Morocco-Nigeria gas pipeline: final investment decision due 2025
ECOWAS Countries involved in the Morocco-Nigeria gas pipeline are expected to sign a final investment decision in 2025, according to Morocco’s oil and mines authority ONHYM.
Speaking at a forum in Rabat, head of development at ONHYM recalled that the pipeline will cross 13 countries and stretch over 7000 kilometers.
The cost of the pipeline was revised upwards to 25 billion dollars as pre-feasibility and engineering studies have been accomplished already in early 2024.
Countries that will benefit from the project and financial institutions will sign a deal by year’s end, defining the legal framework.
The project is in line with Morocco’s Atlantic initiative which aims at creating an area of shared prosperity in West Africa and the Sahel.
The future pipeline will have a capacity of 30 billion cubic meters annually, enough to meet the electricity needs of the benefiting countries and with a potential to export surplus to Europe.
In 2022, Morocco’s ONHYM, Nigeria’s National Petroleum Corporation and the ECOWAS signed a Memorandum of Understanding to speed up the project.