The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari has expressed his confidence in the Nigeria-Morocco Gas Pipeline (NMGP) project which he promised would open new frontiers for the Nigerian government.
This was disclosed at a meeting organised by the stakeholders with Morocco National Office for Hydrocarbons & Mines (ONHYM), and top executives of International Oil Companies operating in Nigeria, at the NNPC Towers.
The meeting came after several high-level discussions on the Pipeline Cooperation Agreement (PCA) for the NMGP project which was signed by both countries during separate visits by their leaders, President Muhammadu Buhari and King Hassan VI of Morocco.
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The PCA is expected to facilitate the establishment of a gas pipeline to supply the product from Nigeria to Morocco and the West African sub-region and further into Europe.
Nairametrics had earlier reported that the 5,660km long project will reduce gas flaring in Nigeria and encourage diversification of energy resources in the country while cutting down poverty through the creation of more job opportunities.
Currently, both countries are considering extending the pipeline that has been pumping gas from Nigeria to Benin, Togo and Ghana since 2010 to Morocco.
Kyari highlighted the project as a strategic boost for the country, adding that the project would provide a market for Nigerian gas.
“We have a lot of stranded gas particularly in the Deepwater that we need to put on the table. The Nigeria-Morocco project will enable us to have more gas for domestic consumption so that we can improve power supply and gas to Industry.”
Kyari also explained there was a huge potential for the development of the West African sub-Continent and part of North Africa due to the pipeline’s corridor which stretches all the way to Morocco and into Europe.
“By doing this, we 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.”