Energiser Investments Share Discussion Threads

[gibbs1] 09/11/2022 12:24

GTT unveils its innovative three-tank LNG carrier concept with two Approvals in Principle

October 25, 2022 11:45 ET | Source: GTT

GTT unveils its innovative three-tank LNG carrier concept with two Approvals in Principle

Paris – October 25th, 2022. GTT announces that it has received two Approvals in Principle (AiP) for its innovative three-tank LNG tanker design, from DNV and Bureau Veritas (BV). This cutting-edge technological solution is aimed at increasing the profitability and overall performance of the vessel.

This three-tank LNG carrier concept permits a reduction in construction costs through the suppression of one cofferdam, one pump tower and all associated cryogenic equipment (liquid and gas domes, valves, piping, radars, etc.). The overall surface area of the containment system will also be reduced by about 2,000 m², generating lower costs for the materials and vessel construction.

At the same time, the improved ratio between the volume of LNG transported and the surface area of the cryogenic liner will make it possible to reduce the daily boil-off rate. As an example, GTT estimates that it will achieve a boil-off rate as low as 0.080% of tank volume per day with the Mark III Flex technology, compared to 0.085% of the volume per day with the LNG carriers currently in operation.

This new design could also offer time-savings for shipyards and optimise their construction schedule.

DNV and BV have issued an approval in principle for this innovative three-tank LNG carrier design for the Mark III and NO96 technologies developed by GTT.

Philippe Berterottière, Chairman and CEO of GTT, said: "For almost 60 years, the GTT Group has been constantly improving its technologies to offer its customers solutions that meet their requirements as well as those of the regulatory authorities. Thirty years ago, we upgraded LNG carriers from five to four tanks and we now hope to bring the market forward with a three-tank LNG carrier. We hope to see this concept become standard in future years."

Jean-Baptiste Boutillier, VP Development, Innovation and Technical Strategy at GTT, said: "We are honored by the granting of these two approvals in principle for the design of the three-tank LNG carrier. We are convinced that this evolution will benefit all stakeholders by improving the performance of the LNG carrier while reducing its carbon footprint."



About GTT

GTT is a technological expert in containment systems with cryogenic membranes used to transport and store liquefied gases. For over 50 years, GTT has been designing and providing cutting-edge technologies for a better energy performance, which combine operational efficiency and safety, to equip LNG carriers, floating terminals, land storage, and multi-gas carriers. GTT also develops systems dedicated to the use of LNG as fuel, as well as a full range of services, including digital services in the field of Smart Shipping. The Group is also active in hydrogen through its subsidiary Elogen, which designs and assembles electrolysers notably for the production of green hydrogen.

GTT is listed on Euronext Paris, Compartment A (ISIN FR0011726835 Euronext Paris: GTT) and is notably included in SBF 120, Stoxx Europe 600 and MSCI Small Cap indices.

For more information, visit www.gtt.fr.

Media contact:
[e-mail] / + 33 (0)1 30 23 48 45

Investor Relations contact:
[e-mail] / + 33 (0)1 30 23 20 87

About DNV

DNV is the world’s leading classification society and a recognized advisor for the maritime industry. We enhance safety, quality, energy efficiency and environmental performance of the global shipping industry – across all vessel types and offshore structures. We invest heavily in research and development to find solutions, together with the industry, that address strategic, operational, or regulatory challenges. www.dnv.com/maritime

About Bureau Veritas

Bureau Veritas is a world leader in laboratory testing, inspection and certification services. Created in 1828, the Group has close to 80,000 employees located in nearly 1,600 offices and laboratories around the globe. Bureau Veritas helps its 400,000 clients improve their performance by offering services and innovative solutions in order to ensure that their assets, products, infrastructure and processes meet standards and regulations in terms of quality, health and safety, environmental protection and social responsibility.

Bureau Veritas is listed on Euronext Paris and belongs to the CAC 40 ESG, CAC Next 20 and SBF 120 indices.

