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UAE To Invest In $25 Billion Nigeria-Morocco Gas Pipeline Project - Politics - Nairaland 386u39

UAE To Invest In $25 Billion Nigeria-Morocco Gas Pipeline Project (7387 Views)

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femisplash: 8:54pm On May 13
The United Arab Emirates has agreed to contribute to a huge gas pipeline project that will connect Nigeria to Morocco and eventually reach Europe.

Morocco’s Minister of Energy Transition and Sustainable Development, Leila Benali, told lawmakers on Tuesday that the UAE is now one of the ers of the project, which is estimated to cost $25 billion.

“As for finance. The project has won the of IDB, OPEC Fund, EIB and the UAE,” she said.

Benali also said that Morocco has finished all feasibility and engineering studies needed for the pipeline.

According to Moroccan industry experts, the project has already ed the feasibility study and Front End Engineering Design stages.

The gas pipeline, now called the “African-Atlantic Gas Pipeline”, will connect Nigeria’s gas network with Morocco’s southern city of Dakhla and then go northward toward Europe.

The line will through 15 African countries, boosting trade, development, and access to electricity in the region.

In Phase One, it will link Morocco to gas fields near Senegal and Mauritania, and connect Ghana to the Ivory Coast.

Phase Two will link Nigeria to Ghana, while Phase Three will connect the Ivory Coast to Senegal.


Experts said this pipeline will help bring more power to African homes and businesses while encouraging economic partnerships across the region.

With more than 400 million people living along its route, the pipeline is seen as a key driver of regional integration, industrial growth, and improved infrastructure.

Morocco and Nigeria have set up a t venture to manage the project. They signed a financing agreement earlier to help move it forward.

China’s Jingye Steel Group has been awarded the contract to supply pipes for the construction.
At 6,800 km long, including 5,100 km offshore, the pipeline will become the longest offshore gas pipeline in the world once completed.


Benali added that Morocco also aims to become a regional leader in clean energy, with high potential to produce green hydrogen and other renewable resources.

https://punchng.com/uae-to-invest-in-25bn-nigeria-morocco-gas-pipeline-project/

20 Likes 1 Share

femisplash: 8:54pm On May 13
With the US, UAE very much invested in this project as well as top global financiers such as the Islamic Development Bank, OPEC fund, European Investment Bank, the project could be said to be as good as done. Conceptualized in 2016, nine years after, the source of funding for its take off is pretty much settled. For many reasons, this project pushes Nigeria as a frontier, it is going to boost Nigeria's economic power. Russia is not only a military power but its gas resources makes her a major economic power house, despite tons of sanctions aimed at suppressing her earning power, Russia is still holding strongly. Europe's demand for her gas is a no brainer to the extent to which Russia is staying afloat the tons of sanctions imposed on her, in the process, improving her local currency to boot.
In the same vein, Nigeria promises to hold an economic bargaining power in the near future.
Europe is going to be a winner as much as African nations by which this project will certainly improves regional energy access, regional integration, as well as regional trade.
However, this must not be confused with Nigeria-Algeria gas pipeline project. This is also another $10billion gas pipeline project known as the Trans-Sahara Gas Pipeline deal which would see gas pumped through the undersea Mediterranean pipeline, transmitted to Italy, Spain and other parts of Europe. It could also be loaded into liquified natural gas tankers or vessels for exports. This pipeline es through Niger Republic to Algeria - one of the largest gas deposit in Africa behind Nigeria.
In conclusion, Nigeria is running two mega pipeline projects side by side, a $25b gas project to Morocco and a $10billion gas project to Algeria.

33 Likes 8 Shares

jideflash(m): 9:05pm On May 13
massive

11 Likes 2 Shares

Stolen: 9:19pm On May 13
AT THEIR OWN RISK.


WITH RUSSIA ANS USA AND IN THE DESERT, ANYTHING CAN HAPPEN.
datola: 9:32pm On May 13
Nice and good news if true

8 Likes 1 Share

givedemwotowoto: 9:33pm On May 13
Summary: In 2016, the King of Morocco proposed a gas pipeline that goes from Nigeria to Morocco and possibly all the way to Europe, to improve gas supplies, and UAE agreed to finance it.

13 Likes 1 Share

Elyonboy(m): 9:33pm On May 13
That's awesome

Kudos to UAE cool

11 Likes 1 Share

femisplash: 9:34pm On May 13
Stolen:
AT THEIR OWN RISK.


WITH RUSSIA ANS USA AND IN THE DESERT, ANYTHING CAN HAPPEN.

Absolutely nothing is going to happen. Those world powers would rather protect their economic interests than protect human lives.

