UAE Joins Forces: Nigeria-Morocco Gas Pipeline Set to Reshape Africa's Energy Landscape
The pipeline initiative connecting Nigeria to Morocco is picking up speed and generating enthusiasm. announcement Regarding the United Arab Emirates' role in financing this massive $25 billion project, intended for conveying Nigerian natural gas to Europe through Morocco.
Morocco’s Minister for Energy Transition, Leila Benali, informed members of parliament about this progress, highlighting that several prominent investors and financial organizations are backing this key initiative. These supporters include the European Investment Bank (EIB), the Islamic Development Bank (IDB), as well as the OPEC Fund.
The Chinese company Jingye Steel has been awarded the contract to provide the pipes for this Afro-Atlantic gas pipeline, aiming to achieve several objectives including diversifying export pathways, decreasing gas flaring, and substantially reshaping the local energy sector. Additionally, the United States has played a role in this development. shown interest In the project, as stated by Nigeria's Finance Minister, Wale Edun.
Morocco has already finished the feasibility and engineering studies for the 5,660-kilometer pipeline, set to traverse along the coasts of 13 African nations prior to arriving in Europe.
Last month, Rabat and Abuja reached an agreement to create a joint venture tasked with overseeing this massive project. This initiative aims to manage facilities capable of processing up to 30 billion cubic meters of natural gas each year. Deliveries from this project are anticipated to begin in 2029.
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