Compartment A, ISIN code FR 0006174348, stock symbol: BVI.

For more information, visit www.bureauveritas.com, and follow us on Twitter (@bureauveritas) and LinkedIn.
gibbs1
9 Nov '22 - 12:22 - 86 of 86 Edit
0 0 0
Engie has fallen below the 15% threshold in GTT's capital
09 November 2022 - 10:42AM
Dow Jones News



PARIS (Agefi-Dow Jones)--Engie declared on Wednesday to the French financial markets authority (AMF) that on Monday, November 7, 2022, it had crossed the thresholds of 15% of the capital and voting rights of the manufacturer of cryogenic membranes used to transport liquefied natural gas Gaztransport & Technigaz (GTT). The gas and electricity supplier now holds approximately 5.4 million GTT shares with the same number of voting rights, representing 14.65% of the company's capital and voting rights.


This threshold crossing results from the delivery by Engie of 293,219 GTT shares following the conversion of 290,000 bonds (issued by Engie on 2 June 2021 and maturing on 2 June 2024) exchangeable for existing GTT ordinary shares, said the French energy company. On this occasion, Engie declared that it had individually crossed the same thresholds downwards.


-Pierre-Jean Lepagnot, Agefi-Dow Jones [phone]; [e-mail] ed: LBO


Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires


November 09, 2022 05:22 ET (10:22 GMT)

Translated with www.DeepL.com/Translator (free version)

[sarkasm] 26/10/2022 08:57

Engie to supply 200 GWh of solar, wind power to German Schott
.

October 26 (Renewables Now) - The German unit of French energy company Engie SA (EPA:ENGI) will deliver 200 GWh of power from German wind and solar parks to glass manufacturer Schott AG under two power purchase agreements (PPAs).

The contracted electricity will be produced by six solar parks in Germany that went into operation between 2017 and 2020 and a wind farm that started operations at the end of 2021, Engie Deutschland said on Tuesday.

Subscribe for Renewables Now's Corporate PPA Newsletter here for free!

The power will be supplied within a period of three years, starting at the beginning of 2023.

Both contracts have a baseload structure with power delivery from concrete plants and the corresponding certificates of origin.

Schott seeks to become climate neutral by 2030 as one of the first companies in its sector to reach this goal. Switching to 100% renewables and green hydrogen for energy-intensive processes is a central part of the plan.

The Mainz-based company is owned by the Carl Zeiss Foundation and manufactures high-tech materials for specialty glass for clients in the healthcare, consumer electronics, semiconductors, energy and other industries.

[waldron] 07/10/2022 06:35

ENGIE : One can take advantage of the trading range to enter new positions

10/05/2022 | 07:24am BST

Entry price : 12.28€ | Target : 13.26€ | Stop-loss : 11.7€ | Potential : 7.98%

Shares in ENGIE currently show the technical configuration of a trading range.

The recently observed decline yields a good timing for new long positions close to the support level.


Investors have an opportunity to buy the stock and target the € 13.26.

[la forge] 21/9/2022 07:02

Procter & Gamble, Engie Partner on Solar Power Project
09/20/2022 | 02:06pm BST


(MT Newswires) -- Procter & Gamble (PG) and Engie North America said Tuesday they have reached a 200 megawatts power purchase agreement from Engie's Sun Valley solar project, located in Texas.

The companies said that the solar energy agreement, which is the largest for P&G globally, will supply the company with more than 530,000 megawatts hour annually once production starts at Sun Valley later this year, which is enough to power one in every three residences in Cincinnati.

The agreement, which is part of P&G plans to speed-up action toward net zero greenhouse gas emissions by 2040, is aimed to displace more than 367,000 metric tons of CO2-equivalent from the grid annually, they said.

Financial terms of the collaboration were not disclosed.

