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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: emaildelivery@businesswire.com X-To: TX-INDUSTRIAL-INFO-RES@businesswire.com X-cc: X-bcc: X-Folder: \ExMerge - Thomas, Paul D.\Deleted Items X-Origin: THOMAS-P X-FileName: paul d thomas 6-26-02.PST Welcome to eMail News Delivery, a service from Business Wire. Here is your Industrial Information Resources Inc. news release. If you have received this in error please send a message to: eMailDelivery@businesswire.com with the following command in the body of the message: unsubscribe TX-INDUSTRIAL-INFO-RES If you have questions about this service, please contact your Business Wire Account Executive or service@businesswire.com BW0253 JAN 07,2002 7:42 PACIFIC 10:42 EASTERN ( BW)(TX-INDUSTRIAL-INFO-RES) Pipe Link Through Algeria Could Bring Nigerian Gas to Europe, in an Advisory by Industrialinfo.com Business/Energy Editors HOUSTON--(BUSINESS WIRE)--Jan. 7, 2002--The following is an advisory by Industrialinfo.com (Industrial Information Resources Incorporated, Houston, Texas). Nigeria and Algeria have signed a memorandum of understanding, which could see Nigerian gas being exported to Europe by pipeline. The pipeline construction studies to be undertaken between the two countries will look at a route from southern Nigeria, through Abuja and across Niger and the Sahara Desert to Beni Saf on Algeria's Mediterranean coast. Beni Saf is planned as the terminus for the proposed pipeline between Algeria and Spain. The original project to build a pipeline around the West African coast to Algeria did not progress, although it spawned the West Africa Gas Pipeline between Ghana, Nigeria, Togo and Benin, which is now scheduled for construction. The new plan will need 4,000 kms of pipe laying at a cost estimated between $5 and $7 billion and would see Nigerian gas flowing through the new line to Spain and the existing line to Italy. In the wake of the Enron debacle, Nigeria LNG, Italy's ENI, and Spain's Iberdrola are looking at the gap which will occur for the Bonny liquefied gas complex if the US company's intention to buy 4 billion cubic meters a year has evaporated. This could motivate action plans for the new pipeline. So far, the Spanish have signed for 1.5 billion cubic meters and the Italians 1 billion cubic meters of gas and February 2002 is the scheduled decision time on whether to go ahead with production from the planned fourth and fifth trains at the Bonny complex. Industrialinfo.com provides daily news related to the industrial market place including industry alerts and databases for the energy and industrial markets. For more information on trends and upcoming construction activities for the Oil & Gas Transmission markets as well as other industrial sectors send inquiries to oilandgastransmissiongroup@industrialinfo.com or visit us at www.industrialinfo.com or www.iirenergy.com. --30--BMD/ho* CONTACT: Industrialinfo.com, Houston Ed Weatherly, 713/783-5147 KEYWORD: TEXAS INTERNATIONAL AFRICA/MIDDLE EAST EUROPE INDUSTRY KEYWORD: ENERGY OIL/GAS SOURCE: Industrialinfo.com For the best viewing of the news releases please use the following email settings: Courier 10 point. -Notice of Copyright and General Disclaimer- © 2000 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission. - Notice of Copyright and General Disclaimer -- © 1999 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission.
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