Expert States Africa-Atlantic Gas Pipeline Unlikely to Be Finished
The article compares the proposed African-Atlantic gas pipeline project from Morocco, which connects Nigeria to the Atlantic coast, with the trans-Saharan gas pipeline project involving Nigeria, Niger, and Algeria. It notes that the African-Atlantic pipeline faces economic difficulties because it does not guarantee the recovery of investments due to the distribution of transit rights among 11 countries, each receiving 5% of the gas rights. This distribution reduces the project's returns and makes it economically unfeasible, according to American oil expert Jeff Porter. In contrast, the trans-Saharan gas pipeline, which has been underway since June and aims to transport 20 to 30 billion cubic meters annually, is seen as an opportunity to enhance energy integration across Africa, achieve greater economic returns, solidify Algeria’s position as an energy hub, and serve as a vital route to support energy security and regional economic stability.
Notice: This Is an AI-Generated Summary
Comments (0)