Price: 137.9, Change: -0.09, Percent Change: -0.07

[waldron] 16/9/2022 15:26

forbes


Reveals Three Ways Digital Twins Can Improve The Efficiency Of Solar Plants

Judith MagyarBrand Contributor

Sep 16, 2022,09:50am EDT

ENGIE is a global reference in low-carbon energy and services. Inspired by its raison d’être, its 170,000 employees, customers, partners and stakeholders worldwide are accelerating the transition towards a carbon-neutral world through reduced energy consumption and more environmentally-friendly solutions. In South America, ENGIE Chile has launched a number of energy projects as part of its commitment to end coal-fired power generation by substituting it with renewables such as solar.
Finding the right balance

That’s a tall order, especially in a long and narrow country like Chile, hemmed in by the Pacific Ocean on one side and the Andes Mountains on the other. While the desert where the solar fields are set up to generate electricity is home to the copper, gold, silver, and lithium mines, it is far from Santiago, the capital, where the center of solar plant operations is located.

“The biggest challenge of the energy transition is not just about harnessing and distributing the power of natural resources,” said Benedicte Piret, Leader of Efficiency and Sustainability at ENGIE Chile, at the recent International Conference for Utilities, presented by SAP and TAC Events in Munich, Germany. “Yes, we depend on the availability of the resource, but our biggest problem is to maintain the perfect balance between demand and production at all times, while keeping the energy mix as carbon neutral as possible.”

The ability to respond to demand depends greatly on a country’s energy mix. In Chile, thanks to an ongoing transition away from fossil fuels, the mix now includes 20% hydro and 25% wind and solar. While renewables are gaining ground, there are still some hurdles to wider adoption such as the intermittency of production, the realities of the market, regulations and a power transmission infrastructure which was built with large fossil fuel and hydro plants in mind.
Maintaining infrastructure

“Our solar fields are located in arid, windy landscapes,” Bénédicte Piret explained to the audience. As part of ENGIE Chile’s Asset Management team, Bénédicte Piret’s job is to make sure the company’s electrical generation assets achieve top performance and to find ways to integrate new digital technologies to increase the efficiency and value of assets. While renewable sources of energy such as solar are free and relatively cheap to operate, performance and maintenance require appropriate strategies and technology suited to the specific environmental conditions to which they are exposed.





In contrast to other regions where vegetation management is a problem along power lines, in Chile heavy winds carry sand and dust which cover the solar panels. “Cleaning the dust off the panels to increase performance is one of the toughest maintenance tasks,” said Bénédicte Piret. “
Harnessing digital twins

Solar power generation depends on the location of the plant, season, weather conditions, and overall plant performance. Maintaining an optimum between plant performance and maintenance costs over the lifetime of the assets is an important aspect in a sustainable energy transition.

In order to achieve such efficiency when assets are located thousands of miles away from the center of operations, Bénédicte Piret and her team embarked on a pilot project with SAP Enterprise Product Development (EPD) simulation based digital twin technology, part of SAP Industry Cloud offering.

Pairing the physical world with the virtual one allows the company to easily process huge chunks of data guided by the physical model of the asset. It validates real-time measurements based on the physical model and processes the measurements in order to provide a real-time dynamic reference of the expected production of the asset.

“The integrated digital twin allowed us to better plan our interventions thanks to remote diagnostics and systematic measurement of their impact on the performance,” said Bénédicte Piret. “Having a physical model as a base also significantly reduces the amount of instrumentation needed for a reliable and precise monitoring of the asset compared to statistic-based models, which allows us to focus more on key equipment.”

On top of that, having a model integrating real-time performance and maintenance records on the SAP platform is a great benefit for the performance teams. They now have all information in one place. Relevant events are automatically detected, the team receives reliable alerts and their impact is systematically measured.

Thanks to the technology, Bénédicte Piret’s team could see spikes of improved performance. For example, when a rare bout of rain washed the grime off the solar panels, it helped them adjust their maintenance plan to reflect the favorable weather conditions and reduce the cost of sending a cleaning crew during that period.

