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.
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.
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.
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.