UAE Invests $25 Billion in Nigeria-Morocco Gas Megaproject.


 UAE Invests $25 Billion into the Nigeria-Morocco Gas Line Megaproject.

The Nigeria-Morocco Gas Line Megaproject is fully is set to begin as all paperworks is being perfected.

Here are few things to know about this project:

*Project Name: African-Atlantic Gas Pipeline;

*Year of Conceptualisation: 2016;

*Project Cost: $25,000,000,000;

*Financiers: Islamic Development Bank, OPEC, European Investment Bank, and United Arab Emirates;

*Connect Networks: Nigeria, Southern City of Dahkla in Morocco and Northward Europe;

*Countries of travel: 15 African countries including Nigeria and Morocco;

*Project Milestones:

-Phase 1 (this will link Morocco to gas fields near Senegal and Mauritania, and connect Ghana to the Ivory Coast),

-Phase 2 (this will link Nigeria to Ghana),

-Phase 3 ( this will connect the Ivory Coast to Senegal);

*Pipeline Distance : 6,800 km long, including 5,100 km offshore (this pipeline will become the longest offshore gas pipeline in the world once completed);

*Piping Supplies: China’s Jingye Steel Group has been confirmed as the supplier of all pipes for the project;

*Economical Benefits: boost trades, access to electricity, and development in the region.

📍Note: This project should not be confused with the Nigeria-Algeria Gasline Project, otherwise known as the Trans-Saharan Gas Pipeline (the Nigeria-Algeria Gas Pipeline is cost at $10,000,000,000).

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