The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd),Mele Kyari, has revealed that the Final Investment Decision for the $25 billion Nigeria-Morocco Gas Pipeline Project is slated to be made in December 2024. Kyari disclosed this information during a Leadership Dialogue Session at the ongoing CERAWeek Conference in Houston, United States, on Tuesday.
The ambitious project, which is currently in an advanced stage, aims to establish a pipeline spanning thirteen African countries to Europe. Kyari emphasized NNPC Ltd’s commitment to enhancing its capacity to supply gas to both the domestic market and beyond, highlighting the importance of leveraging Nigeria’s abundant gas resources.
“As a gas-endowed country, Nigeria must utilize its abundant gas resources to provide the alternative fuel that it needs,” stated Kyari during the conference. He underscored the significance of gas in achieving energy transition, emphasizing its cost-effectiveness as the preferred route towards this goal. Kyari also mentioned ongoing efforts to develop trunklines and other gas infrastructure to support various gas networks across the nation.
In addition to discussing the gas pipeline project, Kyari addressed the issue of crude oil theft in Nigeria. He noted that the government, in collaboration with private security agencies, is actively combating this menace. Through joint efforts, there have been notable improvements in restoring the nation’s crude oil production, Kyari highlighted.
The announcement of the Final Investment Decision for the Nigeria-Morocco Gas Pipeline Project in December 2024 marks a significant milestone in Nigeria’s efforts to harness its gas resources for both domestic and international markets. As developments unfold, stakeholders eagerly anticipate further progress towards realizing this ambitious infrastructure project.
