Economic Calendar

Sunday, January 18, 2009

Gazprom Seeks to Participate in Nigerian Gas Pipeline to Europe

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By Ahmed Rouaba

Jan. 17 (Bloomberg) -- OAO Gazprom, Russia’s gas exporter, is interested in participating in a gas pipeline project that would link Nigeria to Europe through Algeria.

“The project is important for us,” Boris Ivanov, Chief Executive Officer of Gazprom Netherlands, told Bloomberg News in an interview while in Algiers to sign an exploration contract.

“I am on a tour of Africa,” Ivanov said. “I will discuss with partners the feasibility of the project. If the project is done, we will participate in it.”

The pipeline is being studied by Nigerian National Petroleum Corp. Gazprom already has a presence in both Nigeria and Algeria.

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To contact the reporter on this story: Ahmed Rouaba in Algiers through the newsroom in London or arouaba@bloomberg.net.




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