Economy

Nigeria-Morocco Gas Pipeline Construction Set for 2024

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Nigeria’s Gas Minister, Ekperikpe Ekpo, announced the scheduled commencement of the Nigeria-Morocco gas pipeline construction in 2024.

The revelation came during a meeting with a delegation from Morocco, led by Ambassador Moha Ou Ali Tagma, on Monday in Abuja.

The Nigeria-Morocco gas pipeline, a colossal undertaking covering 5,600 kilometers and traversing 13 African countries, is poised to transform the energy landscape of the region.

Spanning nations from Nigeria to Morocco and reaching Europe, the pipeline aims to facilitate gas transportation, enhance economic integration, combat desertification, and contribute significantly to the reduction of carbon emissions.

Ekpo, expressing Nigeria’s readiness for the project, stated, “I believe by 2024, we will conclude on it.”

He emphasized the importance of natural gas in the context of climate change, highlighting its role in ensuring low carbon emissions and fostering prosperity.

The pipeline, originating at Brass Island in Nigeria and reaching the northern region of Morocco, will interlink with the existing Maghreb European Pipeline, connecting Algeria to Spain.

Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), underscored the commitment to a consistent gas supply and the provision of necessary infrastructure.

Despite the ambitious vision, some analysts have raised concerns about the viability of the Nigeria-Morocco gas pipeline. Notably, the project has encountered delays, with a Memorandum of Understanding signed in 2016 and 2018, followed by another in 2022.

Analysts, including oil and gas expert Dan D Kunle, have stressed the need for comprehensive studies to assess economic impact, financial returns, and agreements with transit countries.

While challenges and skepticism persist, Kyari has expressed confidence in securing funding for the project.

However, alternative perspectives suggest exploring investments in LNG plants, regasification facilities in Moroccan ports, and LNG vessel carriers for a more flexible and globally accessible energy solution.

As Nigeria and Morocco navigate this ambitious venture, meticulous planning and strategic considerations will be crucial for ensuring its success.

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