Oil & GasTop Story

ECOWAS, Nigeria, Morocco, Mauritania Commit to $26bln African Atlantic Gas Pipeline Project

...Mr. Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, highlighted the project's transformative potential

911

“The project, conceived in 2016 during King Mohammed VI of Morocco’s visit to Nigeria, merges two major pipeline projects: the West African Gas Pipeline Extension Project and the Nigeria-Morocco Gas Pipeline Project”

The Economic Community of West African States (ECOWAS) and three African countries—Nigeria, Morocco, and Mauritania—have reaffirmed their commitment to the African Atlantic Gas Pipeline (AAGP) project, a $26 billion initiative aimed at connecting at least 13 nations and fostering economic growth across the region.

The project, conceived in 2016 during King Mohammed VI of Morocco’s visit to Nigeria, merges two major pipeline projects: the West African Gas Pipeline Extension Project and the Nigeria-Morocco Gas Pipeline Project.

At the ECOWAS Inter-Ministerial Meeting in Abuja on Friday, officials from various countries emphasized the importance of collaboration to advance the project.

Mr. Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, highlighted the project’s transformative potential, stating that decisions made at the meeting will shape the future of the African Atlantic gas project.

Persecondnews reports that Kyari, who was represented by the NNPC Ltd’s Executive Vice President, Gas Power & New Energy, Mr. Olalekan Ogunleye, emphasized that the project must make a positive impact on the economies of the region’s nations and the lives of the people.

Ogunleye said: “Today, we come together to make significant progress in the African Atlantic gas pipeline project, perhaps the largest African project, a transformative initiative that promises to connect at least 13 African nations in shared prosperity and development.

“Decisions made here will shape the future of the African Atlantic gas project, ensuring a positive impact on the economics of our nation and the lives of our people.

“A lot of progress has been made with the front-end engineering design; phase two study is now completed, and work is ongoing for service environmental and social impact assessments and the land acquisition and resettlement.

“These achievements underscore our shared capacity and resolve to bring this partner project to fruition, demonstrating both the project’s viability and our capability for effective execution.

“Supported, of course, by strong regional collaboration, which we continue to appreciate, NNPC is well positioned to progress this project by leveraging on its expertise across that production, processing, transmission, and marketing and experience having executed similar projects.”

The AAGP project aims to monetize Nigeria’s abundant natural gas resources, generate additional revenue, diversify gas export routes, and eliminate gas flaring.

The pipeline will span 5,300 kilometres from Nigeria to Morocco and 1,700 kilometres from Morocco to Northern Morocco, supplying gas to Morocco, 13 ECOWAS countries, and Europe.

ECOWAS Commissioner for Infrastructure, Energy, and Digitalisation, Sediko Douka, emphasized the importance of collaboration among all parties to bring the project to fruition.

Also speaking, the Minister of State for Petroleum Resources (Gas), Sen. Ekperikpe Ekpo, highlighted the transformative potential of the project.

“We stand at a critical juncture where these draft agreements hold the power to reshape our energy landscape, strengthen our economies, and uplift our people,” Ekpo said.

He added that the agreements should reflect a steadfast commitment to enhancing hydrocarbon and energy trade across ECOWAS nations, providing much-needed access to natural gas in West Africa, and expanding Africa’s global gas market presence.

In her address, Morocco’s Minister of Energy Transition and Sustainable Development, Laila Benali, expressed optimism about the project’s potential to open new markets and create employment.

With critical agreements, including the intergovernmental agreement and host government’s agreement, advanced during the meeting, the project is poised to reshape the energy landscape in Africa.

Leave a comment

Related Articles

Breaking: Supreme Court removes Abure as Labour Party National Chairman

In a landmark decision, the Supreme Court on Friday removed Julius Abure...

Hours after Pres. Tinubu departs for France, VP Shettima jets out for Senegal’s 65th Independence

Vice President Kashim Shettima on Thursday departed Abuja for Dakar, Senegal, to...

First Lady Unveils 39th AWVCC in Abuja, as Nigeria Customs Secures Opening Victory

The 39th Women’s African Volleyball Club Championship kicked off in style on...

Breaking: Akpoti-Uduaghan’s recall: INEC rejects petition, cites failure to meet constitutional requirements

The petition to recall Sen. Natasha Akpoti-Uduaghan, representing Kogi Central Senatorial District,...

CBN Debunks Introduction of N5,000, N10,000 Notes

The Central Bank of Nigeria (CBN) has disowned a circular claiming the...

Pres. Tinubu off to France again on 2-week working visit

President Bola Tinubu will depart Abuja for Paris, France, on Wednesday, on...

Shake Up in NNPCL, Board, Group CEO Replaced

President Bola Tinubu has made significant changes to the Nigerian National Petroleum...

Nigeria to Enforce “Drill or Drop” Policy to Boost Oil Production – Lokpobiri

The Federal Government has announced plans to enforce the “drill or drop”...

Breaking: Despite Security Concerns, Sen. Akpoti-Uduaghan Receives Heroic Welcome in Kogi

Kogi Central Senator Natasha Akpoti-Uduaghan has arrived in her constituency, defying attempts...

Rivers Chief of Staff Alleges N5bln Bribe Offer to Facilitate Fubara’s Impeachment

Edison Ehie, the Chief of Staff to the suspended Rivers Governor, Siminalayi...

Tinubu reveals how he almost quit 2023 presidential race amidst daunting odds

President Bola Tinubu on Saturday night shared a personal anecdote, revealing that...

First Lady, Remi, pens lovely felicitations to hubby, Pres. Tinubu @73

The First Lady, Sen. Oluremi Tinubu, has congratulated her husband, President Bola...

Skyscraper Collapses in Thailand After Powerful Earthquake Hits Region, Multiple People Trapped

A high-rise building still under construction in Bangkok collapsed after a powerful...

Tony Elumelu Named to IMF’s Advisory Council on Entrepreneurship, Growth

Founder and Group Chair of Heirs Holdings, Tony O. Elumelu, CFR, has...

Just in: Reps backtrack on death penalty, immunity bills

In a stunning U-turn, the House of Representatives has reversed its stance...

Just in: Senate throws out motion to rename INEC hq after Prof. Nwosu

The Senate has rejected a proposal to rename the Independent National Electoral...

Just in: Bisola Kola-Daisi, late Oyo Gov. Ajimobi’s eldest child, 42, dies in London

Mrs. Bisola Kola-Daisi, 42-year-old eldest child of the late former Governor of...

Tinubu Reinforces NCDMB Governing Council with Strategic Nominees to Drive Industry Growth

President Bola Tinubu has reinforced the Nigerian Content Development and Monitoring Board...