Business A.M
No Result
View All Result
Wednesday, February 18, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Energy

Algeria, Niger, Nigeria position as EU seeks alternatives to Russian energy

by Admin
January 21, 2026
in Energy, Frontpage

By Habeeb Adamu.

Forty years after the idea was first suggested, Algeria, Niger and Nigeria have signed a Memorandum of Understanding (MOU) to build a mega gas-transport project linking the three countries with a pipeline spanning more than 4,000 km (2,500 miles).

The MoU was signed in Algeria on Thursday by Algerian Minister of Energy and Mines Mohamed Arkab, Nigerian Minister of State for Petroleum Resources Timipre Sylva, and Niger’s Minister of Energy and Renewable Energies Mahamane Sani Mahamadou.

The three countries are looking to cash in as the European Union mulls moving away from reliance on Russian energy and increasingly turns to Africa for natural gas imports.

Africa is endowed with vast natural gas reserves but lacks the infrastructure to export it.

The Trans-Saharan Gas Pipeline, estimated to cost $13 billion (€12.75 billion), is intended to begin in Warri, Nigeria, and end in Hassi R’Mel, Algeria, where it will link to existing pipelines that lead to Europe.

When completed, it could transport up to 30 billion cubic metres (1 trillion cubic feet) of gas annually from Nigeria, in West Africa, northward to Niger and then on to Algeria. From there, it could be pumped through the undersea Trans-Mediterranean Pipeline to Europe or loaded onto Liquefied Natural Gas tankers for export.

The idea of the project was first proposed over 40 years ago, but the security situation in the Sahel region and tensions between the governments in Algiers and Niamey partly delayed it. Discussions to construct the pipeline restarted in 2021 when Algeria and Niger reopened their border.

The new momentum comes at a strategic time when the European Union is looking to wean itself off Russian gas and seek alternative sources following Russia’s invasion of Ukraine.

Last week, EU member states agreed to reduce gas consumption as concerns grew that Russia might cut off already decreasing deliveries.

Matthew Baldwin, deputy director general of the European Commission’s energy department, said recently on a visit to Nigeria that the EU was seeking additional gas supplies from Africa’s largest oil producer as the bloc prepares for potential Russian supply cuts.

Baldwin said the EU imports 14 percent of its total LNG supplies from Nigeria and there was potential to more than double that figure.

“(The pipeline) should allow Europe to diversify its sources of natural gas supply but also allow several African states to access this high value energy source,” Niger’s oil ministry said in a statement on Wednesday following a two-day meeting in Nigeria’s capital, Abuja.

Admin
Admin
Previous Post

Seplat Energy records 238% growth in PBT to $209.9m in H1 2022

Next Post

Geregu Power closes N40.1bn corporate bond issuance, Nigeria’s largest by a GenCo

Next Post

Geregu Power closes N40.1bn corporate bond issuance, Nigeria’s largest by a GenCo

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Unilever, Google Cloud partnership raises stakes in consumer goods digital transformation race

Unilever, Google Cloud partnership raises stakes in consumer goods digital transformation race

February 18, 2026
BUA Group leads Gulf–West Africa drive for integrated food and logistics corridor

BUA Group leads Gulf–West Africa drive for integrated food and logistics corridor

February 18, 2026
FairMoney expands SME credit access to boost financial capacity

FairMoney expands SME credit access to boost financial capacity

February 18, 2026
Logistics coordination is a structural efficiency reform, not luxury —Scott Dubin, Logistics Marketplace

Logistics coordination is a structural efficiency reform, not luxury —Scott Dubin, Logistics Marketplace

February 18, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Unilever, Google Cloud partnership raises stakes in consumer goods digital transformation race

Unilever, Google Cloud partnership raises stakes in consumer goods digital transformation race

February 18, 2026
BUA Group leads Gulf–West Africa drive for integrated food and logistics corridor

BUA Group leads Gulf–West Africa drive for integrated food and logistics corridor

February 18, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M