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Home Energy

FEC approves NNPC, ECOWAS gas pipeline agreement

Energy Capital & Power by Energy Capital & Power
June 22, 2022
in Africa, Energy, Nigeria
Reading Time: 1 min read
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The Federal Executive Council (FEC) has given the Nigerian National Petroleum Corporation (NNPC) approval to sign an agreement with the Economic Community of West African States (ECOWAS) for the construction of the Nigeria-Morocco Gas Pipeline.

The announcement was made by Minister of State for Petroleum Resources, H.E. Chief Timipre Sylva, under the authority of FEC Vice President, H.E. Yemi Osinbajo, at the Presidential Villa in Nigeria’s capital, Abuja, on May 25, 2022.

Also read: Fintech in Nigeria – Proposed operational guidelines for open banking

H.E. Minister Sylva clarified that the Nigeria-Morocco pipeline project was still at the early stage of front-end engineering design, with costing to be determined thereafter.

Spanning 15 west African countries and ending in Cádiz, a south-western city in Spain, the pipeline will enable Nigeria to supply the connected 15 countries with gas while tapping into European markets.

This month, three memoranda were presented by the Ministry of Petroleum Resources to the FEC, the first of which comprises the approval for the Nigeria-Morocco gas pipeline.

Also read: Nigeria Indicina fintech raised $3M seed funding

Additional approvals included the construction of a switchgear room and installation of power distribution cables and equipment for the Nigerian oil and gas park in Ogbia, Bayelsa State, worth N3.8 billion and contracts for the construction of an access road, inclusive of bridges, to the Brass Petroleum Product Deport in Inibomoyekiri, south of Nigeria.

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Source: Energy Capital & Power
Tags: African countriesEconomic Community Of West African StatesECOWASFECFEC approves NNPC ECOWAS gas pipeline agreementFederal Executive Councilgas pipelineNigeriaNigeria-Morocco Gas PipelineNigerian National Petroleum CorporationNNPCOil and gasTimipre SylvaYemi Osinbajoнигерияنيجيرياナイジェリア尼日利亚
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Energy Capital & Power

Energy Capital & Power

Energy Capital & Power is the African continent’s leading investment platform for the energy sector. Through a series of events, online content and investment reports, we unite the entire energy value chain – from oil and gas exploration to renewable power – and facilitate global and intra-African investment and collaboration.

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