Nigeria okays West African Gas Pipeline

Nigerian National Petroleum Corp., Royal Dutch/Shell, and Chevron Corp. signed a $20 million joint venture agreement in late September to join in construction of the West African Gas Pipeline.At a ceremony the previous week in Cotonou, capital of Benin, a memorandum of understanding for the pipeline was signed by the energy ministers of Nigeria, Benin, Togo, and Ghana-the four nations involved in the scheme.Speaking at the contract signing in Abuja, NNPC Managing Director Jackson Gaius-Obaseki said that the project would be executed in stages and that the first stage-feasibility studies-had been completed at a cost of $2 million.Gaius-Obaseki said that a concession agreement would soon be...

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