Financial Times FT.com

Brussels takes on Gazprom in Nigeria

By Matthew Green in Abuja

Published: September 17 2008 03:00 | Last updated: September 17 2008 03:00

The European Union, increasingly anxious to reduce its dependence on Russian gas following the conflict in Georgia, has offered Nigeria financial and political backing for a €15bn ($21bn, £12bn) trans-Saharan pipeline to pump its gas directly to Europe.

Renewed European interest in the project comes against a backdrop of mounting fears that Gazprom, the Russian gas monopoly, is intent on winning access to Nigeria's vast gas reserves as part of a strategy to tighten its grip on energy supplies to Europe.

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