• Contact Us
  • About Us
Thursday, September 11, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Energy

FG Directs NNPC To Implement ECOWAS-Morocco-Europe Gas Pipeline

metro by metro
June 2, 2022
in Energy
0
0
SHARES
0
VIEWS



The Federal Government has directed the Nigerian National Petroleum Corporation (NNPC) to implement a deal on a gas pipeline to Europe through Morocco.

Africa’s gas resources are increasingly in the spotlight as the European Union looks to wean itself off Russian supplies following the invasion of Ukraine in February.

Approval for a memorandum of understanding on the gas project with West African regional bloc ECOWAS was given after the Federal Executive Council meeting, Petroleum Minister Timipre Sylva told reporters in Abuja late Wednesday.



Nigeria is Africa’s top oil producer and a major supplier of gas and liquefied natural gas.

“This gas line will take gas to 15 West African countries and to Morocco and through Morocco, to Spain and to Europe,” Sylva said.

He added the project was in a design phase and details including cost and funding were still being worked out.

“It is only after the engineering design of the pipeline that we will know exactly (what) the cost of the pipeline will be. When that time comes, we will be talking about funding,” he said.

Four years ago, Morocco’s King Mohammed VI and Nigerian President Muhammadu Buhari agreed to move ahead with the mega-project to carry gas along the Atlantic Coast, after an initial deal was signed in 2016.
READ ALSO:African Media Agency Partners With MSGBC Oil, Gas And Power 2022 Conference And Exhibition Titled: The Future Of Natural Gas
Under the deal, both countries plan to extend the pipeline that has been pumping gas from Nigeria to Benin, Togo and Ghana since 2010.

Plans for a pipeline to take Nigeria’s gas resources to North Africa have long been discussed, and Algeria has also held talks with Nigeria for a similar project crossing the Sahel region.

Nigeria is a member of the OPEC group of major oil producers and has huge gas resources — the largest proven reserves in Africa and the seventh largest globally.

Read Also

Nigerians Groan As Nationwide Blackout Persists On Another National Grid Collapse

Amid Lingering Power Generation Crisis NMDPRA Begins Review Of Gas License Holders 

DisCos Accounted For 100% Power Sector Casualties Q1-NERC

Previous Post

Titan Trust Bank Completes Takeover Of Union Bank

Next Post

Zenith Bank Customers Stranded As Police Seal Branches In Owerri

Related Posts

Nigerians Thrown Into Darkness As National Grid Collapses For Seventh  Time In 2024 |
Energy

Nigerians Groan As Nationwide Blackout Persists On Another National Grid Collapse

September 11, 2025
Amid Lingering Power Generation Crisis NMDPRA Begins Review Of Gas License Holders 
Energy

Amid Lingering Power Generation Crisis NMDPRA Begins Review Of Gas License Holders 

July 17, 2025
NERC Threatens Tougher Sanctions Against DisCos Over Low Power Supply
Energy

DisCos Accounted For 100% Power Sector Casualties Q1-NERC

July 17, 2025
Senate
Energy

Senate Passes Electricity Act Ammendment Bill To Tackle Sector Collapse

July 9, 2025
Next Post

Zenith Bank Customers Stranded As Police Seal Branches In Owerri

Disquiet As Nigeria’s Naval Chief Disputes NNPCL, Petroleum Ministry’s Oil Theft Figures

Ex- NNPCL GMD, Kyari Leaves EFCC HQs After Questioning

September 11, 2025
NATO Scrambles Jets To Shoot Down Russian Drones In Poland, Raising Fears Of War Spillover 

NATO Scrambles Jets To Shoot Down Russian Drones In Poland, Raising Fears Of War Spillover 

September 11, 2025
Report Alleges Shortcomings Of Proposed Tax Reform Bills

FG Publishes New Tax Reform Laws, NRSEA, JRBEA Implementation From June, ’25, NTA, NTAA For Jan, ’26

September 11, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version