ECOWAS Countries involved in the Morocco-Nigeria gas pipeline are expected to sign a final investment decision in 2025, according to Morocco’s oil and mines authority ONHYM. Speaking at a forum in Rabat, head of development at ONHYM recalled that the pipeline will cross 13 countries and stretch over 7000 kilometers. The cost of the pipeline was revised upwards to 25 billion dollars as pre-feasibility and engineering studies have been accomplished already in early 2024. Countries that will benefit from the project and financial institutions will sign a deal by year’s end, defining the legal framework. In 2022, Morocco’s ONHYM, Nigeria’s National Petroleum Corporation and the ECOWAS signed a Memorandum of Understanding to speed up the project.

Source: The North Africa Journal May 15, 2024 11:50 UTC