Algeria invites Indian firms to participate in pipeline construction
Mon, 23 August 2010
Algeria has invited Indian companies to participate in the construction of the $US10 billion Trans-Saharan Gas Pipeline, according to Indo-Asian News Service.
“We need more foreign partners outside Europe for this 4,000 km long project,” Algerian Ambassador to India Echarif Mohammed-Hacene is reported to have said.
“We hope Indian companies will show interest – not only for capital formation, but also to build the capacity itself,” said Mohammed-Hacene.
The Trans-Saharan Gas Pipeline will supply natural gas from the gas fields of the Niger Delta Basin in Nigeria to European markets via Niger and Algeria, and across the Mediterranean.
Russia's Gazprom, Italy's ENI, French firm Total and Royal Dutch Shell have previously shown interest in the pipeline project.
Image caption:
Algerian Ambassador to India Echarif Mohammed-Hacene.
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