Morocco and Nigeria Announce the Creation of a Joint Company to Manage the Major Gas Pipeline to Europe

ALDAR/

In a strategic move to strengthen cooperation between Africa and Europe, Morocco’s Minister of Energy Transition and Sustainable Development, Leila Benali, announced that Morocco and Nigeria have officially agreed to establish a joint company to manage the massive gas pipeline project, estimated to cost around $25 billion.

Speaking before the Moroccan Parliament, Benali stated that the project has “made significant progress” and has now entered the execution phase, with feasibility studies and basic engineering works completed. The pipeline, which will stretch approximately 5,300 kilometers, aims to transport Nigerian gas to Europe through several African countries, thereby enhancing the continent’s energy security.

The Minister also revealed plans to set up a floating storage and regasification unit (FSRU) at the port of Nador on the Mediterranean coast, as part of the infrastructure supporting this major project.

According to the Moroccan newspaper Hespress, Moroccan and Nigerian officials are also exploring additional financing options from Gulf countries, following Europe’s relatively lukewarm interest in investing in the project. This shift is attributed to Europe’s growing focus on alternative energy sources, particularly green hydrogen projects.

The Morocco-Nigeria gas pipeline stands as one of Africa’s most ambitious energy projects and is expected to open new prospects for economic development and regional integration.