The Ajaokuta-Kaduna-Kano (AKK) gas pipeline project is a good target for European markets in view of exploring opportunities for gas exportation, Oilserv Limited, the contractor handling the ongoing project, has said.
Nigeria is one of the countries Europe is looking at for gas supply as it looks to reduce dependence on Russia oil in the wake the country’s invasion of Ukraine.
The AKK project, which is the single largest gas project in Nigeria, is important and is expected to stimulate gas infrastructural development and industrialisation in the country.
This was made known by the Chairman of Oliserv Limited, Mr Emeka Okwuosa, during an interview on Tuesday in Abuja, News Agency of Nigeria reported.
AKK gas project, when completed would boost the agricultural and manufacturing sectors, carbon footprint as part of measures to cut down on global warming and provide gas for the generation of power and gas-based industries.
Okwuosa stated that the project aimed at transporting natural gas (raw form) which would enable the production of Compressed Natural Gas (CNG), Liquefied Natural Gas (LNG) among others.
He said, “The project is important to Nigeria because gas is what will help Nigeria to develop.
“Development cannot happen without energy and our greatest form of energy in terms of availability is gas.
“Gas is nothing without transportation you have to send it to where you need it and that’s what we are doing to boost development in the country.
“You can see what is happening in Europe because of Russian gas, everybody is scampering, but we have it.’’
The strategic importance of the AKK gas pipeline project comes to the fore at a time Europe, the single-largest buyer of Russian energy, is weighing the likelihood of gas-supply disruptions as the war with Ukraine continues.
As a result of activities around the AKK project, the country will see over 8 billion standard cubic feet (scf) of gas injected into the domestic pipeline.