National Economy
Sunday, May 11, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Business

Libya Accepts To Transport Nigeria’s Gas To Europe

by Chika Izuora
3 years ago
in Business, News
Reading Time: 2 mins read
Transport
Share on FacebookShare on TwitterShare on Telegram

 

The Libyan government of National Unity has offered to transport Nigerian gas to Europe through its territory.

According to Libyan Oil and Gas minister, Mohammed Aoun, the distance between Nigeria’s gas wells and European markets is at least 1,000 kilometres shorter than the two gas pipeline projects passing through Algeria and Morocco, thus reducing the cost of transport and therefore the gas prices.

However, Libya faces many challenges to achieve this project; security, financial, technological and market aspects. It is also working against the clock as Europe aims for carbon neutrality by 2050.

You May Like

Kwara Gov Approves Recruitment Of More Medical Workers

Nigeria Loses $3.6bn Annually To Foodborne Illnesses

The first announcement of the intention to establish a project for a pipeline to transport Nigeria’s gas through Libya was made in June.

At that time, the spokesman for the Libyan Government of National Unity, Mohammed Hammouda, revealed in a press conference that the government “has permitted the ministry of Oil and Gas, to conduct technical and economic studies for the feasibility of establishing a gas pipeline project from Nigeria passing Niger or Chad to Europe via Libya.”

On 25 September, Libyan Oil and Gas minister, Mohammed Aoun, announced that the study had been submitted to government. The preliminary study decided that the pipeline should cross from Niger instead of Chad. An in-depth study was to  be conducted within six months.

Exploratory discussions on the feasibility of this project commenced between Libya and Nigeria on the margins of the African Petroleum Producers Organisation (APPO) meeting in September.

Once the Ajaokuta–Kaduna–Kano (AKK) pipeline in Nigeria is completed, it can be connected to the Green Stream pipeline starting from the Wafa field, 500 kilometres southwest of the Libyan capital Tripoli, on the border with Algeria.

In a statement, Aoun affirmed the possibility that Libya may need to import gas from Nigeria, this is, in spite of the fact Libya is a gas-exporting country and has huge gas reserves. Tribal leaders in Libya have repeatedly closed oil and gas fields, halting production.

ShareTweetShare
Previous Post

Stakeholders Advocate Policy For Rice Fortification In Nigeria

Next Post

Oil Prices To Maintain Upward Trajectory–RBC Capital Markets

ANOTHER GOOD READ

Kwara Gov Approves Recruitment Of More Medical Workers
News

Kwara Gov Approves Recruitment Of More Medical Workers

2 days ago
Nigeria Loses $3.6bn Annually To Foodborne Illnesses
News

Nigeria Loses $3.6bn Annually To Foodborne Illnesses

2 days ago
Senate Passes 2 Remaining Tax Reform Bills, Recommends Tax Tribunal
News

Senate Passes 2 Remaining Tax Reform Bills, Recommends Tax Tribunal

2 days ago
News

Olubadan Suspends 2 Chiefs Over Alleged Land Grabbing

2 days ago
Fire Destroys Multimillion Naira Foam Factory In Oyo
News

Fire Destroys Multimillion Naira Foam Factory In Oyo

2 days ago
Court Grants EeZeeTee N20m Bail Over Alleged $255,000 Forex Fraud
Business

Court Grants EeZeeTee N20m Bail Over Alleged $255,000 Forex Fraud

2 days ago
Next Post
Oil Prices To Maintain Upward Trajectory–RBC Capital Markets

Oil Prices To Maintain Upward Trajectory--RBC Capital Markets

Most Recent

Kwara Gov Approves Recruitment Of More Medical Workers

Kwara Gov Approves Recruitment Of More Medical Workers

May 9, 2025
Nigeria Loses $3.6bn Annually To Foodborne Illnesses

Nigeria Loses $3.6bn Annually To Foodborne Illnesses

May 9, 2025
Senate Passes 2 Remaining Tax Reform Bills, Recommends Tax Tribunal

Senate Passes 2 Remaining Tax Reform Bills, Recommends Tax Tribunal

May 9, 2025

Olubadan Suspends 2 Chiefs Over Alleged Land Grabbing

May 9, 2025
Fire Destroys Multimillion Naira Foam Factory In Oyo

Fire Destroys Multimillion Naira Foam Factory In Oyo

May 9, 2025
Court Grants EeZeeTee N20m Bail Over Alleged $255,000 Forex Fraud

Court Grants EeZeeTee N20m Bail Over Alleged $255,000 Forex Fraud

May 9, 2025
TomTom Launches 2025 BTI Verse Challenge with Yaba Showdown   

TomTom Launches 2025 BTI Verse Challenge with Yaba Showdown  

May 8, 2025
2025 Hajj: Sokoto Begins Airlift Of Intending Pilgrims May 9

2025 Hajj: Sokoto Begins Airlift Of Intending Pilgrims May 9

May 7, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy