ONHYM starts raising funds for Nigeria-Morocco gas pipeline
Updated
Updated · Bloomberg · Apr 29
ONHYM starts raising funds for Nigeria-Morocco gas pipeline
3 articles · Updated · Bloomberg · Apr 29
Summary
The $25bn, 6,900km project would link gas in Nigeria, Senegal and Mauritania with 10 African countries and connect via Morocco to Spain.
ONHYM says first gas from the Senegal-onward section could arrive in 2031, while more countries are expected to join a company later this year to structure financing and development.
The project has gained momentum as the Iran war enters a third month and Europe seeks non-Middle East supplies, despite regional tensions involving Algeria, Mauritania and Senegal.