The Nigerian National Petroleum Corporation, NNPC, has disclosed that the $12 billion Trans-Saharan Gas Pipeline project, TSGP is still on track.
This was revealed by the GMD of NNPC, Maikanti Baru, in his speech while receiving the National Coordinator of The New Partnership for African Development (NEPAD-Nigeria), Ms.Gloria Akobundu in Abuja.
The Trans-Saharan Gas Pipeline is a 4,401 kilometres natural gas project to be constructed from Nigeria, starting from Warri, Delta State, to Algeria via Niger Republic, and from Algeria to Spain. The pipeline has been projected to cost $12 billion.
The Federal Government had committed $400 million for the commencement of the project, while an additional $450 million was raised through Euro-bonds in 2014. The feed of a 48 inches pipeline from Calabar to Kano has been completed.