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$1.1 billion West African gas pipeline ready for commissioning
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THE $1.1billion 1,000 kilometres West African gas pipeline (WAGP) has been completed and ready to be commissioned for operation, according to the group managing director of the Nigerian National Petroleum Corporation, Funsho Kupolokun.
The pipeline traverses 1,000 kilometres both onshore and offshore from Nigeria's Niger Delta region to its planned terminus in Ghana. Four nations, Nigeria, Ghana, Togo and Benin have signed a 20-year agreement on the implementation of the pipeline which provides for a comprehensive legal, fiscal and regulatory framework, as well as a single authority for the management of the project.
The project begun in 1982 when the Economic Community of West African States proposed the development of a natural gas pipeline throughout West Africa. In the early 1990's, a feasibility report deemed that a project was commercially viable, and in September 1995, the governments of the four countries signed an Agreement.
The pipeline is owned and operated by a consortium of Chevron (38%), Nigerian National Petroleum Corporation (25%), Royal Dutch Shell (17%), Takoradi Power Company Limited (16 per cent), Sociéétéé Togolaise de Gaz (SoToGaz - 2% cent) and Sociéétéé Beninoise de Gaz S.A. (SoBeGaz - 2%).
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