Says Gas Will Take Africa to the Next Level
By Olivia Samuel, The Sight News
ABUJA—The Group Managing Director, Nigerian National Petroleum Corporation, Dr. Maikanti Baru, has called on African Oil Producing Countries to collaborate, especially in the area of infrastructure.
Baru, who made the call on Monday at the Nigeria Petroleum Summit (NIPS) 2019 in Abuja, disclosed that Nigeria and Morocco are presently collaborating to construct a gas pipeline that will traverse at least 15 West African countries and connect the existing Europe gas pipeline.
He announced that the feasibility study has been concluded and the pre-Final Investment Decision(FID) greenfield optimisation study is currently ongoing.
According to him, “This pipeline will help in the industrialisation of these countries. It will also meet the needs of European consumers for heating and other uses.
“We see gas as a fuel to take Africa to the next level. New gas discoveries have been recorded offshore Senegal, Mauritania, Mozambique and are in various stages of development.
“Nigeria is also targeting to take FID on LNG Train 7 this year. So African countries need to collaborate and trade among each other not only in terms of oil and gas but also in other key sectors so that the multiplier effect is seen across our various economies”, Baru said.
He further noted that the Nigeria Petroleum Summit (NIPS) is a veritable platform to galvanize Africa’s response to global oil and gas challenges.
The theme of the NIPS 2019 is “Shaping the Future through Efficiency and Innovation”.