A view shows a tower flaring gas at an LNG processing plant operated by Shell and others in Bonny Island, in Rivers state, Nigeria June 21, 2017. REUTERS/Paul Carsten
Nigeria will be able to send more liquefied natural gas (LNG) to Europe by next winter, Oil Minister Timipre Sylva said on Wednesday at the Gastech conference in Milan.
As Europe seeks alternatives to dwindling supplies of Russian gas, the minister said that security issues are delaying deliveries of more gas at the moment but Nigeria will build a pipeline Nigerian gas through Algeria to Europe.
Nigeria will soon take the final decision over the investment to build the infrastructure, the minister said, adding that the project is likely to cost more than $10 billion.
The Nigerian and Algerian state oil companies will be involved, Sylva said, adding that other private investors have also shown interest.
Italian energy group Eni (ENI.MI) may also be involved in the project, he said without elaborating.
The Times of Earth ( TOE) founded in 1999, is a multilingual newspaper that is printed and circulated in many countries including some parts of the United States and Canada. It is considered as the largest trusted & respected international multimedia news/financial information source of the world.