Pipe Link Through Algeria Could Bring Nigerian Gas to Europe, in an Advisory by Industrialinfo.com.Business/Energy Editors HOUSTON--(BUSINESS WIRE)--Jan. 7, 2002 The following is an advisory by Industrialinfo.com (Industrial Information Resources (1) The data and information assets of an organization, department or unit. See data administration. (2) Another name for the Information Systems (IS) or Information Technology (IT) department. See IT. Incorporated, Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the ). Nigeria and Algeria have signed a memorandum of understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. , which could see Nigerian gas being exported to Europe by pipeline. The pipeline construction studies to be undertaken between the two countries will look at a route from southern Nigeria, through Abuja and across Niger and the Sahara Desert to Beni Saf on Algeria's Mediterranean coast. Beni Saf is planned as the terminus for the proposed pipeline between Algeria and Spain. The original project to build a pipeline around the West African West Africa A region of western Africa between the Sahara Desert and the Gulf of Guinea. It was largely controlled by colonial powers until the 20th century. West African adj. & n. coast to Algeria did not progress, although it spawned the West Africa West Africa A region of western Africa between the Sahara Desert and the Gulf of Guinea. It was largely controlled by colonial powers until the 20th century. West African adj. & n. Gas Pipeline between Ghana, Nigeria, Togo and Benin, which is now scheduled for construction. The new plan will need 4,000 kms of pipe laying at a cost estimated between $5 and $7 billion and would see Nigerian gas flowing through the new line to Spain and the existing line to Italy. In the wake of the Enron debacle, Nigeria LNG LNG (liquefied natural gas): see under natural gas. , Italy's ENI, and Spain's Iberdrola are looking at the gap which will occur for the Bonny Bonny (bŏn`ē), town, SE Nigeria, in the Niger River delta, on the Bight of Biafra. In the 18th and 19th cent., Bonny was the center of a powerful trading state, and in the 19th cent. it became the leading site for slave exportation in W Africa. liquefied gas complex if the US company's intention to buy 4 billion cubic meters a year has evaporated. This could motivate action plans for the new pipeline. So far, the Spanish have signed for 1.5 billion cubic meters and the Italians 1 billion cubic meters of gas and February 2002 is the scheduled decision time on whether to go ahead with production from the planned fourth and fifth trains at the Bonny complex. Industrialinfo.com provides daily news related to the industrial market place including industry alerts and databases for the energy and industrial markets. For more information on trends and upcoming construction activities for the Oil & Gas Transmission markets as well as other industrial sectors send inquiries to oilandgastransmissiongroup@industrialinfo.com or visit us at www.industrialinfo.com or www.iirenergy.com. |
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