The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari has said that the Final Investment Decision for the twenty five billion naira Nigeria-Morocco Gas Pipeline Project will be made in December 2024.
Kyari made the disclosure while speaking during a Leadership Dialogue Session at the ongoing CERAWeek Conference in Houston, United States.
According to him, the project, which is at an advanced stage, will create a pipeline that will pass through thirteen African countries to Europe.
Kyari stated that the NNPC Ltd’s focus is to build its capacity to deliver gas to the domestic market and beyond, pointing out that as a gas-endowed country, Nigeria must utilise its abundant gas resources to provide the alternative fuel that it needs.
“We understand the arguments towards attaining energy transition, but the cheapest way to achieve that is through gas. We see clear opportunities that gas creates. Today we are building a number of trunklines and other gas infrastructure that will supply gas to a number of gas networks,” Kyari said.
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