Emmanuel explains to FORBES AFRICA: “The 4,128-km gas pipeline linking the AKK pipeline from Kano through Niger Republic to Algeria was intended to supply the trans-Mediterranean pipeline. The inability of the Economic Community of West African States (ECOWAS) and the African Union (AU) to find a diplomatic solution to the Sahel impasse jeopardizes this vital project, as well as the capacity of Nigeria, Algeria, and Egypt to surpass other producers like Tanzania and Mozambique.”
He further underscores Russia’s influence on gas dynamics, pointing out that the embargo on Russian gas and the inability to secure letters of credit (LC) for gas exports from Nord Stream I and II have led to a demand-supply gap in the African gas market.
Source link : https://www.forbesafrica.com/current-affairs/2023/08/31/african-gas-supply-landscape-the-dominance-of-nigeria-algeria-and-egypt/
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Publish date : 2023-08-31 07:00:00
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