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New Strategical Gas Pipeline between Morocco & Nigeria

Source: www.gulfoilandgas.com 12/25/2016, Location: Africa

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The governments of Nigeria and Morocco have signed a strategic partnership agreement and a memorandum of understanding to develop a new regional gas pipeline (Trans-African Pipeline) connecting the two countries, bringing the resources of Nigeria to Morocco, its neighbors and Europe. The Trans-African Pipeline will be developed jointly by the Moroccan sovereign wealth fund Ithmar Capital and the Nigeria Sovereign Investment Authority.

The pipeline will run an estimated 4,000 km along the west coast of Africa and the countries through which it runs and the exact route will be determined as the project moves forward, based on further research.

It is unclear exactly the route the pipeline would take, though the developers foresee it following the coast. Following the coast, however, would mean a route that would need the participation of up to 13 other countries. The shortest route to Europe would be via Niger and Algeria to Morocco for further pipeline supply to Spain.

By accelerating the electrification of the region, the Trans-African Pipeline will improve access to energy across West Africa. This will help address one of the region's most significant barriers to development, the lack of affordable energy. In addition, the project will strengthen energy exports to Europe, linking Nigerian gas to the European energy market through Morocco.

In West Africa, the Trans-African Pipeline is designed to support the creation of industrial hubs that attract foreign investment. The project will therefore facilitate the expansion of sectors ranging from industry to food processing to fertilisers and improve the competitiveness of exports, particularly amongst African countries.

Designed with the participation of all concerned parties with the aim of speeding up electrification projects in the region, the project will also establish a competitive regional market for electricity, likely to be linked to the European market of energy. It will also spur local transformation of natural resources available for national and international markets.

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Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

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