Latest news with #WAGP
Ya Biladi
22-05-2025
- Business
- Ya Biladi
US eyes investment In Nigeria-Morocco gas pipeline
The United States has shown strong interest in the gas pipeline project linking Morocco to Nigeria, according to media reports from Abuja. The Trump administration is showing «interest in investing in the Nigeria-Morocco Gas Pipeline (NMGP) project», said Nigeria's Minister of Finance and Economy, Wale Edun, during a press conference. This week, the minister visited Washington to attend the 2025 Spring Meetings of the International Monetary Fund and the World Bank. His Moroccan counterpart, Nadia Fettah Alaoui, also participated in the gatherings. The project enjoys the backing of Nigeria's federal government, in contrast to the difficulties faced by the Nigeria-Niger-Algeria pipeline, which has been hampered by crises in the Sahel and strained relations between Abuja and Niamey, and more recently between Niamey and Algiers. As a reminder, Amina Benkhadra, Director General of the National Office of Hydrocarbons and Mines (ONHYM), presented the significant progress of the West African Gas Pipeline (WAGP) on March 6 in Washington. Her presentation took place during an event organized by an American think tank on the sidelines of the «Powering Africa Summit», which focused on energy partnerships between the United States and Africa.
Business Insider
11-05-2025
- Business
- Business Insider
Nigeria engages Ghana over $75m gas debt, promotes Atlantic pipeline partnership
Nigeria and Ghana, two West African nations, have held talks on the sidelines of the West African Gas Pipeline (WAGP) Committee of Ministers meeting in Accra to resolve a pending $75 million debt dispute. Nigeria and Ghana discussed resolving a $75 million gas debt dispute during the WAGP meeting. The Nigerian Minister of State for Petroleum met with President Mahama to discuss engagement with relevant agencies. Both nations reiterated their commitment to collaboration in the gas sector and to fulfilling financial obligations. Nigeria's Minister of State for Petroleum Resources, Ekpo Ekperipe, stated that he discussed the outstanding $75m gas debt with Ghana's President, John Dramani Mahama, during the meeting. The minister emphasized the need to engage relevant agencies in Ghana to settle the debt owed to Nigeria for gas supplied under the West African Gas Pipeline (WAGP) agreement. Ghana's outstanding debt currently stands at $75 million for gas supplied several months ago, with uncleared documentation hindering payment. Ekpo stressed the urgency of resolving the issue to safeguard energy cooperation and regional harmony, as outlined in the Treaty. Ghana's gas deal with Nigeria Nigeria supplies gas to Ghana through the West African Gas Pipeline (WAGP), a 678-kilometer regional infrastructure project designed to transport natural gas from Nigeria's Niger Delta to Benin, Togo, and Ghana. The WAGP is operated by the West African Gas Pipeline Company Limited (WAPCo), a consortium that includes Chevron, the Nigerian National Petroleum Corporation (NNPC), Shell, and national gas companies from Ghana, Togo, and Benin. Gas is primarily used by power plants in Ghana to generate electricity. Over the years, Ghana has occasionally fallen into arrears due to financial challenges in its energy sector, prompting Nigeria to demand payment to avoid supply disruptions. The recent $75 million arrears dispute is part of this ongoing supply and payment relationship. Nigeria seeks support for Atlantic Gas Pipeline Project The Nigerian Petroleum Minister also solicited Ghana's support for the African Atlantic Gas Pipeline Project, a strategic project aimed at deepening regional ties in areas of energy security and economic cooperation. " We are committed to sustaining continued collaboration with Ghana in the gas sector, ' he stated, reaffirming Nigeria's readiness to resolve all outstanding matters related to gas supply under the WAGP agreement. President Mahama, in his response, expressed appreciation for the minister's comments and shared concerns, reiterating Ghana's commitment to fulfilling its financial obligations to the West African Gas Pipeline project and promoting regional stability and prosperity. Notably, in February, the Ghanaian government announced plans to negotiate with Nigeria's N-Gas Limited to settle a $37.5 million payment, part of the outstanding debt for gas supplied to Ghana's power plants. However, the Managing Director of N-Gas has not confirmed or denied whether the payment was made.
