The Nigeria-Morocco Gas Pipeline project, valued at about $25 billion, has taken a major step forward with the establishment of a dedicated project company and growing international financial support.
Spanning nearly 6,000 kilometers across West Africa, the pipeline is expected to significantly boost regional energy access while creating a secure channel for Nigerian gas to reach European markets.
The Director-General of Morocco’s National Office of Hydrocarbons and Mines, Amina Benkhadra, confirmed that the project company’s formation is underway.
This body will structure financing and oversee the project’s implementation. Technical studies completed in 2025 have already defined the pipeline’s route.
The infrastructure is designed to transport between 15 and 30 billion cubic metres of gas annually, serving 13 West African coastal states and nearly 400 million people.
It will also connect landlocked countries such as Niger, Burkina Faso, and Mali to the main line, which will ultimately link to the existing Maghreb-Europe Pipeline, providing direct access to Europe.
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Governance will involve a parent company overseeing regional subsidiaries that manage specific pipeline segments, in line with approvals from the Economic Community of West African States (ECOWAS).
In July, Togo officially became a partner through an additional protocol signed with the Nigerian National Petroleum Company Limited (NNPCL), Morocco’s ONHYM, and Togo’s national gas company.
On financing, Morocco’s Energy Minister, Leïla Benali, revealed that the United Arab Emirates will join existing backers such as the European Investment Bank, the Islamic Development Bank, and the OPEC Fund.
The project company will lead fundraising efforts, with a final investment decision expected before the end of 2025.
Source: https://punchng.com/25bn-nigeria-morocco-gas-project-company-officially-established/
Image Credit: APAnews