29 Likes 3 Shares

Eboofa: 9:35pm On May 13

1 Like 1 Share

Kaido: 9:35pm On May 13
I hope Niger Delta gains from this oo

4 Likes

Conner44: 9:36pm On May 13
Is this gas coming out from any one of the 5 dot states? Abeg na question I ask oh, no be fight cheesy
PlanetZero: 9:38pm On May 13
Good

4 Likes

Putindbutt(m): 9:38pm On May 13
Eboofa:



Una go pay IPOB matching ground! Enuff said!!
Una go collect, you think we're talking about 5 lighters of gas here. Abeg shift.

13 Likes 2 Shares

free2ryhme: 9:38pm On May 13

5 Likes

Keybliss: 9:38pm On May 13
Lovely and massive

11 Likes 1 Share

Putindbutt(m): 9:40pm On May 13
Conner44:
Is this gas coming out from any one of the 5 dot states? Abeg na question I ask oh, no be fight cheesy
Before the 5 plots ever dreamed of gas, Nigeria has been using gas for decades.

16 Likes 2 Shares

kolente: 9:40pm On May 13
Let the investment enter first now ?

Hian.

This is all part of the two (2) year Mid-term assessment bullet point as an achievement. Mere promissory notes.

Abeg shift !

1 Like

emmabest2000(m): 9:41pm On May 13
jideflash:
massive

1 Like

PressMyButton: 9:42pm On May 13
Everything is just falling in place to favour Tinubu's istration.



After God, na Tinubu 💪 God bless Nigeria

29 Likes 2 Shares

PDPdestroyer(m): 9:44pm On May 13
Some people will be having nightmares just because of this grin

9 Likes 1 Share

PDPdestroyer(m): 9:44pm On May 13
PressMyButton:
Everything is just falling in place to favour Tinubu's istration.



After God, na Tinubu 💪 God bless Nigeria
After Tinubu, na Wike, after Wike, na Ganduje, after Ganduje na Atiku, after Atiku na Sowore, after Sowore na me, after me na Obi grin

9 Likes 1 Share

mbos: 9:46pm On May 13
That pipeline should be dealt with

23 Likes

PRINCESSFCFANSs: 9:46pm On May 13
OK
zero8zero(m): 9:46pm On May 13
kolente:
Let the investment enter first now ?

Hian.

This is all part of the two (2) year Mid-term assessment bullet point as an achievement. Mere promissory notes.

Abeg shift !
This one can only read but cannot understand. If you cannot read and understand, wetin you gain?

9 Likes 1 Share

zero8zero(m): 9:47pm On May 13
mbos:
That pipeline should be dealt with
Bitter people don drop quote.

11 Likes 1 Share

blamingthedevil: 9:47pm On May 13
Good news everywhere

God Bless President Bola Tinubu
God Bless Federal Republic of Nigeria

11 Likes

richiemcgold: 9:47pm On May 13
I see better days ahead

12 Likes

Akinpresident: 9:48pm On May 13
femisplash:
With the US, UAE very much invested in this project as well as top global financiers such as the Islamic Development Bank, OPEC fund, European Investment Bank, the project could be said to be as good as done. Conceptualized in 2016, nine years after, the source of funding for its take off is pretty much settled. For many reasons, this project pushes Nigeria as a frontier, it is going to boost Nigeria's economic power. Russia is not only a military power but its gas resources makes her a major economic power house, despite tons of sanctions aimed at suppressing her earning power, Russia is still holding strongly. Europe's demand for her gas is a no brainer to the extent to which Russia is staying afloat the tons of sanctions imposed on her, in the process, improving her local currency to boot.
In the same vein, Nigeria promises to hold an economic bargaining power in the near future.
Europe is going to be a winner as much as African nations by which this project will certainly improves regional energy access, regional integration, as well as regional trade.
However, this must not be confused with Nigeria-Algeria gas pipeline project. This is also another $10billion gas pipeline project known as the Trans-Sahara Gas Pipeline deal which would see gas pumped through the undersea Mediterranean pipeline, transmitted to Italy, Spain and other parts of Europe. It could also be loaded into liquified natural gas tankers or vessels for exports. This pipeline es through Niger Republic to Algeria - one of the largest gas deposit in Africa behind Nigeria.
In conclusion, Nigeria is running two mega pipeline projects side by side, a $25b gas project to Morocco and a $10billion gas project to Algeria.

Really good one and quite ambitious.

I'm at lost why we have more gas deposit than petroleum and yet, it's so expensive.

Gas should be one of the cheapest items in this country all time cos the amount of gas we flare is ridiculous.

7 Likes 1 Share

Omoawoke(m): 9:48pm On May 13
This is massive

8 Likes

Melagros(m): 9:48pm On May 13
COMRADES are speechless, there is nothing the MU-MU tickets will not do to draw their fellow Arab Muslims to the country

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