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Gas Project: Nigeria, Algeria to Award Contract Soon Nigeria and Algeria will award a feasibility study contract to build the $6 billion Trans-Sahara Gas Pipeline Project (TSGP). The trans-Sahara gas pipeline project entails the supply of Nigeria's natural gas through a 4,400-kilometre long pipeline to Europe via Algeria. The TSGP is being planned as a joint venture between Algeria's Sonatrach and the Nigerian National Petroleum Corporation (NNPC) to allow Nigeria to export its huge natural gas reserves more efficiently to European markets. "It is my hope that the signing of the contract with the selected consultant for the execution of the preliminary feasibility study will take place as scheduled, before the end of 2004," said President Olusegun Obasanjo at the opening of a bilateral summit last week, attended by his Algerian counterpart Abdelaziz Bouteflika. Recently, the two countries after a special session of the Sponsor Management Committee (SMC) of gas pipeline project, approved the work programme of the Preliminary Study Team (PST). Gas is expected to flow at 18 billion cubic metres per year reaching up to 25 billions m3/year from Warri in Nigeria to Beni Saf, Algeria, and finally to consumers in Europe. The Nigerian National Petroleum Corporation (NNPC) is handling the project on behalf of the Federal Government while Algeria's state-run oil company Sonatrach, is in charge for the North African country. The two countries signed a Memorandum of Understanding (MOU) in January 2002. The project will represent the biggest market outlet, after the Liquefied Natural Gas (LNG) project, for Nigeria's huge gas deposits put at 165 trillion cubic feet. has just been signed OPEC members Algeria and Nigeria are the world's second and seventh biggest producers of LNG, respectively producing 21.0 million and 8.7 million tonnes every year, Reuters reported. Nigeria is aiming to be the world's second largest producer by 2015, producing 30.0 million tonnes every year, with Algeria expected to be the world's fifth largest producer with a production capacity of 24.1 million tonnes per year. Who Are We ? | About THISDAYOnLine.com | THISDAY People | Contact Us © Copyright 2000 Leaders & Company Limited

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