Sat, Sep

FEC Approves NNPC-ECOWAS Gas Pipeline Deal

Top Stories

The Federal Executive Council (FEC) has given a go-ahead to the Nigerian National Petroleum Corporation (NNPC) to execute an MoU with the Economic Community of West Africa States (ECOWAS) for the construction of the Nigeria-Morocco Gas Pipeline. This was disclosed by the Minister of State for Petroleum Resources, Timipre Sylva, after the FEC meeting presided by the Vice President Prof. Yemi Osinbajo at the Presidential Villa in the nation's capital on 25th May 2022. More so, the Minister made it clear that the project was still at the early stage of the front-end engineering design, which the cost would be determined thereafter, as the pipeline would pass through fifteen (15) West African Countries to Morroco and Spain to enable Nigeria supply the connected 15 countries with gas while tapping into European markets.

Sylva said, “The Ministry of Petroleum Resources presented three memos to Council.

“The first memo, Council approved for the NNPC Ltd to execute MoU with ECOWAS for the construction of the Nigeria-Morocco Gas Pipeline.

“This gas pipeline is to take gas to 15 West African countries and Morocco and through Morocco to Spain and Europe”.

This month, three memoranda were presented by the Ministry of Petroleum Resources to the FEC, the first of which comprises the approval for the Nigeria-Morocco gas pipeline.

Additional approvals included the construction of a switchgear room and installation of power distribution cables and equipment for the Nigerian oil and gas park in Ogbia, Bayelsa State, worth N3.8 billion, and contracts for the construction of an access road, inclusive of bridges, to the Brass Petroleum Product, Deport in Inibomoyekiri, south of Nigeria.