$25bn Nigeria-Morocco gas pipeline to link West Africa to Europe

Femi Fabunmi

$25bn Nigeria-Morocco Gas Pipeline Project Gets New Company
The $25 billion Nigeria-Morocco Gas Pipeline (NMGP) project has taken a big step forward with the creation of a special company to handle it.

This new company means the project is moving from the planning stage to putting in place the systems and money needed for actual construction.

International financiers like the European Investment Bank (EIB) and the Islamic Development Bank (IsDB) are already showing interest in supporting the project.

When completed, the pipeline will carry up to 30 billion cubic meters of gas every year. It will stretch more than 6,000 kilometers, passing through about 12 West African countries, linking Nigeria’s gas to Morocco, and then to Europe.

Nigeria, which has Africa’s largest proven gas reserves, wants to reduce dependence on its local market by selling more gas abroad.

For Morocco and other countries along the route, the pipeline will increase energy supply and boost their roles in the global gas market.

The creation of a project company is important because it puts all the responsibilities, financing, and management of the pipeline in one place.

This makes it easier for investors and financial institutions to trust the process.

The final investment decision, expected by the end of 2025, will determine if the project has enough funding to move fully into construction.