Nigeria To Finalize Investment Decision on $25bn Gas Pipeline In 2023

The Nigerian National Petroleum Company Limited along with its partners could take a Final Investment Decision on the $25 billion Nigeria-Morocco gas pipeline in 2023. <br />The 5,600-kilometer pipeline is meant to supply fuel to Europe, with the NNPC and the Office National des Hydrocarbures et des Mines of Morocco, signing a Memorandum of Understanding on the deal last month. <br />Group Chief Executive Officer of the NNPC, Mallam Mele Kyari, assured that the project was on course and remains one of the most critical for the company. <br />Kyari says the project will cost $20-25 billion to build and will be constructed in phases, he anticipates the first segment would take three years to finish and the others five years.