New Telegraph: Cash Crunch Stalls Nigeria’s $20bn Gas Project

The $20 billion Trans-Saharan gas pipeline project through which Nigeria will transport natural gas to Europe is stalled over shortage of funds, New Telegraph has gathered. The project, which when completed, would transport about 30 billion standard cubic feet (scuf) of natural gas from Nigeria through Niger, Algeria to Europe, is, according to checks, not getting funds due to oil price rout, which has affected budget of the Nigerian National Petroleum Corporation (NNPC) and other stakeholders in the project.

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