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Morocco and UAE Team Up to Build Africa-Atlantic Gas Pipeline for Europe's Energy Needs


The project, which will foster the economic and energy collaboration in West Africa, will receive financial and technical help from the UAE, according to the agreement signed by King Mohammed VI of Morocco on his state visit to Abu Dhabi last week.

Nigeria's gas will reach Europe through the Africa-Atlantic gas pipeline, which crosses North Africa. The project will strengthen the energy and economic ties in the region. The UAE will support the project with its massive Abu Dhabi fund. The project will foster economic and energy collaboration in West Africa. It will stimulate the region's economic progress and deliver a consistent energy supply.

The Africa-Atlantic gas pipeline will unlock the gas potential of West African countries, especially Mauritania and Senegal, and connect them to the European market.With feasibility studies underway and Nigeria and ECOWAS backing the project, the pipeline is on a fast track. Next year, the construction will begin, according to Nigeria's energy minister, Ekperikpe Ekpo.

A mix of capital investments, creative financing solutions, concessional loans, and grants will be used by the UAE and Morocco to carry out all agreed investment projects in three months. They have opted to hasten the implementation.


Source : UAE Trade
Posted on :1/16/2024