
Stocks Market
Nigeria-Maroc Gas Pipeline: $25B Intergovernmental Agreement Expected in 2026
<p>Negotiations have reached a critical phase for the $25 billion Africa-Atlantic Gas Pipeline project between Nigeria and Morocco, with an Intergovernmental Agreement (IGA) expected in 2026. The 6,900 km hybrid offshore-onshore corridor will transport 30 billion cubic meters of gas annually, with half destined for Moroccan markets and European exports. A joint venture between Morocco's ONHYM and Nigeria's NNPC will lead construction, funded through equity and debt. The project aims to strengthen West Africa's economic integration by boosting industrial growth and positioning Morocco as an energy hub between Africa and Europe.</p><p>Operations could begin as early as 2031, with staged development allowing early value creation. While final funding details remain pending, the project's strategic scale and phased approach have already attracted significant international attention.</p>