Mele Kyari, group managing director of Nigerian National Petroleum Corporation
Nigeria secures $2.5bn gas pipeline finance
Stakeholders will sign an agreement with Chinese lenders by Q2 2020 to fund the country’s biggest pipeline project
Nigeria will close a $2.5bn financing agreement with Chinese lenders by the start of the second quarter of 2020 to fund the single biggest gas pipeline project in the country’s history, after months of holding talks with China on financing a project seen as being central to expanding gas output in the West African nation. On completion of the 614km Ajaokuta-Kaduna-Kano (AKK) natural gas pipeline, new gas-to-power plants will push power generation capacity to more than 10,000MW, in a country of nearly 200mn people that has faced perennial electricity shortages for decades. Africa’s biggest economy struggles with power output, generating less than 7,000MW. Three new captive gas-fired plants, t
Also in this section
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
