Mele Kyari, the Group Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPC) Ltd., announced that the Final Investment Decision (FID) for the $25bn Nigeria-Morocco Gas Pipeline (NMGP) project is slated for December 2024, amidst increasing global calls for cleaner energy sources.
Speaking at a Leadership Dialogue Session during the ongoing CERAWeek Conference in Houston, United States, Kyari highlighted the advanced stage of the NMGP, which aims to establish a pipeline spanning thirteen African countries to Europe.
He emphasized that the FID for the $25bn project is scheduled for December.
Kyari also underscored the need for a differentiated approach to achieving energy transition across the African continent, noting the varying energy dynamics and security concerns faced by countries, particularly in sub-Saharan Africa.
“The world has seen all the challenges thrown up recently by geopolitical events. It is clear that before the energy transition, countries must first attain security of energy supply in their countries. You cannot talk about energy security when it is not even available. In most sub-Saharan Africa, 70 per cent of the population doesn’t have access to clean cooking fuels. Therefore, you must fill the supply gap first,” the GCEO stated.
