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Ethiopia & Djibouti sign deal to build natural gas pipeline in the Red Sea state

Gasoil News - Published on Tue, 19 Feb 2019

Image Source: THISDAYLIVE
Reuters reported that Ethiopia and Djibouti have signed a deal to build a pipeline to transport Ethiopian gas to an export terminal in the Red Sea state. Ethiopia found extensive gas deposits in its eastern Ogaden Basin in the 1970s. China's POLY-GCL Petroleum Investments has been developing the Calub and Hilala fields there since signing a production sharing deal with Ethiopia in 2013.

The agreement between Djibouti and Ethiopia comes more than a year after POLY-GCL signed a memorandum of understanding with Djibouti to invest $4 billion to build the natural gas pipeline, a liquefaction plant and an export terminal to be located in Damerjog, near the country's border with Somalia.

It was envisaged that production would start last year, but the Ethiopian government said that was now likely to happen in 2020.

Source :

Posted By : Rabi Wangkhem on Tue, 19 Feb 2019
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