April 16, 2024

Nigeria, Morocco, Cote d’Ivoire, Liberia, Benin, Guinea sign MoUs on Nigeria-Morocco Gas Pipeline

Oredola Adeola

 

The Nigerian National Petroleum Company Limited has signed four significant Memoranda of Understanding related to the Nigeria Morocco Gas Pipeline Project with the Office National des Hydrocarbures et des Mines (ONHYM) of Morocco on one hand, and the Société Nationale des Opérations Pétrolières of Cote d’Ivoire (PETROCI), the National Oil Company of Liberia (NOCAL), the Société Nationale des Hydrocarbures of Benin (SNH-Benin), and the Société Nationale des Pétroles of the Republic of Guinea (SONAP).

 

Four Memoranda of Understanding were signed  as part of the Nigeria-Morocco Gas Pipeline Project with the parties at the headquarters of the Economic Community of West African States (ECOWAS) on Friday, June 16, in Abuja.

 

According to a statement by Garba Deen Muhammad, Chief Corporate Communications Officer NNPC Limited, these Memoranda of Understanding, similar to those signed with ECOWAS on September 15, 2022, Mauritania and Senegal on October 15, 2022, and the Gambia, Guinea-Bissau, Sierra Leone, and Ghana on December 5, 2022, reaffirm the commitment of the Parties to this strategic project.

 

The statement from Garba Deen noted that once completed, the project will enhance the monetization of the natural gas resources of the affected African countries and also offer a new alternative export route to Europe.

 

NNPCL stated that the signings took place on the sidelines of the Steering Committee meeting of the Nigeria-Morocco Gas Pipeline Project, which was attended by representatives from ECOWAS and all the participating countries, including Nigeria, Benin, Togo, Ghana, Côte d’Ivoire, Liberia, Sierra Leone, Guinea, Guinea-Bissau, The Gambia, Senegal, Mauritania, and Morocco.

 

In his remarks, the Group CEO, NNPC Ltd, Mr. Mele Kyari  thanked President Bola Ahmed Tinubu ( and the Nigerian Government for entrusting NNPC Ltd. with this strategic project as the National Energy Company.

 

He added that “as a commercial enterprise, NNPC Ltd. sees this project as an opportunity to monetise Nigeria’s abundant hydrocarbon resources, by expanding Access to energy to support economic growth, industrialization, and job creation across the African continent and beyond.

 

NNPC said, “This significant infrastructure project will contribute to accelerating access to energy for all, improving the living conditions of the populations, integrating the economies of the sub-region, and mitigating desertification.

 

“It will achieve these goals through the provision of sustainable and reliable gas supply that aligns with the continent’s new environmental commitments, while providing Africa with a new economic, political, and strategic dimension,” the statement said. 

 

Also speaking, the Director General of ONHYM, Amina Benkhadra said that the gathering represents a progressive step in ensuring social and economic development through energy security and accessibility geared towards attaining total development of Africa by Africans.

 

In his remarks, the ECOWAS Commissioner for Infrastructure, Energy and Digitization, Mr. Sédiko Douka said the gas pipeline project is significant as it will help strengthen the region’s electricity production/generation capacity, stimulate industrial and agricultural development, and contribute to the energy transition by using a source of energy that is cleaner than other fossil fuels.