Djibouti President starts US$4 billion Mega-Gas Project

Djibouti, Capital Markets in Africa – Djibouti President Ismail Omar Guelleh laid the foundation stone for Mega-Gas Project on Thursday 3^rd March 2015.

The work on the project will include 700km gas pipeline, liquefaction plant, an export terminal at Damerjog in Djibouti, to begin “shortly,” government stated in e-mailed statement.

The pipeline will transport as much as 12bcm of natural gas/yr from Ethiopia to Djibouti; liquefaction plant will have the capacity to produce as much as 10m metric tonnes of liquefied natural gas per year. This project will enable Ethiopia to export gas to China and its expected to be completed in 3 years. The project will be funded by POLY-GCL Petroleum Group of China.