The Federal Government, the government of Morocco and international oil companies met in Abuja on Wednesday with respect to the construction of Nigeria-Morocco Gas Pipeline.
It was gathered that the meeting was sequel to the high-level discussions on the Pipeline Cooperation Agreement for the NMGP project signed between both countries during separate visits by their leaders, President Muhammadu Buhari and King Hassan VI.
The Nigerian National Petroleum Corporation, which represented the Federal Government at the meeting, said its Moroccan partner on the gas project – Morocco National Office for Hydrocarbons and Mines, as well as executives of the IOCs operating in Nigeria, met at the corporation’s headquarters to discuss modalities for the construction of the pipeline.
The NNPC explained that the agreement would particularly facilitate the establishment of a gas pipeline to supply the product from Nigeria to Morocco and the West African sub-region and further into Europe.
It stated that at the moment, both countries were planning to extend the pipeline that had been pumping gas from Nigeria to Benin, Togo and Ghana since 2010 to Morocco.
NNPC’s Group Managing Director, Mele Kyari, described the project as strategic for the country, adding that the project would provide market for Nigerian gas.
He was quoted in a statement as saying, “We have a lot of stranded gas particularly in the deep water that we need to put on the table.
“This project will enable us have more gas in our domestic gas so that we can improve power supply and gas to industry.”
He explained that along the pipeline’s corridor all the way to Morocco and into Europe, there was a huge potential for development of the West African subcontinent and part of North Africa.
“By doing this, we are also growing the economies of these countries along this pipeline and eventually ensuring peace and security, which are necessary for the economic growth of these countries,” Kyari added.