Written by News Room on June 3, 2022
The Federal Government has directed the Nigerian National Petroleum Corporation (NNPC) to implement a deal on a gas pipeline to Europe through Morocco.
Approval for a memorandum of understanding on the gas project with West African regional bloc ECOWAS was given after the Federal Executive Council meeting,
The Minister of Petroleum, Mr. Timipre Sylva, who spoke to newsmen, said a Memorandum of Understanding (MoU) on the gas project with West African regional bloc; ECOWAS, was approved after the Federal Executive Council (FEC) meeting in Abuja late on Wednesday.
Report says that Africa’s gas resources are increasingly in the spotlight as the European Union looks to end Russian supplies of gas following the invasion of Ukraine in February.
It would be recalled that four years ago, Morocco’s King Mohammed VI and President Muhammadu Buhari agreed on the mega-project to carry gas along the Atlantic Coast, after an initial deal was signed in 2016.