Poly-GCL Petroleum Group Holdings Limited, Chinese oil and gas company, will construct a 767-kilometre natural gas pipeline between Ethiopia and Djibouti
According to the Ministry of Mines and Petroleum (MoMP) in Ethiopia, the two countries aim to earn foreign currency after the natural gas pipeline project starts commissioning.
The pipeline is set to transport the gas from landlocked Ethiopia to ports in neighbouring Djibouti in a period of two years.
As reported in the Xinhua, around 700 kilometres of the natural gas pipeline will be located in Ethiopia and the rest will be located in Djibouti.
In 2018, Poly-GCL and Djibouti government signed the Djibouti Pipeline Development Agreement, aiming to support the oil and gas projects in the region.
The initiative is in line with Africa’s major oil and gas quest, where a number of African nations are taking initiatives to boost oil and gas activities in the continent.
