China, US to Invest in $25B Atlantic Africa Pipeline Project

Published: May 25, 2025 21:50

Save

Foreign media reported that China and the United States plan to participate in the investment of the Atlantic Africa Pipeline Project, which has a total value of US$25 billion. Originally known as the Nigeria-Morocco Gas Pipeline Project, the project reached a significant turning point in 2025, attracting increasing attention from the international community.

During the Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) held in Washington, Nigerian Finance Minister Olawale Edun stated, "Given China's vast natural gas reserves, the US side is focusing on investments in Nigeria's natural gas sector, particularly in the Nigeria-Morocco pipeline."

Jingye Group, a Chinese industrial giant, has announced its participation in the project through its UK subsidiary, Jingye UK Steel, and will supply steel for the pipeline construction.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

6 hours ago

Raw Material Divergence Keeps Costs Elevated, Aluminum Fluoride Sees Low Operating Rates and Stagnant Prices in a Stalemate SMM May 14 News: [SMM Fluoride Salts Weekly Review]

6 hours ago

Secondary Aluminum Industry Operating Rate Falls to 56.4% Amid Weaker Demand and Policy Tightening

[SMM Aluminum Alloy Brief] The operating rate of secondary aluminum industry leaders fell 0.6 percentage points WoW to 56.4% this week. Operating rates showed mixed performance among enterprises during the week: the fading impact of the Labour Day holiday and capacity expansion by individual enterprises drove a partial rebound in operating rates, but production cuts were more widespread across the industry. Production cuts were mainly dragged by two factors: first, weakening demand. As the industry entered the off-season, orders from downstream die-casting enterprises remained sluggish, with procurement dominated by rigid demand and small batches. Second, policy tightening. The reverse invoicing policy was further tightened, making it more difficult to obtain invoiced raw materials, passiv

6 hours ago

ADC12 Stopped Falling and Rebounded, but Weak Demand Suppressed Upside Potential[SMM Analysis]

[SMM Analysis]Policy Intensified Supply Contraction Supporting ADC12 Price Rebound, but Weak Demand Capped Upside Potential

6 hours ago