West Africa Backs Pipeline Plan That Seeks to Send Gas to Europe

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessWest Africa Backs Pipeline Plan That Seeks to Send Gas to EuropeWest African leaders endorsed the construction of a gas pipeline linking Nigeria and Morocco, advancing a megaproject that seeks to carry the fuel to Europe’s doorstep.Author of the article: You can save this article by registering for free here. Or sign-in if you have an account.rdfjk30{c}r317j4m11gv03j_media_dl_1.png Bloomberg(Bloomberg) — West African leaders endorsed the construction of a gas pipeline linking Nigeria and Morocco, advancing a megaproject that seeks to carry the fuel to Europe’s doorstep.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountHeads of the Economic Community of West African States signed an agreement in Sierra Leone on Sunday that formally supports plans for the 6,800-kilometer (4,230 mile) conduit that will cost an estimated $25 billion and eventually link 13 nations on the continent.A company for the African Atlantic Gas Pipeline will be established in Casablanca, Morocco’s largest city, and a higher authority in Nigeria’s capital, Abuja, according to a statement from state-controlled Moroccan energy company ONHYM. The developers will then mobilize funding and prepare a final investment decision.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againFirst mooted by Morocco in 2016, the planned pipeline has been steadily advancing over the past year. Led by ONHYM and the Nigerian National Petroleum Co., it’s being given added impetus as the Iran war squeezes global energy markets and leaves Europe hunting alternative supplies.The project will link gas deposits in countries including Nigeria, Senegal and Mauritania. From Morocco, it’ll connect to the existing Maghreb-Europe Gas Pipeline to Spain. Capacity is projected at 30 billion cubic meters, half of which will be destined for Morocco and Europe, ONHYM said.Sunday’s agreement gives the pipeline “the essential sovereign foundation to move from a strategic vision to concrete implementation,” NNPC Chief Executive Officer Bayo Ojulari said in a statement.Morocco’s neighbor Algeria is developing a rival project across the Sahara Desert to connect Nigerian gas fields to its Europe-bound pipeline. Authorities said they’d started work on the project in southern Algeria in June.Sign up here for the daily Next Africa newsletter and subscribe to the Next Africa podcast on Apple, Spotify or anywhere you listen.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.