Economy

Libya, Nigeria to explore joint gas Pipeline to Europe

Date: Sep 23, 2024

Libya and Nigeria have announced their intention to draft a memorandum of understanding for a comprehensive feasibility study on a proposed gas pipeline project.

This ambitious project aims to channel Nigerian gas to European markets through Libyan territories. The Libyan Ministry of Oil and Gas has expressed optimism about the project's potential economic benefits for both nations.

Amidst the ongoing energy supply concerns exacerbated by the Ukraine conflict, the ministry highlighted the strategic importance of diversifying gas sources for Europe.

The collaboration underscores the commitment of Libya and Nigeria to foster a fair global economic system and strengthen bilateral ties.

--ChannelAfrica--

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