- The Economic Community of West African States (ECOWAS) converged in Abuja on May 10th to address the gas pipeline infrastructure challenges in the region. The meeting took place at a time when the geo-political developments have pumped up crude oil and gas aids prices.
The Economic Community of West African States (ECOWAS) converged in Abuja on May 10th to address the gas pipeline infrastructure challenges in the region. The meeting took place at a time when the geo-political developments have pumped up crude oil and gas aids prices. The meeting was a follow-up on the extraordinary meeting of the Committee of Ministers held in Accra, Ghana on November 16, 2021
The Ministers felt the urgent need to push the West African Gas Pipeline (WAGP) Project. The project which originated from the ECOWAS Energy Policy aimed at promoting economic development and integration among ECOWAS States through cross-border natural gas transportation. The WAGP Project gained further significance in the light of the brewing tension between Europe and Russia over gas supply, and the Organisation of Petroleum Exporting Countries (OPEC)’s revival of the Nigeria – Morocco pipeline project.
The Ministers committed themselves to achieve the projected targets, which are to deepen gas supplies and utilisation within the ECOWAS sub-region, imperative for the economic development of the member countries. Further, the natural gas has been classified as part of renewable energy, underlining the urgent need to explore and exploit the abundant natural gas deposits within the region.
Read also; https://trendsnafrica.com/the-ecowas-north-backbone-project-launched/
