Business Africa
Morocco, Nigeria agree on steps for gas project
In December 2016, an announcement was made of a 5000 km Nigeria-Morocco offshore gas pipeline. With an estimated cost of 20 billion US dollars, the pipeline is said to be a continuation of the existing 678 km long West African Gas pipeline that has been in service since 2010. It aims to serve 12 countries on the African continent and some 300 million potential consumers.
A few days ago, Morocco and Nigeria signed a joint declaration in Rabat laying out the next steps for the completion of the gas pipeline deal.
Some say the project will be conducive to economic integration in the region and will help West African countries meet their energy needs as well as boost Nigeria’s export potential to Europe. Others however fear the project’s environmental implications.
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