The most significant Natural Gas development project is the West African Gas Pipeline (WAGP) project. The WAGP will traverse 620 miles both on and offshore from Nigerias Niger Delta region to the Volta River Authoritys power plant at Takoradi, Ghana. The $600 million WAGP will initially transport 120 MMcf/d of gas to Ghana, Benin and Togo. In September 2005, WAGP began laying the 353-mile main offshore segment of the pipeline offshore Ghana. The pipeline is being laid approximately 12 miles offshore at a rate of up to two miles per day. Tie-in points will take natural gas to metering and custody transfer stations at Lome in Togo and Cotonou in Benin. Completion of the pipeline installation is projected for December 2006. Natural gas deliveries are expected to be at 400 MMcf/d when the pipeline is functioning at its capacity (approximately 15 years after construction). In February 2003, the four nations involved in the WAGP signed an agreement on the projects implementation. The treaty, which is for a 20-year period, provides for a comprehensive legal, fiscal and regulatory framework, as Well as a single authority for the implementation of the project. The WAGP partners are ChevronTexaco with 36.7 percent, NNPC with 25 percent, Shell with 18 percent, Ghanas Takoradi Power Company with 16.3 percent and Societe Beninoise de Gas and Societe Togolaise de Gas each with a 2 percent interest.