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Sputnik International
China's total overseas energy financing last year dropped to its lowest level since 2008 but still topped US$4.6 billion, with two-thirds - US$3.1 billion - going to Africa. Most of the money, about US$2.5 billion, went into the building of a natural gas pipeline in Nigeria, funded by the Exim Bank of China. The Ajaokuta-Kaduna-Kano natural gas pipeline is the country's biggest domestic gas transmission infrastructure and is expected to revive.