Nigeria's Minister of State for Petroleum Resources, Chief Timipre Sylva speaks during the Saudi Green Initiative Forum to discuss efforts by the world's top oil exporter to tackle climate change in Riyadh, Saudi Arabia, October 23, 2021. REUTERS/Ahmed Yosri
MILAN, Sept 7 (Reuters) – Nigeria will be able to send more liquefied natural gas (LNG) to Europe by next winter, Oil Minister Timipre Sylva said on Wednesday at the Gastech conference in Milan.
As Europe seeks alternatives to dwindling supplies of Russian gas, the minister said that security issues are delaying deliveries of more gas at the moment but Nigeria will build a pipeline Nigerian gas through Algeria to Europe.
Nigeria will soon take the final decision over the investment to build the infrastructure, the minister said, adding that the project is likely to cost more than $10 billion.
The Nigerian and Algerian state oil companies will be involved, Sylva said, adding that other private investors have also shown interest.
Italian energy group Eni (ENI.MI) may also be involved in the project, he said without elaborating.
"Everybody is welcome," he added.
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Abu Dhabi National Oil Co (ADNOC) (ADNOC.UL) Chief Executive Sultan al-Jaber said on Thursday there was little room to manoeuvre in oil markets that may face further disruption with minimal spare capacity.
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