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Home National

Nigeria Targets European Market with Proposed $20bn Gas Pipeline

Federal Government engages stakeholders on proposed transcontinental pipeline expected to deliver Nigerian gas to Europe and attract major investment into the sector.

James Johnson by James Johnson
May 6, 2026
in National, Nigeria, Politics
Reading Time: 2 mins read
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Nigeria Targets European Market with Proposed $20bn Gas Pipeline
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The Federal Government of Nigeria has intensified discussions on a proposed $20 billion transcontinental gas pipeline intended to supply natural gas from Nigeria to European markets.

The project was a key focus of recent engagements held in London, where government officials and industry stakeholders explored its potential to enhance energy security and generate long-term economic benefits.

Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, said the pipeline is designed to transport up to 30 billion cubic metres of gas annually. The proposed route would extend from southern Nigeria through Chad and Libya, then continue offshore to Sicily, Italy, and onward to other parts of Europe.

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Ekpo noted that ongoing policy reforms, including the implementation of the Petroleum Industry Act, are aimed at creating a favourable environment for investors in the gas sector. He added that the government is seeking to maximise the country’s natural gas resources for economic development.

Also speaking, the Executive Vice President for Gas, Power and New Energies at NNPC Limited, Olalekan Ogunleye, said the national oil company is aligning its strategy with government initiatives to attract investment and expand opportunities across the gas value chain.

Project promoter Roger Tamraz described the pipeline as commercially viable, citing demand in Europe and available financing options. Other stakeholders highlighted its potential to reduce gas flaring, create jobs, and strengthen Nigeria’s position in the global energy market.

The initiative, which remains at an early stage, is being developed by a consortium of international partners and will undergo further technical, financial, and regulatory assessments before implementation.

Tags: Ekperikpe Ekpoenergy export NigeriaEurope gas supplygas infrastructureglobal energy marketNigeria economyNigeria energy sectorNigeria gas pipelineNNPC LimitedPetroleum Industry Act
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James Johnson

James Johnson

James Johnson is a journalist and news writer at News Velocity, covering politics, business, energy, and current affairs. With a focus on breaking news and developing stories, he is committed to accurate reporting, balanced journalism, and delivering stories that matter.

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