ECOWAS signs intergovernmental agreement for Nigeria-Morocco gas pipeline
via Le Matin2 min read
The Economic Community of West African States ECOWAS has signed an intergovernmental agreement for the Nigeria-Morocco Atlantic African Gas Pipeline. This signing, which took place in Freetown, signifies the adherence of ECOWAS member states to the project, initially conceived by King Mohammed VI of Morocco and former Nigerian President Mohammadu Buhari, and supported by current President Bola Ahmed Tinubu. The project is being developed by Morocco's National Office of Hydrocarbons and Mines ONHYM and the Nigerian National Petroleum Company Limited NNPC Ltd.. Upcoming stages include the creation of a project company, to be based in Casablanca, and a Pipeline Higher Authority, headquartered in Abuja, before investor mobilization and the final investment decision. A separate ceremony will follow for the joint signing by Morocco and Mauritania, which are not ECOWAS members, in the presence of Nigeria's President. Once completed, the pipeline will traverse thirteen West African Atlantic countries and connect to the Maghreb-Europe gas pipeline in northern Morocco. It will have a transport capacity of 30 billion cubic meters of natural gas annually, with up to 15 billion cubic meters potentially exported to Morocco and Europe, and the remainder for regional markets. Estimated at approximately $25 billion, the pipeline aims to establish an integrated regional natural gas market in West Africa, support electricity production, industrialization, and the valorization of the continent's
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This summary was AI-generated from a story originally published by Le Matin.
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