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Africa's Gigantic Gas Pipeline to Europe Approved
20 Jul
Summary
- A 6,000km gas pipeline will run along Africa's Atlantic coast.
- The project is estimated to cost $25bn and begin construction in 2028.
- It aims to boost regional industrial growth and Africa's global influence.
West African leaders have officially approved the ambitious Nigeria-Morocco Atlantic Gas Pipeline, a 6,000km infrastructure project. The pipeline will traverse 14 African nations along the Atlantic coast, carrying Nigerian gas to Morocco before connecting to Europe's network via Spain.
Construction is projected to commence in 2028 with an estimated cost of $25 billion. This initiative signifies a departure from current practices where African resources are processed abroad and resold at higher prices. Energy experts believe it can foster regional industrial expansion and elevate Africa's position in international negotiations.
The project, which has seen over a decade of negotiations, establishes a crucial legal and governance framework. Although financing remains a significant challenge and construction will occur in phases, the pipeline aims to supply 30 billion cubic meters of gas annually to 400 million consumers, reshaping West Africa's energy landscape and offering access to global markets.
