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AfrOil PIPELINES & TRANSPORT AfrOil
Initially, throughput will amount to around including thermal power plants (TPPs) with
56.64 mcm per day, or around 20.67 bcm per a combined generating capacity of 3,600 MW
year. and petrochemical producers that use gas as
According to previous reports, the pipeline feedstock. As such, it is a key component of the
will pump gas from fields in the southern part Nigerian government’s domestic gasification
of the country to new domestic customers, strategy.
Nigeria signs four more MoUs on
NMGP with participating NOCs
NIGERIA NIGERIAN officials have signed four more we need to take to foster that integration and
memoranda of understanding (MoUs) towards economic value and it will pass through several
the construction of the planned Nigeria-Mo- countries, and I can confirm that ECOWAS has
rocco Gas Pipeline (NMGP) at a meeting in endorsed this project,” Kyari said. “So today’s
Nouakchott, Mauritania. meeting is in alignment with the national oil
On October 15, representatives from Nige- companies of Senegal and Morocco so that we
rian National Petroleum Co. Ltd. (NNPCL), can proceed with this.”
Morocco’s National Agency for Mines and
Hydrocarbons (ONHYM), PETROSEN of
Senegal and Mauritania’s SMH met to sign four
MoUs on the future construction of the pipe-
line, which will be nearly 5,600 km long and
will deliver gas to 11 countries, before reaching
Europe, likely via Spain or Italy. The pipeline is
designed to help export African gas into Europe.
The new deals follow MoUs already signed
between Nigeria, Morocco and the 15-mem-
ber Economic Community of Western African
States (ECOWAS). It is predicted that the project
will cost $20-25bn, over a construction period
of eight years.
Speaking at a signing ceremony, Nigerian
National Petroleum Co. Ltd (NNPCL) CEO
Mele Kyari described the planned project as
critical for the integration of West African econ-
omies. NMGP “is one of the critical decisions Kyari (L), shown at signing ceremony on October 15 (Photo: Twitter/@nnpclimited)
INVESTMENT
IEA rep says lenders should not cut off
financing for African oil and gas projects
REGIONAL MARY Warlick, the deputy executive director from African fossil fuel projects on the basis of
of the International Energy Agency (IEA), has environmental and climate risks.
called on international financial institutions Refusing to finance such initiatives, espe-
(IFIs) and commercial lenders to show more cially when they involve efforts to expand the
willingness to fund oil and gas projects in Africa. use of natural gas, is counterproductive as it
Speaking at the Africa Oil Week (AEW) con- hampers economic development, which is
ference in Cape Town on October 18, Warlick necessary for making the switch to renewable
said she opposed calls for withholding funds energy, she said.
Week 42 20•October•2022 www. NEWSBASE .com P7
