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Libya Accepts to Transport Nigeria's Gas to Europe

Libya Accepts to Transport Nigeria's Gas to Europe
Oct 11, 2022 · 55s

The Libyan government of National Unity has offered to transport Nigerian gas to Europe through its territory. Libyan Oil and Gas minister, Mohammed Aoun, says the distance between Nigeria's gas...

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The Libyan government of National Unity has offered to transport Nigerian gas to Europe through its territory.
Libyan Oil and Gas minister, Mohammed Aoun, says the distance between Nigeria's gas wells and European markets is at least 1,000 kilometers shorter than the two gas pipeline projects passing through Algeria and Morocco, thus reducing the cost of transport and therefore the gas prices.
Libya however faces many challenges to achieving this project; security, financial, technological, and market aspects. It is also working against the clock as Europe aims for carbon neutrality by 2050.
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Author Africa Business Radio
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