Nigeria, Morocco, Cote dIvoire, Liberia, Benin, and Guinea, on Friday, signed four Memoranda of Understanding for the construction of the $30bn Nigeria-Morocco Gas Pipeline Project at the Abuja headquarters of the Economic Community of West African States, (ECOWAS).
Commissioner, Infrastructure, Energy and Digitalisation, ECOWAS Commission, Sediko Douka, while speaking on the sidelines of the event, said, “The project is worth about $30bn and its impact on the African continent is going to be massive when completed.
Also, the projects steering committee convened at the ECOWAS headquarters to discuss the progress of the project and its strategic direction.
Four new MoUs were signed and the tripartite agreements were signed between the Nigerian National Petroleum Company Limited and the Office National des Hydrocarbures et des Mines of Morocco on one hand, and the Socit Nationale des Oprations Ptrolires of Cote dIvoire, the National Oil Company of Liberia, the Socit Nationale des Hydrocarbures of Benin, and the Socit Nationale des Ptroles of the Republic of Guinea on the other hand.
The MoUs, similar to those signed with ECOWAS on September 15, 2022, Mauritania and Senegal on October 15, 2022, and The Gambia, Guinea-Bissau, Sierra Leone, and Ghana on December 5, 2022, reaffirmed the commitment of the parties to the strategic project.
Once completed, the project will enhance the monetisation of the natural gas resources of the affected African countries and also offer a new alternative export route to Europe.
