After China and the United States, the United Arab Emirates has announced its intention for contribution to funding the US$25bn Nigeria-Morocco gas pipeline project
The country has expressed its interests to build a pipeline for shipping Nigerian gas to Europe through Morocco.
The European Investment Bank (EIB), the Islamic Development Bank (IsDB) and the OPEC Fund will also be financing the project, according to Leila Benali, Morocco’s Minister of Energy Transition and Sustainable Development.
Benali told Morocco’s parliament last week that China’s Jingye Steel Group has been awarded a contract to supply pipes to the project.
“Morocco has completed all preliminary feasibility and engineering studies for the planned gas pipeline that will connect Nigeria to Morocco,” she said to the Moroccan press.
Multiple financing partners
The Southern Dakhla city in the Sahara region marks the starting point of a 5,660-kilometre long pipeline, which will be linked with the pipeline in Nigeria. Dakhla will also be linked to North Morocco, where gas will be shipped to some European markets, the Minister added.
“As for finance, the project has won the support of IDB, OPEC Fund, EIB and the UAE…it will pass through 15 African countries,” she said.
A joint venture between Morocco and Nigeria is on the pipeline to advance the project.
UAE to fund Nigeria-Morocco pipeline project
Nigeria-Morocco pipeline project finds new financer. (Image source: Adobe Stock)
