Djibouti announces mega gas project

Addis Ababa, March 3, 2016 (FBC) – President Ismaïl Omar Guelleh has presided over the foundation stone laying ceremony for the new mega gas project, which comprises a natural gas pipeline, a liquefaction plant and an export terminal at Damerjog, Djibouti. The pipeline project will enable Ethiopia to export gas to China and support socio-economic development across the region.

The new 700 km pipeline will transport up to 12 billion m3/y of natural gas from Ethiopia to Djibouti. The liquefaction plant will have capacity to produce up to 10 million t of liquefied natural gas (LNG) per year after completion of the project.

The project, which will be funded by Chinese firm POLY-GCL Petroleum Group Holdings Ltd, will cost approximately US$4 billion. Construction work is expected to start shortly and will take three years to complete.source: FBC