A triple agreement between Algeria, Niger and Nigeria signed for a joint gas project between them
Algerian Minister of Energy and Mines Mohamed Arkab, and his Nigerien counterpart’s Sahabi Omaro and Ekperekpe Ekpo, signed, Tuesday, in Algiers, financing and coordination agreements, regarding the three countries sharing equally the costs of updating the feasibility study for the Nigal gas pipeline project linking them.
The agreements signed during the fourth ministerial meeting of the Trans-Sahara Gas Pipeline Project Steering Committee included ensuring that payments are implemented with complete transparency, in addition to ensuring the confidentiality of data and information related to the project between the parties.
The three ministers approved the appointment of a study office to update the feasibility study, and reviewed the progress made in implementing the roadmap approved during previous meetings held in the capitals of the three countries.
The Algerian Minister of Energy and Mines said in a speech during the opening of the meeting that the gas pipeline project will allow the transfer of between 20 and 30 billion cubic meters of natural gas annually through a pipeline extending more than 4,000 kilometers.
The Algerian minister added that this project is considered a strategic initiative aimed at enhancing cooperation between the three countries, through economic and social development, adding that it represents an important step towards consolidating Africa’s position as a major energy supplier on the international scene.
At the end of the meeting, the energy and oil ministers renewed their countries’ commitment to moving forward with the implementation of this project, stressing the importance of the expected objectives, in terms of enhancing integration and supporting economic development in Algeria, Niamey, and Abuja.
