• Contact Us
  • About Us
Monday, November 2, 2026
  • 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

Beira Corridor Forum Calls for Stronger Regional Partnerships to Secure Southern Africa’s Energy Future

Zimbabwe-Zambia Energy Projects Summit returns to Livingstone for third edition

NERC Orders DisCos To Channel 60 Percent Operational Revenue Into CapEx

Previous Post

Titan Trust Bank Completes Takeover Of Union Bank

Next Post

Zenith Bank Customers Stranded As Police Seal Branches In Owerri

Related Posts

Business

Beira Corridor Forum Calls for Stronger Regional Partnerships to Secure Southern Africa’s Energy Future

October 30, 2026
Business

Zimbabwe-Zambia Energy Projects Summit returns to Livingstone for third edition

October 19, 2026
NERC Threatens Tougher Sanctions Against DisCos Over Low Power Supply
Energy

NERC Orders DisCos To Channel 60 Percent Operational Revenue Into CapEx

September 7, 2026
Economic Development

CPMZ launches major expansion of strategic Southern African fuel corridor

September 3, 2026
Next Post

Zenith Bank Customers Stranded As Police Seal Branches In Owerri

Ondo Community Raises Alarm Over Illegal Deforestation, Alleges Police inaction

Ondo Community Raises Alarm Over Illegal Deforestation, Alleges Police inaction

November 2, 2026
Hackers Hit Ukraine, Russia’s Emergency Apps, Send Fake Nuclear Alerts

Hackers Hit Ukraine, Russia’s Emergency Apps, Send Fake Nuclear Alerts

November 2, 2026
Cyberattack On Fridges Hits Supermarkets Across Europe

Cyberattack On Fridges Hits Supermarkets Across Europe

November 2, 2026
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