Milestone Reached: $25bn Nigeria-Morocco Gas Pipeline Project Advances
The $25 billion Nigeria-Morocco Gas Pipeline (NMGP) project has reached a significant milestone with the establishment of a dedicated Project Company. This move signals progress from the feasibility to the financial study phase, attracting international financiers like the European Investment Bank and the Islamic Development Bank.
The pipeline aims to transport 30 billion cubic meters of gas annually across thousands of kilometers, connecting West African countries to Morocco and Europe. The creation of the Project Company is crucial for centralizing responsibilities, financing, and governance, marking a key step in the infrastructure development necessary for the project's execution.
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