"Nigeria Begins Talk With Libya for Construction of Regional Gas Pipeline Project"

" Nigeria Begins Talk With Libya for Construction of Regional Gas Pipeline Project \r\n\r\nThe Nigeria government has commenced discussion with the north African country, Libya, for a gas pipeline construction project between both country.\r\n\r\nThis was hinted by the Minister of Petroleum (gas), Ekperikpe Ekpo, while meeting with the Libya\u2019s Minister of Oil, Dr. Khalifa AbduAlsadik, on the sidelines of the Gastech Exhibition and Conference 2024 holding in Houston, USA.\r\n\r\nEkpo said the potential gas pipeline would begin from Nigeria to Libya.\r\n\r\nAccording to him, this strategic meeting aims to strengthen energy cooperation between the two nations\r\n\r\nTaking to his X handle, Ekpo said:\r\n\r\n \u201cMinister of State Petroleum Resources (Gas),Rt. Hon. Ekperikpe Ekpo, meets with Libya\u2019s Minister of Oil, Dr. Khalifa AbduAlsadik, on the sidelines of the Gastech Exhibition and Conference 2024 holding in Houston, USA, to discuss the possibility of developing a regional gas pipeline from Nigeria to Libya.\u00a0\u00a0 \r\n\r\n \u201cThis strategic meeting aims to strengthen energy cooperation between the two nations.\u00a0 \r\n\r\n \u201cOn the Nigerian delegation were\u00a0 Mr. Olalekan Ogunleye, EVP Gas NNPC Ltd, Mr. Maher Giundi, International Business Advisor to the GCEO of NNPCL and Mr. Odiong Ekanem, Technical Adviser\u00a0 to Minister of State Petroleum Resources (Gas); while the Libyan team had Dr. Basteet Al Ashab, Mr. Khalid Jatbi and\u00a0 Mr. Yousef Al Shatwi.\u201d\u00a0\u00a0 \r\n Backstory\u00a0 \r\nThe discussion surrounding the construction of a regional pipeline between Nigeria and Libya has been ongoing for some time, as both nations are key oil and gas producers in Africa.\r\n\r\nIn 2022, the then Libya\u2019s Oil Minister, Mohamed Aoun,\u00a0 proposed \u00a0that the ongoing $13 billion Nigeria-Morocco Gas Pipeline (NMGP) from Nigeria should pass through Libya instead of Algeria, another resource-rich African country.\r\n\r\nThe cross-border pipeline is expected to transport gas from Nigeria to other African nations and the European market upon completion.\r\n\r\nThe pipeline spans 5,600 km and will traverse 13 African countries: Nigeria, Benin Republic, Togo, Ghana, Cote D\u2019Ivoire, Liberia, Sierra Leone, Guinea, Guinea Bissau, Gambia, Senegal, Mauritania, and Morocco.\r\n What you should know\u00a0 \r\nNigeria\u2019s transition from oil to gas in the oil and gas sector has been ongoing for decades, driven by the country\u2019s vast gas reserves compared to its crude oil reserves.\r\n\r\nAccording to the latest data from the Nigerian Upstream Regulatory Commission (NURPC), Nigeria\u2019s crude oil reserves stand at 37 billion barrels, while the country boasts\u00a0 a gas reserve of approximately 202 trillion cubic feet (tcf), with about 139.4 tcf being recoverable. \r\n\r\nThis shift towards gas was further reinforced by President Tinubu through the signing of new executive orders aimed at boosting the gas industry.\r\n\r\nAdditionally, President Tinubu inaugurated three gas\u00a0 plants to enhance gas production in the country by at least 25%. \r\n\r\nThese plants are located in Delta and Imo states, respectively."

"Nigeria Begins Talk With Libya for Construction of Regional Gas Pipeline Project"

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