna-Kano (AKK) pipeline will take gas from the Niger delta to northern Nigeria, while the Escravos-Lagos Pipeline System (ELPS) 2 project will double the capacity of a pipeline serving the country’s largest city. The government underscored its
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields