The Moroccan-Nigerian gas pipeline awaits a fateful decision before the end of this year that would accelerate the implementation steps to implement the giant project on which many West African countries depend.

The CEO of the Nigerian National Oil Company, Mele Kyari, said that the final investment decision for the Nigerian-Moroccan gas pipeline is worth $25 billion and is scheduled to be made at the end of 2024.

There are several consultations regarding the Moroccan-Nigerian gas pipeline, as it has reached an advanced stage to establish a pipeline that will pass through 13 African countries to reach Europe. Kyari indicated that making the final decision to invest in the Moroccan-Nigerian gas pipeline project is expected to be by the end of 2024 or the beginning. Year 2025.

The CEO of the Nigerian Oil Company confirmed that the Moroccan gas pipeline is expected to exceed planning, and the company will take the final investment decision in December. The pipeline was designed for the first time in 2016 and is considered one of the most energy projects in the world and will become the second longest pipeline in the world after the pipeline. Gas between West and East in China.

Nigeria's Minister of Energy, Ekperikbe Ekpo, said that construction of the huge energy project, the gas pipeline between Morocco and Nigeria, will begin in 2024. The length of the pipeline is about 5,600 meters, and it is expected to pass through 13 African countries in order to cover the energy needs of about 400 million people along the coast. West Africa.

The capacity of the pipeline is about 30 billion dollars, and the cost is estimated at about 25 billion dollars. After its completion, it will be the longest marine pipeline in the world and the second longest pipeline in general. During the month of December 2021, Morocco and Nigeria signed an agreement to finance the feasibility study after the Islamic Development Bank approved the project.

The company's focus is on building its ability to deliver gas to the local market and beyond. Nigeria is considered a gas-rich country, and must use its abundant gas resources to provide the alternative fuel it needs and aims to achieve a transition in the field of energy.

Nigeria is building main lines and other gas infrastructure that will provide gas to a number of networks, and the CEO called for a different approach aimed at achieving the energy transition in Africa as global calls for a clean energy transition continue to grow.

Countries must achieve energy security, as it is not possible to talk about energy security without the availability of supplies. In most African countries, 70% of their population does not have access to clean cooking fuel, and the gap must be bridged for the energy transition, and the necessary funds must be provided for renewable energy sources.

Nigeria is working to confront the challenges represented by the theft of crude oil. These efforts include the efforts of government and private security agencies to produce crude oil in Nigeria, but after Nigeria’s control, some oil production was restored in Nigeria in addition to rebuilding confidence, and when Nigeria’s production decreased during the year 2022 to less than From 1 million barrels per day that was recently restored to 1.7 million barrels per day.