The pilot project, which ran for seven months on a small plant, demonstrated very promising results. Accurate and reliable real-time alerts helped decrease production losses by 11% as broken fuses were promptly replaced by local maintenance teams, and CO2 emissions were reduced by 10% when planned maintenance visits were optimized thanks to improved monitoring.

ENGIE Chile sees the model-based based integrated digital twin as an innovative and reliable tool to achieve a number of goals. First, it can detect anomalies in plant behavior and make recommendations on recovery actions. Next, it successfully measures the impact of maintenance activities on equipment performance to optimize costs. And finally, it is able to predict electrical photovoltaic plant output based on meteorological data using simulation techniques.

“Our digital twin was able to give us useful insights about how to act more efficiently,” said Bénédicte Piret. “We’re very excited about this innovative concept and its potential to improve how we manage solar plant performance.”



Follow me on Twitter.

Judith Magyar

[la forge] 16/9/2022 08:59

Orange is also keeping sustainability high on its agenda, unveiling support for a company that designs and produces connected devices, which enable more responsible energy consumption for heating homes. The telco said that Tiko, a subsidiary of the French utility group Engie, plans to deploy 800,000 connected devices in France over the next five years, which will remotely control electric radiators via the Orange LTE-M network. Expectations are that this will save up to 35% in energy costs, at a time when many countries around the world are struggling with the ongoing energy crisis. The solution is backed by Sierra Wireless, Lacroix and STMicroelectronics, which are Orange’s partners in its IoT Continuum programme. See more.

[la forge] 16/9/2022 08:49

GTT: sharp decline after new Engie share sale

JB.A. Published on 16/09/2022 at 09h11


GTT: sharp decline after new Engie share sale



(Boursier.com) - GTT dropped 4% to 115.9 euros the day after the announcement of a new sale of shares by Engie.

The energy group placed about 2.2 million GTT shares (representing about 6% of GTT's share capital) at a unit price of €115.5, according to information from 'Bloomberg'.


This price represents a discount of 4.3% on the closing price on Thursday evening.

Engie has undertaken that the remaining shares held in GTT will be subject to a one-year lock-up agreement.

Translated with www.DeepL.com/Translator (free version)

[the grumpy old men] 30/8/2022 09:29

Dow Jones Newswires

Engie Says Gazprom Will Further Reduce Gas Deliveries
Published: Aug. 30, 2022 at 2:24 a.m. ET
0

By Cristina Roca

French utility Engie SA said Tuesday that Gazprom PJSC has informed it of a reduction in gas deliveries starting the same day.

The reduction is due to a disagreement on the application of some contracts, Engie said.

Engie said deliveries of Russian gas had already fallen significantly since the war in Ukraine began. It cited recent monthly supply of about 1.5 terawatt-hours. Engie's total supplies in Europe amount to more than 400 terawatt-hours a year, it said.

The company also said it has secured the gas it needs to meet its commitments and its own requirements.

Write to Cristina Roca at [e-mail]

[the grumpy old men] 30/8/2022 08:50

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN
THE UNITED STATES OF AMERICA OR IN AUSTRALIA, CANADA OR JAPAN OR
ANY OTHER JURISDICTION IN WHICH OFFERS, OR SALES OF THE SECURITIES
WOULD BE PROHIBITED BY APPLICABLE LAW

Financial Information

March 23, 2022

ENGIE to sell part of its shareholding in GTT

• Sell-down of c. 3 million GTT shares representing approximately 8% of
GTT’s share capital through an accelerated bookbuild offering to
institutional investors

• The disposal is consistent with ENGIE’s enhanced divestment programme
for non-core businesses and minority shareholdings, and follows the
strategic review for its shareholding in GTT initiated in November 2020 as
well as the previous sell-down of 10% of GTT’s share capital in May 2021
and the issuance of Exchangeable Bonds in June 2021 over 10% of GTT’s
share capital

