Matthew green

The European Union, increasingly anxious to reduce its dependence on Russian gas following the conflict in Georgia, has offered Nigeria financial and political backing for a Euro15 billion ($21 billion, £12 billion) trans-Saharan pipeline to pump its gas directly to Europe.

Renewed European interest in the project comes against a backdrop of mounting fears that Gazprom, the Russian gas monopoly, is intent on winning access to Nigeria’s vast gas reserves as part of a strategy to tighten its grip on energy supplies to Europe.

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Posted by boyang at September 17, 2008 11:34 AM