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
28 March 2024
The country’s largest gas field is a bright spot for the North Sea, boasting cleaner operations amid a changing mood in Europe over hydrocarbons
28 March 2024
Whether OPEC+ starts to unwind its oil production cuts from June will depend on heavily debated unfolding supply-demand balances
28 March 2024
As a gas supply shortfall looms, balancing regulatory flexibility with energy security and investor confidence will be critical
27 March 2024
Oil producers have to untangle the increasingly complicated relationship with their natural resources