ADDIS ABABA — The House of Peoples’ Representatives (HPR) yesterday approved a deal with Djibouti to build a pipeline to transport natural gas from Ethiopia to an export terminal, according to various local media outlets.
The MPs described the deal as it meets the international requirements and allows the country to generate foreign currency from gas export. The deal, named as ‘agreement between the government of Ethiopia and Djibouti on the transit of natural gas pipeline ratification proclamation,’ – grants Ethiopia full ownership and title over the natural gas in the pipeline.
The natural gas pipeline is 765km and believed transport up to 12 million cubic meters of gas from the Ethiopian hinterland to the coast of neighboring Djibouti. House added that the agreement would further cement the previously concluded deals.
Ethiopia signed the agreement earlier this year to build the pipeline which will enable it to transport natural gas from Ogaden area to an export terminal in Djibouti.
The agreement facilitates the construction, extension, reconstruction, and operation of natural gas pipeline to transit natural gas from Ethiopia to a facility in Djibouti.
The Ethiopian Herald, December 25/2019
BY STAFF REPORTER
