HomeNewsNigeria-Morocco $27 billion gas pipeline project approved by ECOWAS

Nigeria-Morocco $27 billion gas pipeline project approved by ECOWAS

Following the signing of a historic agreement at the Economic Community of West African States (ECOWAS) summit on Sunday, July 19, in Freetown, Sierra Leone, West African leaders have approved the building of the Nigeria-Morocco Gas Pipeline.

The project, which is projected to cost over $27 billion, is anticipated to increase access to natural gas, boost energy cooperation throughout West Africa, and establish a new export channel connecting Africa with Europe.

According to Naija News, the proposed 6,000-kilometer pipeline will carry natural gas from Nigeria through 13 nations along the Atlantic coast of Africa before arriving in Morocco, where it will join the current Maghreb-Europe Gas Pipeline.

Julius Maada Bio, the president of Sierra Leone and chairman of ECOWAS, stated during the summit that member nations have approved the proposal.

Bio stated, “We have already signed the West Africa-Morocco gas pipeline.”

“When the gas comes your way, don’t be shocked.”

His comments emphasized the regional bloc’s dedication to advancing economic integration throughout West Africa and enhancing energy infrastructure.

An initiative to link Europe and Africa
The project is intended to link West Africa’s rich natural gas resources with significant regional and global markets, according to a joint statement from the Nigerian National Petroleum Company Limited (NNPCL) and Morocco’s National Office of Hydrocarbons and Mines.

The pipeline is anticipated to create a new economic corridor connecting West Africa, the Sahel, Morocco, and Europe while also strengthening the integration of African energy markets, according to the two state-owned energy corporations.

According to the partners, the project would also provide access to cleaner energy sources in all participating nations, boost industrial development, and enhance energy security.

Morocco and Nigeria will share the headquarters.
The creation of a unique project business with its headquarters located in Casablanca, Morocco, will be the next stage of the project.

To supervise the execution of the cross-border infrastructure project, a distinct governing body will be established, with its headquarters located in Abuja.

Investors will be invited once these frameworks are implemented and a Final Investment Decision is made, according to the project promoters.

The first gas deliveries are anticipated in 2031, but pipeline building is anticipated to start in 2028, according to a source at Morocco’s hydrocarbons agency.

The Nigeria-Morocco Gas Pipeline was first proposed in 2016 when King Mohammed VI of Morocco visited Abuja and met with President Muhammadu Buhari.

Following Algeria’s decision in 2022 to stop gas deliveries to Spain via Morocco due to a decline in diplomatic ties between the two North African nations, the project has gained new impetus.

When finished, the pipeline is anticipated to rank among Africa’s biggest energy infrastructure projects, providing Nigerian gas with new markets, strengthening economic ties between participating nations, and increasing energy supplies to Europe.

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