Nigeria and Morocco have signed a memorandum of understanding for an underwater gas pipeline project that will, among other things, supply gas from Africa to Europe. This was reported on Friday by the SABC South African radio station, citing the Nigerian National Petroleum Company (NNPC).
The memorandum was signed on September, 15, between the main participants in the project, Nigeria, Morocco and the Economic Community of West African States. "The document was an important milestone in the implementation of the project, with all key stakeholders reaffirming their commitments," NNPC CEO Mele Kyari stressed.
The 5,600-kilometer trunk line will start from Brass Island in the Niger Delta in the very south of Nigeria. It will cross the coastal waters of 13 African countries to the North of Morocco, where it will be connected to the existing gas pipeline which carries gas from the Algerian fields to Spain.
The cost of the Nigeria-Morocco gas pipeline is $25 billion. The project will be financed on a parity basis by the NNPC and National Agency of Mines and Hydrocarbons of Morocco. The capacity of the pipeline is designed to pump 5.4 billion cubic meters of gas per year.
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Based on materials from TASS