₦airaland Forum

The United Arab Emirates has agreed to contribute to a huge gas pipeline project that will connect Nigeria to Morocco and eventually reach Europe.

Morocco’s Minister of Energy Transition and Sustainable Development, Leila Benali, told lawmakers on Tuesday that the UAE is now one of the supporters of the project, which is estimated to cost $25 billion.

“As for finance. The project has won the support of IDB, OPEC Fund, EIB and the UAE,” she said.

Benali also said that Morocco has finished all feasibility and engineering studies needed for the pipeline.

According to Moroccan industry experts, the project has already passed the feasibility study and Front End Engineering Design stages.

The gas pipeline, now called the “African-Atlantic Gas Pipeline”, will connect Nigeria’s gas network with Morocco’s southern city of Dakhla and then go northward toward Europe.

The line will pass through 15 African countries, boosting trade, development, and access to electricity in the region.

In Phase One, it will link Morocco to gas fields near Senegal and Mauritania, and connect Ghana to the Ivory Coast.

Phase Two will link Nigeria to Ghana, while Phase Three will connect the Ivory Coast to Senegal.

Experts said this pipeline will help bring more power to African homes and businesses while encouraging economic partnerships across the region.

With more than 400 million people living along its route, the pipeline is seen as a key driver of regional integration, industrial growth, and improved infrastructure.

Morocco and Nigeria have set up a joint venture to manage the project. They signed a financing agreement earlier to help move it forward.

China’s Jingye Steel Group has been awarded the contract to supply pipes for the construction.
At 6,800 km long, including 5,100 km offshore, the pipeline will become the longest offshore gas pipeline in the world once completed.

Benali added that Morocco also aims to become a regional leader in clean energy, with high potential to produce green hydrogen and other renewable resources.

Stolen:
AT THEIR OWN RISK.


WITH RUSSIA ANS USA AND FRANCE IN THE DESERT, ANYTHING CAN HAPPEN.

femisplash:
https://punchng.com/uae-to-invest-in-25bn-nigeria-morocco-gas-pipeline-project/

Eboofa:
Una go pay IPOB matching ground! Enuff said!!

femisplash:
https://punchng.com/uae-to-invest-in-25bn-nigeria-morocco-gas-pipeline-project/

Conner44:
Is this gas coming out from any one of the 5 dot states? Abeg na question I ask oh, no be fight

jideflash:
massive

PressMyButton:
Everything is just falling in place to favour Tinubu's Administration.



After God, na Tinubu 💪 God bless Nigeria

kolente:
Let the investment enter first now ?

Hian.

This is all part of the two (2) year Mid-term assessment bullet point as an achievement. Mere promissory notes.

Abeg shift !

mbos:
That pipeline should be dealt with

femisplash:
With the US, UAE very much invested in this project as well as top global financiers such as the Islamic Development Bank, OPEC fund, European Investment Bank, the project could be said to be as good as done. Conceptualized in 2016, nine years after, the source of funding for its take off is pretty much settled. For many reasons, this project pushes Nigeria as a frontier, it is going to boost Nigeria's economic power. Russia is not only a military power but its gas resources makes her a major economic power house, despite tons of sanctions aimed at suppressing her earning power, Russia is still holding strongly. Europe's demand for her gas is a no brainer to the extent to which Russia is staying afloat the tons of sanctions imposed on her, in the process, improving her local currency to boot.
In the same vein, Nigeria promises to hold an economic bargaining power in the near future.
Europe is going to be a winner as much as African nations by which this project will certainly improves regional energy access, regional integration, as well as regional trade.
However, this must not be confused with Nigeria-Algeria gas pipeline project. This is also another $10billion gas pipeline project known as the Trans-Sahara Gas Pipeline deal which would see gas pumped through the undersea Mediterranean pipeline, transmitted to Italy, Spain and other parts of Europe. It could also be loaded into liquified natural gas tankers or vessels for exports. This pipeline passes through Niger Republic to Algeria - one of the largest gas deposit in Africa behind Nigeria.
In conclusion, Nigeria is running two mega pipeline projects side by side, a $25b gas project to Morocco and a $10billion gas project to Algeria.