Nigeria to Finalize Decision on $25 Billion Morocco Gas Pipeline in 2023

– byGinette · 1 min read
Nigeria to Finalize Decision on $25 Billion Morocco Gas Pipeline in 2023

The year 2023 will be decisive for the Morocco-Nigeria gas pipeline, according to the words of Mele Kyari, the CEO of the Nigerian national oil company. This is a major project that has already been the subject of an agreement between ECOWAS, Morocco and Nigeria.

The feasibility study of this Morocco-Nigeria gas pipeline construction project started in 2017, following the official visit of King Mohammed VI to Nigeria in December 2016. An agreement between Morocco and Nigeria was also signed on June 10, 2018, during the visit to Rabat of Nigerian President Muhammadu Buhari.

The Morocco-Nigeria Gas Pipeline project is expected to cost between $20 and $25 billion. Morocco intends to bring this project to fruition. Nigeria, for its part, has decided to take the final step in 2023. "We will make a final investment decision next year [...] Discussions around financing are ongoing," Mele Kyari told Bloomberg without mentioning the names of the structures that have agreed to support the project’s implementation.

According to Mele Kyari, the project will be carried out in several phases and will run along the West African coast from Nigeria for 5,600 kilometers, passing through Benin, Togo, Ghana, Côte d’Ivoire, Liberia, Sierra Leone, Guinea, Guinea-Bissau, Gambia, Senegal and Mauritania, up to Morocco, and will be connected to the Maghreb-Europe Gas Pipeline and the European gas network. The gas pipeline will also benefit landlocked countries such as Niger, Burkina Faso and Mali.