The Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has shared that the Nigeria-Morocco Gas Pipeline (NMGP) Project will open new opportunities for Nigeria’s gas aspirations.
Kyari shared this in a meeting at a stakeholders’ engagement between the NNPC, its Moroccan partners, the Morocco National Office for Hydrocarbons & Mines (ONHYM), and the executives of the international oil companies operating in Nigeria. It centered on the benefits of the project and followed high-level discussions on the Pipeline Cooperation Agreement (PCA) for the NMGP project.
The PCA will facilitate the establishment of a gas pipeline to convey Nigeria’s gas from the Niger Delta to Morocco through the West African sub-region into Europe.
Shortly after the engagement with the representatives of the multinationals, Mr. Kyari described the project as strategic for Nigeria, as it would provide ample market for the country’s abundant gas resources.
“We have a lot of stranded natural gas resources, particularly in the deepwaters that we need to put on the table. This project will also enable us have more gas into our domestic gas so that we can improve power supply and gas to industry,” Mr. Kyari said.
Along the pipeline’s corridor all the way to Morocco and into Europe, he said there was a huge potential for the development of the West African subcontinent and part of North Africa.
“By doing this, we (Nigeria) 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,” he added.