Gazprom's Investment in Trans-Saharan Gas Pipeline – Implications for Europe
The russian gas company OAO Gazprom is in talks with the Nigerian government regarding investments in the 4,300 Km long, 48-56 inches diameter Trans-Saharan gas pipeline (TSGP). The pipeline, which would connect the Niger delta in Nigeria and Niger, to existing gas transmission hubs to the European Union at El Kala or Beni Saf in Algeria’s Mediterranean coast, is expected to cost $10 billion, of which Gazprom will intially invest $2.5 billion. After the feasibility studies are over, the project will commence in 2009 and will take six years for completion. In 2015, once this gas pipeline commences operations, Nigeria will become one of the biggest sources of natural gas for continental Europe.
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Gazprom's Investment in Trans- Saharan Gas Pipeline – Implications for Europe Reference Code: GDGE0568VPT Publication Date: JUN 2008 Energy Viewpoint GDGE0568VPT / Published JUN 2008 © GlobalData. This brief is a licensed product and is not to be photocopied Page 1 Table of Contents 1 Table of Contents 1 Table of Contents 2 1.1 List of Figures 4 2 GlobalData Viewpoint 5 2.1 Summary 5 3 Gazprom's Investment in Trans-Saharan Gas Pipeline – Implications for Europe 6 3.1 European Union’s Efforts to Reduce Dependency on OAO Gazprom 9 3.2 Gazprom’s Strategy to Sustain its European Dominance 9 3.3 Conclusion 10 4 Recent Developments 11 4.1 Jun 17, 2008: Gazprom Enters Into North African Energy Market 11 4.2 Jun 12, 2008: Gazprom To Spend $30 Billion On Nigerian Gas Pipeline Project 11 4.3 Feb 12, 2008: Gazprom To Participate In Nabucco Pipeline 11 4.4 Jan 18, 2008: Eni, Gazprom Incorporate South Stream 12 4.5
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