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Nigeria seeks gas funding
Nigeria is holding talks with UAE-based ADNOC to secure financing for the African Atlantic Gas Pipeline project, whose estimated cost is between $25 billion and $26 billion. The intergovernmental agreement calls for the project company to be established in Casablanca and a higher authority in Abuja. The pipeline will stretch about 6,800 kilometers across 13 countries, with expected annual capacity of 30 billion cubic meters, around 15 billion of which would go to Morocco. The project is intended to be built in sections, making use of existing infrastructure and generating early revenue. However, the final investment decision and timetable—which target gas deliveries in 2031—remain contingent on securing financing and completing the agreements and contracts.
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