• Stakeholders consider options for gas export amid Russia/Ukraine warThe Guardian gathered that thousands of workers have deserted site, especially, in the section spanning Abuja to Kano as terrorists continue their onslaught on life and property in the area.
Recall that the AKK has been in the plan for decades with tender issued by NNPC in July 2013 and approval granted by the Federal Executive Council in December 2017, the construction only commenced in July 2020 to last for 24 months. Although the company shortly after then secured a $5 billion corporate finance commitment from the African Export-Import Bank to fund major investments in Nigeria’s upstream sector, sources close to the project revealed that funding for the AKK remained a set back, as workers have practically deserted site, especially, in the section being handled by Chinese firms.
Amidst domestic gas crisis, last week, Baldwin was at the Ministry of Petroleum Resources in a meeting with the Minister of State for Petroleum Resources, Timipre Sylva, to intensify the push for gas supply from Nigeria. According to him, the development would also create access to other parts of Africa. Ene insisted that while infrastructure projects are driven by demand and not desire, there remained a latent demand from Europe and the rest of Africa, stressing that there is need to demonstrate the demand to attract capital.
“At the moment, gas infrastructure may not be at the level expected for gas terminals, assets and infrastructure to produce the gas for the country to uptake either through liquefied or gas pipelines.
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