South Africa Nigeria Tender

Nigeria Morocco and ECOWAS unite for gas pipeline mega-projectCategoryStoriesTagsFinance and Investment Fossil Fuels Renewable EnergySourcehttpswww.esi-africa.comindustry-sectorsresearch-and-developmentnigeria-moOn 15 September 2022 the Economic Community of West African States ECOWAS the Federal Republic of Nigeria and the Kingdom of Morocco signed a Memorandum of Understanding MoU in Rabat Morocco.According to a published joint communique the Memorandum of Understanding attests to the commitment of all the countries crossed by the gas pipeline to contribute to the feasibility and technical studies the mobilisation of resources and execution of this key project.This project once completed will supply gas to all the countries of West Africa and will open a new channel of export to Europe. It is a strategic project that will contribute towards but not limited toImproving the living standards of the populationIntegrating the economies in the regionDecreasing the level of desertification due to a sustainable and reliable gas supply and a reduction in or outright end to gas flaringIt is indeed a viable project one that holds great promise and we will spare no effort for its successSixteen countries that include fourteen ECOWAS Member States are involved in this project. The project will also assist other countries to export their surplus natural gas Ghana Cote dIvoire Senegal and Mauritania.The strategic Nigeria-Morocco gas pipeline project will traverse the West African coast from Nigeria to Morocco through Benin Togo Ghana Cote dIvoire Liberia Sierra Leone Guinea Guinea Bissau The Gambia Senegal and Mauritania. In the long term it will be connected to the Maghreb-Europe gas pipeline and to the European gas network. It will also help cater to the land-locked countries of Burkina Faso Mali and Niger.With the launch of the project efforts will be made to attract public and private investors including multilateral or commercial banks pension funds and insurance companies among others. The project will span 6000km and cost 25 billion. The financing of the project is expected to involve several stakeholders.The three sides were respectively represented by Sediko Douka ECOWAS Commissioner for Infrastructure Energy and Digitalisation Mallam Mele Kolo Kyari Group Chief Executive Officer of Nigerian National Petroleum Company Limited NNPC and Amina Benkhadra Director General of Office National des Hydrocarbures et des Mines ONHYM.