Investor edition Tuesday, July 21
Economy Energy Markets

West Africa Signs Off $25bn Mega Gas-Pipeline Plan

West African leaders formally endorsed the Nigeria–Morocco Atlantic Gas Pipeline, a 6,000-km project expected to transport about 30 bcm of gas annually to 400 million consumers, with construction planned in phases…

West Africa signs off on a 6,000-km gas pipeline plan connecting Nigeria to Morocco and Europe
West Africa signs off on a 6,000-km gas pipeline plan connecting Nigeria to Morocco and Europe

Market impact

The pact could reshape West Africa’s energy landscape by monetising gas resources, expanding regional markets, and strengthening Africa’s role in global gas supply.

Why it matters: The plan aligns with regional energy security goals, supports potential industrial growth and exports, and enhances Africa’s leverage in international energy markets.

Key numbers

  • $25bn
  • 6,000 km
  • 30 bcm/year
  • 14 nations
  • 400 million consumers
  • 2028 (start)

Watch next

  • Progress of phased construction
  • financing commitments from 13 member states
  • security arrangements for offshore segments
  • inflation impact on project cost
  • FEED and feasibility study completions
Energy Infrastructure Construction Industrial development Nigeria National Petroleum Corporation Morocco oil and mining sectors Ecowas Islamic Development Bank

The Nigeria–Morocco Atlantic Gas Pipeline has received formal endorsement from West African leaders, marking a major milestone for one of Africa’s most ambitious energy projects. The plan envisions a 6,000-kilometer offshore-to-onshore gas conduit running along the Atlantic coast, linking 14 African nations and transporting Nigerian gas to Morocco before feeding into Europe’s gas network via Spain. The agreement, signed during a ceremony in Freetown, comes after roughly a decade of negotiations and sets up a governance and legal framework intended to unlock financing and construction in the years ahead.

Officials say the project could redefine regional energy security and economic ties. Supporters emphasize that the pipeline would help end the traditional model of exporting raw gas only to be refined, processed, and re-imported at higher prices, a pattern many describe as an underutilization of Africa’s own resources. Analysts note that the route largely avoids the Sahel’s most unstable corridors, potentially reducing security risks, though offshore construction adds to overall costs. The consortium led by Nigeria’s state oil firm and Morocco’s mining body is supported by Ecowas and regional financiers, including the Islamic Development Bank and the OPEC Fund for International Development.

If all goes to plan, the project is expected to transport about 30 billion cubic meters of gas per year and could serve some 400 million consumers across the region. Financing remains a key hurdle, with the estimated $25 billion price tag vulnerable to inflation and credible assurances from participating nations to meet off-take obligations and protect the pipeline from security threats. Industry voices caution that the project will be built in phases, beginning with the Morocco–Mauritania–Senegal axis and later extending toward Ghana, Côte d’Ivoire, and finally Nigeria, which would supply the gas. Analysts caution Nigeria was seen as a potential stumbling block early on, though the plan now contemplates phased development rather than a single, upfront build.

Beyond supplying Europe, officials say the pipeline could spur regional industrial growth, including power generation, fertiliser plants, petrochemicals, and manufacturing along the Atlantic coast. Some observers highlight the broader strategic value: Africa could gain greater access to international markets and a stronger seat at the global energy table. As one energy expert noted, the project would contribute to Africa’s regional security and its bargaining power with European and Asian buyers.

The timing remains uncertain, as the financing race begins in earnest and political stability across all participating states must be maintained. Still, the ceremony in Freetown underscored a shared conviction that joint regional infrastructure can unlock scarce energy resources and catalyze long‑term development across West and North Africa.