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Nigeria reports $ 13bn price tag for Trans-Saharan Gas Pipeline
The Trans-Saharan Gas Pipeline Project, or TSGP, will cost $ 13 bn and
will deliver its first gas in 2015, a senior Nigerian official said.
Emmanuel Odusina, Minister of State for Energy (Gas) said Nigeria,
Algeria and Niger have agreed to spend $ 10 bn on the project and $ 3 bn
has been set aside for gas gathering.
The 4,400 km pipeline will transport 20 bn to 30 bn cm of natural gas
from Nigeria to Europe through Niger and Algeria, the Nigerian National
Petroleum Corp., or NNPC, said. The gas is to be exported to Europe.
Emmanuel Odusina said Nigeria would be setting aside between 13 and 15
tcf of gas for the project for the first 25 years.
Nigeria's gas reserves are estimated at 184 tcf, but industry officials
have expressed doubt the country can produce adequate gas for TSGP given
the current shortage of gas for domestic use. Odusina said gas for TSGP
has been earmarked, and will be available.
Chakib Khelil, Algeria's Minister of Mines and Energy, said the three
countries had the capacity to finance the project and said the European
market would need the gas produced by TSGP by its start-up date.
