The Nigeria-Morocco Gas Pipeline project has been successful in acquiring a series of key milestones towards its development. Recently, groundbreaking agreements were signed among the nations participating in it, including a crucial Host Country Agreement. Engineering and feasibility studies have also been undertaken, and the route for the pipeline determined. Minister of Energy Transition Leila Benali reported the following developments during a session of Morocco’s Council of Advisors. She confirmed that a special-purpose company will be established within a short period between the two main nations.
The aim of the company is to manage the realization of the pipeline. Furthermore, the special-purpose company is expected to push the project to the final investment decision by 2025 year-end. The monumental project is anticipated to connect Nigeria’s natural gas reserves to Morocco and extend to Europe. The cost will be $25 billion and the pipeline will span 6,000 kilometers through various African nations. It is projected to carry 15 to 30 billion cubic meters of gas per year.
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Significance and Scope of Implementation of the Nigeria-Morocco Gas Pipeline Project
The project is of great regional and international importance. It will improve the energy access of about 400 million individuals in 13 African countries. Besides, it will fund industrial, economic, and digital development in Nigeria and Morocco. The construction of Morocco’s national gas network, with the creation of a new network from Nador to Dakhla, is a critical step. The project will also make Morocco a prime energy transit point between Europe, Africa, and the Atlantic. In addition, it is expected to create thousands of employment opportunities in its area. Phased construction, a final investment decision within 2025, and a relentless push are beginning to emerge. The project, therefore, is a strategic initiative with long-term benefits for Africa and beyond.
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New MoU signed for the cross-border Nigeria-Morocco Gas Pipeline project