• ENGIE’s shareholding in GTT would, upon completion of the Offering and
in case of exchange in full of the outstanding Exchangeable Bonds, be
reduced to c. 12% of GTT’s share capita

[the grumpy old men] 30/8/2022 08:47

Engie Says Gazprom to Reduce Gas Deliveries Starting Tuesday

French utility says it has secured enough gas to meet demand

Prime minister has urged businesses to reduce energy use

By

Francois De Beaupuy

Bloomberg

30 août 2022 à 08:38 UTC+2
Updated on30 août 2022 à 09:36 UTC+2

@FrancoisDeBeaup


Russian energy giant Gazprom PJSC has informed Engie SA of a reduction in gas deliveries starting Tuesday because of disagreements over some contracts, the French utility said, signaling a further squeeze in Europe’s energy supplies.

The announcement follows Monday’s call from French Prime Minister Elisabeth Borne for businesses to cut energy use or face possible rationing this winter if Russia halts gas deliveries in retaliation for Europe’s support for Ukraine. A much higher than usual number of outages at Electricite de France SA’s aging nuclear reactors is also straining the energy market, sending gas and electricity prices in Europe to records.

[waldron] 28/8/2022 18:21

France Nears Deal With Algeria for More Natural Gas Imports

Tara Patel, Bloomberg News


French power prices for the fourth quarter rose as much as 4.6 percent to record 77.50 euros per megawatt-hour, according to broker data compiled by Bloomberg.


French utility Engie SA is closing in on an agreement with Algeria for an increase in imports of natural gas, a deal that could come after an official visit to the country by President Emmanuel Macron.

“Diplomatic negotiations are ongoing,” government spokesman Olivier Veran said Sunday on BFM TV, adding that an announcement could come shortly. Europe 1 radio first reported on the possible accord that could raise deliveries by about 50%. Veran declined to comment on the figure.

“There was a rapprochement during the visit,” he said. “The visit can’t be summarized by energy questions, even though in the current context the question of energy was on the table.”

Engie Chief Executive Officer Catherine Macgregor, who was part of Macron’s delegation, met with Algeria’s energy minister and the head of state-run Sonatrach, Europe 1 reported. France gets about 8% of its gas from Algeria, it said.

An Engie spokesman confirmed ongoing talks, but declined to give details about the nature or timing of any new agreement.

Algeria is Europe’s biggest gas supplier after Russia and Norway, including to France, and it has discovered new reservoirs that have drawn growing interest. The Algerian government recently signed deals with Italy for increased gas shipments.


(Adds comment from Engie in fifth paragraph.)

[ariane] 27/8/2022 16:39

flandersnews.be

Open letter to keep another two nuclear reactors open longer, but Engie says "no"

Staff working at the nuclear reactors Doel 3 and Tihange 2 have put forward the option of keeping them open longer amidst the urgency of the energy crisis. However Engie, the company that manages the sites, has retorted that this is impossible.


Michaël Torfs
15:59



Doel 3 and Tihange 2 are scheduled to close in September this year and February next year respectively following the law on the nuclear phase-out in Belgium. However, employees working at the nuclear plants have written an open letter to the federal government proposing to keep them open until after the winter of 2025-2026.

One trades union source says the letter enjoys broad support among the staff, another source says the support varies. "We finally want to speak out. We are very concerned about about the deepening energy crisis in this war, and we are ready to make our contribution to have an answer to the Russian aggression with clean energy", one passage reads.

Doel 3 and Tihange 2 are the two nuclear reactors which showed cracks in the past. They had to be put offline for maintenance works as a result, but staff say this problem can be tackled. The youngest nuclear reactors in Belgium, Doel 4 and Tihange 3, will stay open longer because of the energy crisis.

But the scenario of four reactors staying open longer, is not so probable, despite the International Energy Agency (IEA) having made the same suggestion before. The French energy suppliers Engie have said that "it is impossible to extend the lifetime of the two reactors because of technical and safety reasons."

