Sep 10, 2017
Shell strikes Nigerian gas deal
Royal Dutch Shell is joining forces with a Nigerian company to develop gas pipeline infrastructure in the country in a deal that highlights the push by the world's biggest energy groups to entrench demand for gas in growing economies of Africa. Shell's Nigerian business has signed a $300m agreement with Shoreline Energy to develop, market and distribute natural gas around Lagos, the commercial capital of Africa's largest economy. The deal is the latest example of global energy groups investing in terminals, pipelines and power infrastructure around Africa as a way to promote gas as the best solution to the continent's chronic shortage of electricity-generating capacity. Philip Mshelbila, general manager for gas at Shell's Nigerian subsidiary, said the deal, which will be announced as early as Monday, was "An important next step in the expansion of the Nigerian domestic gas market". Eni of Italy is investing in a gas terminal and pipeline to connect newly developed gas resources off the coast of Ghana to the local market and Total of France is building a floating gas storage facility off Ivory Coast.
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