• Contact Us
  • About Us
Thursday, May 14, 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

Mamman Sentencing Unmasks High-Level Graft Behind Nigeria’s Power Crisis, Puts Scrutiny On Top Civil Servants

Senate Confirms  New Power, Foreign Affairs Ministers As Nigerians Ask: Will  Power, Budget Implementation Be Confirmed Too?

Adelabu Denies Resigning As Nigeria’s Minister, Insists ‘Resolving power Supply Challenges My Priority For Now’

Previous Post

Titan Trust Bank Completes Takeover Of Union Bank

Next Post

Zenith Bank Customers Stranded As Police Seal Branches In Owerri

Related Posts

Mamman Sentencing Unmasks High-Level Graft Behind Nigeria’s Power Crisis, Puts Scrutiny On Top Civil Servants
Energy

Mamman Sentencing Unmasks High-Level Graft Behind Nigeria’s Power Crisis, Puts Scrutiny On Top Civil Servants

May 14, 2026
Senate Confirms  New Power, Foreign Affairs Ministers As Nigerians Ask: Will  Power, Budget Implementation Be Confirmed Too?
Energy

Senate Confirms  New Power, Foreign Affairs Ministers As Nigerians Ask: Will  Power, Budget Implementation Be Confirmed Too?

May 7, 2026
Nigerians Thrown Into Darkness As National Grid Collapses For Seventh  Time In 2024 |
Energy

Adelabu Denies Resigning As Nigeria’s Minister, Insists ‘Resolving power Supply Challenges My Priority For Now’

March 31, 2026
Tinubu Swears-In Ministers Amid Slow Growth, Insecurity, Low Morale, Among Other Concerns
Energy

As Elections Draw Closer, FG Sets New Date For Power Generation Improvement

March 27, 2026
Next Post

Zenith Bank Customers Stranded As Police Seal Branches In Owerri

Iran War Looms Over Trump’s China Visit, Shifts Alliances 

Iran War Looms Over Trump’s China Visit, Shifts Alliances 

May 14, 2026
Mamman Sentencing Unmasks High-Level Graft Behind Nigeria’s Power Crisis, Puts Scrutiny On Top Civil Servants

Mamman Sentencing Unmasks High-Level Graft Behind Nigeria’s Power Crisis, Puts Scrutiny On Top Civil Servants

May 14, 2026
President Tinubu Addresses Joint Sitting Of NASS Wednesday, May 29, 2024.

Tinubu Says Nigeria Will Spend About $11.6bn On Debt Servicing In 2026, Insists Country Will Continue To Borrow Responsibly

May 13, 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