[waldron] 22/8/2022 18:16

Engie SA said Monday that its 50-50 joint venture with EDP Renovaveis SA, Ocean Winds, was awarded two seabed leases for offshore wind projects in Scotland.

Ocean Winds was named the preferred bidder by Crown Estate Scotland for two sites off the Shetland Islands with a total of 2.3 gigawatts capacity, the French energy company said.



Write to Ed Frankl at [e-mail]



(END) Dow Jones Newswires

August 22, 2022 11:07 ET (15:07 GMT)

[grupo guitarlumber] 01/8/2022 17:00

offshoreenergy.biz


Gasunie sells remaining Eemshaven LNG terminal capacity to Engie



August 1, 2022, by Sanja Pekic

French energy major Engie has booked the remaining capacity of the Eemshaven LNG terminal, owned by the Gasunie subsidiary EemsEnergyTerminal.


EemsEnergyTerminal sold the remaining capacity of the LNG terminal in Eemshaven to Engie which purchased the last billion cubic metres (bcm). The total eight bcm available in the Eemshaven LNG is now sold out.

Earlier contracts were signed with ČEZ (Czech Republic) and Shell Western LNG B.V.

The first delivery of LNG through the terminal is to take place as early as mid-September.

With these new capacities added to its existing LNG portfolio, Engie wants to strengthen its energy diversification strategy and increase its ability to supply LNG to Europe.

Ulco Vermeulen, a member of the executive board of Gasunie, said: “In a period of just three months, the floating LNG terminal is now completely sold out. In the coming weeks, all attention will be focused on the technical preparation of the location for the floating terminal. This too will take place at record speed.”

According to Marc Pannier, executive committee member of an Engie’s business entity, “these new capacities are part of ENGIE’s strategy to secure the supply for our customers and support the energy independency in Europe.”

Until this year, the Netherlands only had an LNG terminal in the port of Rotterdam.

The expansion in Eemshaven and the optimisation of the Rotterdam terminal will double the LNG import capacity.

The new LNG terminal in Eemshaven will consist of two floating storage and regasification units (FSRUs): the Exmar S188 and the Golar Igloo. Both are to arrive at Eemshaven in early September.


Over the next five years, the floating terminal will convert LNG into gaseous natural gas in Eemshaven, after which it can be fed into the national natural gas network. In total, an additional eight bcm can be brought to the Netherlands.

[grupo guitarlumber] 01/8/2022 16:43

Ajay Patel from Goldman Sachs retains his positive opinion on the stock with a Buy rating.

The target price is being increased from EUR 19.60 to EUR 20.20.

[waldron] 01/8/2022 16:39

Engie unveils H122 profits surge ‘in unprecedented market’
Monday 1st August 2022
Facilitate Team
web_increasing-graph_credit_jdwfoto_shutterstock_1906897330.png

ENGIE unveils H122 profits surge ‘in unprecedented market’ – jdwfoto-Shutterstock

ENGIE has seen its overall net income more than double year-on-year during the first half of the year in light of the jump in commodities prices – buoyed by a supply squeeze caused by the Ukraine war.

The group’s financial statement for the half-year shows net income for the six months to June 30 rose to €5 billion (£4,117 billion) from €2.3 billion (£1,923 billion) a year earlier, as energy firms cash in on a sharp rise in oil and gas prices following the invasion.

Revenue at €43.2 billion was up 72.3% on a gross basis and 71.3% on an organic basis. EBITDA at €7.5 billion was up 44.3% on a gross basis and up 43.2% on an organic basis. EBIT at €5.3 billion was up 75.3% on a gross basis and up 73.1% on an organic basis.

Capex in H122 amounted to €3.3 billion, of which €2.2 billion was growth capex, dedicated to renewables, networks and energy solutions activities, aligning with the group’s strategic roadmap.
Efficiency improvements

Against high levels of inflation, ENGIE says it maintained the momentum on efficiency improvements through the implementation of its performance plan and net EBIT contribution in the first half reached €163 million and efforts to improve the performance of loss-making entities continue. It expects its 2022-2023 performance plan contribution to reach about €0.5 billion net EBIT contribution.

