• Home
  • Advertisement
  • Disclaimer
  • FAQS
  • Contact
  • Radio
facebook
linkedin
twitter
  • header-slide-0
  • header-slide-1
  • header-slide-2
  • header-slide-3
  • header-slide-4
  • header-slide-5
  • News
  • Education
  • Health
  • Business
  • Fashion
  • Technology
  • Sport
  • Life Style
  • Government
  • Immigrants
BREAKING NEWS
To Our Dedicated Readers…
Experts Divulged: African Nations should brace up for Digital Technology in the Education Sector to Expedite Africa’s Financial Growth and Quality Education
The East Africa Device Assembly Kenya (EADAK): Sold 360,000 devices being Inaugurated on its Blast-off in October 2023
….as it strives to Exploit its Supplies of Fossil Fuels: £19 Billion Gas Pipeline would pass…13 Countries
In a Bid to Accelerate Green Energy Economy, Kenya Reveals a 10-year Implementation Plan
African Leaders: Lift-off African School of Governance…
Zimbabwe: In Alacrity to Participate in the Forthcoming Minerals Africa Summit in Cape Town South Africa
Rwanda: MPs in the Lower House started Nationwide Assessment on progress of the Agricultural Outreach season
$2.8 Million has been Vitally signed: By Grid Africa as an Equity Investment from Rifuwo Energy Partners
The Elected African Table Tennis Federation Executive Council: Agreed on a Memorandum of Understanding with Ethiopian Airlines

….as it strives to Exploit its Supplies of Fossil Fuels: £19 Billion Gas Pipeline would pass…13 Countries

Posted On 01 Nov 2024
By : NADN
Comment: 0

By Abdul Rahman Bangura-

NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– The African Landmass has 12% of the world’s oil reserves and 8% of gas supplies.

As it stands, it’s enticing billions of pounds of investment as it glances to launch over 400 oil and gas projects over the next four years.

In 2024, around £85 billion is anticipated to be invested in energy across Africa. Most of that money, £54 billion, drives into fossil fuel schemes, with the remainder financing a range of clean energy technologies.

One of the primary projects on headline, is the schedule to build a gas pipeline from Nigeria to Morocco.

The pipeline would extend for 4,350 miles and pass through thirteen countries along the Atlantic coast.

It will have a capacity of 10 billion cubic metres a year and could cost as much as £19 billion.

The pipeline has the proclivity to be extended to Spain, as a result; making it simpler for African nations to sell their gas to European markets.

Nigeria’s administration is very akin to get the project off the ground and exploit its abundant gas resources.

According to estimates from the US Energy Information Administration, the country has the world’s ninth-largest proven gas reserves.

Thus, the country flares off vast amounts of gas produced along with crude oil due to a lack of infrastructure to make use of it.

 

New Africa Daily News Abdul Rahman Bangura Reports, Africa Correspondent

About the Author
  • google-share
Previous Story

In a Bid to Accelerate Green Energy Economy, Kenya Reveals a 10-year Implementation Plan

Next Story

The East Africa Device Assembly Kenya (EADAK): Sold 360,000 devices being Inaugurated on its Blast-off in October 2023

Leave a Reply Cancel reply

*
*

RECENT

POPULAR

COMMENTS

To Our Dedicated Readers...

Posted On 04 Nov 2024

Experts Divulged: African Nations should brace up for Digital Technology in the Education Sector to Expedite Africa’s Financial Growth and Quality Education

Posted On 04 Nov 2024

The East Africa Device Assembly Kenya (EADAK): Sold 360,000 devices being Inaugurated on its Blast-off in October 2023

Posted On 04 Nov 2024

….as it strives to Exploit its Supplies of Fossil Fuels: £19 Billion Gas Pipeline would pass…13 Countries

Posted On 01 Nov 2024

In a Bid to Accelerate Green Energy Economy, Kenya Reveals a 10-year Implementation Plan

Posted On 31 Oct 2024

To Our Dedicated Readers...

Posted On 04 Nov 2024

New Africa Daily News Coming Soon

Posted On 31 Mar 2019

New Africa Daily News Coming Soon

Posted On 31 Mar 2019

New Africa Daily News Coming Soon

Posted On 31 Mar 2019

Guinea Bissau President, urge to Norminate Prime Minister

Posted On 14 Jun 2019
banner

Recent Posts

  • To Our Dedicated Readers…
  • Experts Divulged: African Nations should brace up for Digital Technology in the Education Sector to Expedite Africa’s Financial Growth and Quality Education
  • The East Africa Device Assembly Kenya (EADAK): Sold 360,000 devices being Inaugurated on its Blast-off in October 2023
  • ….as it strives to Exploit its Supplies of Fossil Fuels: £19 Billion Gas Pipeline would pass…13 Countries
  • In a Bid to Accelerate Green Energy Economy, Kenya Reveals a 10-year Implementation Plan

Recent Comments

    Categories

    • Business
    • Education
    • Fashion
    • Featured
    • Health
    • Life Style
    • News
    • Sport
    • Technology
    • Uncategorized

    Tags

    Copyright 2014 - 2017 New Africa Daily News, Inc. A Global International Company, Inc. All Rights Reserved.