Expanding Oil and Gas Exploration and Production in Niger

Expanding Oil and Gas Exploration and Production in Niger

The International Energy Agency (IEA) predicts the global demand for oil and gas to increase and oil demand alone to expand by 3.3 million barrels (mb/d) per day in 2022 and return to pre-COVID levels of 99.7 mb/d, a development that will provide an opportunity for African producers such as Niger to expand its oil and gas industry and help meet demand.

In a bid to ramp-up exploration and production to achieve this objective, Niger is making its regulatory and fiscal environment conducive for oil and gas energy market players.

The recent signing of the Declaration of Niamey’ between the energy ministries of the Republic of Niger, Algeria and Nigeria during the Economic Communities of West African States (ECOWAS) Mining and Petroleum Forum (ECOMOF) in Niamey on February 16, 2022 is a game changer that will unlock the potential of the country’s oil and gas sector in meeting global energy demand.

The agreement paves way for the development of the multi-billion, 4,128km Trans-Saharan Gas Pipeline project which will connect the three African countries with the European market to trade up to 30 billion cubic meters of natural gas per annum.

A $4.5 billion, 1,950km pipeline project is also underway in Niger and expected to