ENGIE is keeping its 2022 financial guidance unchanged, citing uncertainty over the state of the general energy market, but for winter 2022/23 it claims to have substantially cut its exposure to volumes procured from Russia's Gazprom.

Since March, it says it has taken action to limit direct exposures arising from the risk of interruptions to Russian gas supplies. It remains confident about securing additional volumes from new supply sources for winter 2023-24, including liquefied natural gas, and says the expected decrease in demand would help to negate the need for Russian stocks.

It also marks “continued momentum” in executing its strategic plan, with acceleration in renewables and decentralised energy infrastructures, adding 2.2 GW of renewable capacity in the first half, including 1.3GW commissioned. The group says it is on track to meet its target to add 4GW on average per year of renewable capacity until 2025. This target is fuelled by a growing pipeline that stood at 71GW at end of June, up 5GW compared with December 2021. The additional capacity was notably boosted by 952MW for Moray East offshore wind park, commissioned by Ocean Winds, ENGIE’s joint venture with EDPR dedicated to offshore wind.

It adds that the sale of EQUANS is on track for completion in H2 2022.

CEO Catherine MacGregor said: “ENGIE continues to perform strongly, benefiting from the strength of our integrated business model. We have taken actions to significantly reduce and minimise our exposure to Russian gas and the H1 performance positions us well to deliver strong results in 2022, despite uncertainties from the prevailing energy market context.

“Looking ahead, our teams are playing and will continue to play an active role in supporting decarbonisation, energy security and affordability for our customers. The current energy market context calls for a much faster energy transition on which ENGIE is unwaveringly focused.”

[the grumpy old men] 31/7/2022 08:40

Algeria, Nigeria, and Niger sign MoU for $13bn Trans Saharan gas pipeline

Oil & GasMidstreamPipeline

By NS Energy Staff Writer 29 Jul 2022

The more than 4,000km long onshore gas pipeline is planned to start in Warri in Nigeria, travel through Niger, and end in Hassi R’Mel in Algeria, from where it will connect to existing pipelines that reach Europe
Pipeline sunset.

The Trans Saharan gas pipeline will have a transportation capacity of up to 30bcm per year. (Credit: outgunned21/Freeimages)

Algeria, Nigeria, and Niger have inked a memorandum of understanding (MoU) to build the $13bn Trans Saharan gas pipeline that will traverse the three African countries across the Sahara Desert.

The MoU was signed in Algiers by the Algerian Minister of Energy and Mines Mohamed Arkab, Nigerian Minister of State for Petroleum Resources Timipre Sylva, and Niger Minister of Energy and Renewable Energy Mahamane Sani Mahamadou.

Expected to be more than 4,000km long, the onshore pipeline is designed to transport up to 30 billion cubic metres (bcm) of natural gas per annum to Europe.

The MoU follows an agreement in June 2022 between the three African countries for reviving the gas pipeline project, which had been discussed for nearly four decades.

In 2009, an accord was signed by Nigeria, Niger, and Algeria to build the Trans Saharan gas pipeline project with an aim to commission it in 2015. However, the project could not be implemented so far due to various reasons, which include security concerns.

Last month, the Nigerien oil ministry stated that the three African countries had established a task force for the pipeline project and designated an entity for updating a feasibility study, reported the Al Jazeera Media Network.

The proposed pipeline will source natural gas from Nigeria and traverse north through Niger, and further to Algeria.

It is planned to start in Warri in Nigeria and end in Hassi R’Mel in Algeria. From there, it will connect to existing pipelines that reach Europe.

The project’s revival come at a time when the European Union is grappling with the supply of natural gas and is looking for alternative sources, following the launch of Russia’s military operations in Ukraine.