The Federal Government is intensifying high-level discussions on a proposed $20 billion transcontinental gas pipeline designed to deliver Nigeria’s extensive natural gas resources to European markets.
The initiative, which was a key focus of talks in London, United Kingdom, aims to boost energy security while creating long-term economic benefits for Nigeria.
According to the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, the proposed pipeline—dubbed a transformative gas corridor—is planned to transport up to 30 billion cubic meters of gas annually from Nigeria’s southern reserves through Chad and Libya, before extending subsea to Sicily, Italy, and the wider European market.
Ekpo described the discussions as both historic and timely, emphasizing Nigeria’s readiness to attract investments into its gas sector.
“Nigeria’s natural gas resources provide a unique opportunity for investors. With the Petroleum Industry Act and the president’s executive directives for the petroleum sector, the environment is favorable for investment. We must utilize these resources to improve the lives of people in the region,” Ekpo said, adding that with sufficient financial support, the project is achievable.
Olalekan Ogunleye, Executive Vice President for Gas, Power and New Energies at NNPC Limited, reaffirmed Nigeria’s policy alignment and commitment to investment, noting that the national oil company is focused on unlocking value across the gas value chain.
“The NNPC has a clear Gas Master Plan, and the president’s gas-led initiatives are meant to drive investments across the sector. Our strategy is aligned with the national agenda, aiming to create investable opportunities, remove bottlenecks, and partner with credible investors,” Ogunleye said.
Roger Tamraz, Founder and CEO of Netoil Inc., leading the project, described the pipeline as commercially viable and strategically critical for Europe’s energy future. Alain Bolo, CEO of Unicorn, highlighted its potential to reduce gas flaring and position Nigeria as a leading gas supplier to Europe. Netoil project director Henry Erimodafe called it a “strategic win-win” that could generate jobs, attract investments, and unlock long-term value.
Still in the early stages of development, the pipeline is being advanced by a consortium of global industry players and will undergo rigorous technical, commercial, and regulatory assessments. Stakeholders expressed optimism that the project could redefine Nigeria’s role in the global energy market while strengthening energy ties with Europe.
