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Ethiopia, Djibouti sign gas pipeline deal

Ethiopia

<p>Ethiopia and Djibouti have a signed a deal to build a pipeline to carry Ethiopian gas to an export terminal in the Red Sea state.</p> <p>Djibouti’s Energy minister, Yonis Ali Guedi told Reuters late Saturday that the deal laid out ‘’ key terms that will serve as a basis’‘ for related concession contracts.</p> <p>‘’ It is the most expensive project ever built in the Horn of Africa region’‘, he said adding that both parties have reached a deal in principle for mutual benefits.</p> <p>Ethiopia found extensive gas deposits in its eastern Ogaden Basin in 1970. </p> <p>China’s <span class="caps">POLY</span>-<span class="caps">GCL</span> Petroleum investments has been developing the Calub and Hilala fields there since signing a production sharing agreement in 2013.</p> <p><strong>Reuters</strong></p>

It is the most expensive project ever built in the Horn of Africa region.

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