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2 clusters · 7 sources · 13 days · First seen · Last updated

African Atlantic Gas Pipeline development

Overview

The African Atlantic Gas Pipeline (AAGP) project has entered a critical phase focused on securing private and multilateral financing. The project, estimated to cost between $25 billion and $26 billion, aims to connect Nigeria to Morocco through several West African nations, with potential links to European markets.

Moroccan Foreign Minister Nasser Bourita has advocated for new mechanisms to mitigate investment risks and attract long-term capital, noting that the continent requires significant annual infrastructure investment through 2030. While no new funding commitments were announced, discussions are reportedly underway with international institutions such as the World Bank and the U.S. Export-Import Bank. The project seeks to reach a final investment decision by the fourth quarter of 2026.

Entities

Judith Adjobah Blay · Nigeria · African Atlantic Gas Pipeline · United States Export-Import Bank · Eni

Timeline

  1. [BUSINESS] 2 sources
    African Atlantic Gas Pipeline enters financing phase

    The $25-26 billion African Atlantic Gas Pipeline project is seeking financing, with a final investment decision targeted for late 2026 to connect Nigeria to Morocco and potentially Europe.

  2. [BUSINESS] 5 sources
    Ghana Gas plans $500 million pipeline to boost industrial supply

    Ghana Gas plans to invest $500 million in a 278-km pipeline to connect western gas production to southeastern industries by 2027, aiming to meet rising demand and enhance energy security.

Sources

afrikactus.com · al3omk.com · cedmagazineng.com · hnews.ma · miningandenergy.com.na · myjoyonline.com · punchng.com