Morocco and Nigeria have agreed to form a joint venture to manage a $25 billion gas pipeline project aimed at supplying gas to Europe. Moroccan Energy Minister Leila Benali announced that the project has entered the execution phase, with feasibility and engineering studies completed.
A floating gas storage and regasification terminal will be built in Nador on the Mediterranean, and bids for its construction will be invited soon. The 5,300km pipeline route has already been finalized.
The Nigeria-Morocco gas pipeline, agreed upon in 2017, will transport around 30 billion cubic meters of gas annually across a 7,000km route to Morocco and Europe. The pipeline will pass through several West African countries and include a spur to Spain.
Despite its scale, the project has struggled to attract European investment, reportedly due to Europe’s shift toward hydrogen energy. As a result, Morocco and Nigeria may seek funding from oil-rich Gulf nations.
