Shell signs a contract for 101 million USD for a gas pipeline project in Nigeria
13 April 2011
Shell has just signed a contract valued at 101 million dollars for the construction of a gas pipeline in Nigeria.
The contract was concluded with local company Saipem Contracting Nigeria Limited, for a 42 km-long gas pipeline, which will carry gas destined for the internal market.
The Nigerian government is planning to exploit its gas reserves and increase the output of electricity from gas-powered electricity power stations and to export natural gas, said Shell in a press release reported by Agence France Presse.
Elsewhere, vice-president of Gazprom, Alexander Medvedev, has just stated that the Trans-Saharan Gas Pipeline (TSGP) - which will link Nigeria to Europe - is a "major project" for the Russian group.
At 4,128 kilometers, the gas pipeline could transport 20 to 30 billion cubic meters of natural gas from Nigeria to Europe (via Niger and Algeria) from 2015, reports the news website algerie360.