London, United Kingdom – The Federal Government ramps up discussions on a proposed transcontinental gas pipeline to deliver 30 billion cubic metres annually from Nigeria’s southern reserves via Chad, Libya, and subsea to Sicily, Italy, targeting Europe’s energy markets.
Okay News reports Minister of State for Petroleum Resources (Gas) Ekperikpe Ekpo in London: “Nigeria is set for investors to take advantage of this natural gas… We must be intentional in the utilisation of our resources,” crediting Petroleum Industry Act and executive orders for creating an investment-friendly environment.
NNPC Limited’s Executive Vice President Olalekan Ogunleye emphasized readiness: “The NNPCL is ready for business,” aligning with President’s gas-led initiatives to unlock value chain investments and remove bottlenecks.
Netoil Inc. CEO Roger Tamraz, leading the consortium with Unicorn and others, called it commercially viable and strategically critical, promising reduced gas flaring, jobs, and Nigeria’s dominance as Europe’s supplier amid Middle East oil disruptions.
The early-stage project faces technical, commercial, and regulatory hurdles but positions Nigeria as energy security partner while global crude shortages from Iran war elevate gas’s strategic appeal.
