US EditionFG Courts Investors For $25bn Nigeria-Morocco Gas Pipeline Project
- Nigeria is progressing with a $25 billion Nigeria-Morocco gas pipeline initiative to capitalize on its extensive proven natural gas deposits estimated at 209 trillion cubic feet.
- This initiative builds on the Tinubu administration's energy transition plan and reforms, including Presidential Directives that improve fiscal terms and regulatory clarity.
- Critical infrastructure projects like the OB3, AKK pipelines, and ELPS looping are progressing, while the ANOH Gas Processing Plant now produces 850 million standard cubic feet per day.
- Verheijen emphasized that these efforts are completely in line with the government's energy transition strategy, aiming to achieve a daily gas production of 10 billion cubic feet by 2030 and to expand LPG availability to 12 million households.
- These developments suggest Nigeria aims to diversify its economy, enhance investor confidence, and secure energy supply for industrial growth and environmental sustainability.
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17 Articles
Nigeria seeks $25bn gas pipeline investment
Vice-President Kashim Shettima says Nigeria is pursuing a $25 billion undersea gas pipeline project aimed at supplying natural gas to Europe through the West African coastline. Shettima disclosed this on Monday during a meeting with Vitol Group, the world’s largest independent commodity trader, at the Presidential Villa in Abuja. Freedomonline reports that the Nigeria-Morocco Gas […] The post Nigeria seeks $25bn gas pipeline investment appeared…
Nigeria seeking $25bn investment for gas pipeline project, says Shettima
Vice-President Kashim Shettima says Nigeria is actively seeking $25 billion investment to supply gas to Europe via the Nigeria-Morocco gas pipeline project. Speaking on Monday at the presidential villa during a meeting with a Vitol Group delegation, an independent commodity trader, Shettima said the project is an expensive venture requiring about the aforementioned amount. He said the country needs Vitol’s technical expertise to successfully fin…
Nigeria Sets Sights on Europe with $25 Billion Undersea Gas Pipeline - Commonwealth Union
Africa (Commonwealth Union) _ Nigeria has initiated a groundbreaking $25 billion deep-sea gas pipeline enterprise whose purpose is to provide Europe with natural gas and, in this way, to secure energy worldwide. All the while, the gas pipeline is the estimate of the Nigeria-Morocco Gas Pipeline in West Africa, crossing it from the Nigerian shores, through Morocco, and, thus, supplying the European market, and the gas that comes along. The execut…
Nigeria Pursues $25 Billion Investment for Undersea Gas Pipeline to Europe - Lagos Television
Nigeria is advancing a $25 billion undersea gas pipeline project designed to deliver gas to Europe. This announcement was made during a meeting on Monday at the Presidential Villa, Abuja, between Vice President Kashim Shettima and representatives of the Vitol Group. The initiative, known as the Nigeria-Morocco Gas Pipeline, will transport Nigerian gas to Morocco and then onward to Europe…
Nigeria Courts $25bn in Game-Changing Gas Pipeline Deal with Vitol as Europe Seeks Alternative Supply Lines
In what could be one of the most ambitious infrastructure undertakings in Africa’s energy sector, Nigeria has reignited momentum behind the $25 billion Nigeria-Morocco undersea gas pipelin, seeking strategic collaboration with global energy trading giant, Vitol Group. Vice-President Kashim Shettima, speaking during a high-stakes engagement with Vitol executives at the Presidential Villa in Abuja on …
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