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Nigeria and Morocco aim to reach a deal by 2026 for the advancement of Atlantic gas pipeline

Nigeria's foreign ministry announced that Nigeria and Morocco are expected to sign an Intergovernmental Agreement in the?fourth quarter of 2026, to progress a major Atlantic coast gas pipeline project.

The agreement to be signed between the Nigerian president Bola Tinubu, and the Moroccan King Mohammed VI follows preliminary studies of the Nigeria-Morocco Gas Pipeline (also known as the African Atlantic Gas Pipeline).

In a Tuesday statement, the Ministry said that this development was discussed during a phone call between Nigerian Foreign Minister Bianca Odumegwu Ojukwu, and her Moroccan counterpart Nasser Borita on Friday.

Amina Benkhadra of the?Morocco’s hydrocarbons & mining agency (ONHYM) said last month that a $25 billion Nigerian-Morocco Gas Pipeline would be signed in this year.

Benkhadra, from ONHYM, said that the project, which was agreed on 10 years ago, would cover a distance of?6,900 kilometers along a hybrid route between offshore and onshore with a capacity maximum of 30 billion cubic meters (bcm). This includes 15 bcm for Morocco, as well as to support exports to Europe.

The two sides also explored collaboration opportunities?in fertiliser distribution and production, citing their?importance for food security in Africa.

Both ministers emphasized the need to "re-establish" the Nigeria-Morocco Business Council in order to promote trade and investments, particularly under the African Continental Free Trade Area and an existing double-taxation treaty. (Writing and editing by Gareth Jones, Chijioke Ahuocha)

(source: Reuters)