Source: Xinhua| 2019-12-26 00:02:33|Editor: Mu XuequanVideo Player CloseADDIS ABABA, Dec. 25 (Xinhua) -- The Ethiopian House of Peoples' Representative (HoPR) has approved an agreement that was signed between the governments of Ethiopia and Djibouti to install a cross-border pipeline to transport natural gas. In February this year, the Ethiopia Ministry of Mines and Petroleum had disclosed that the Poly-GCL, which discovered the natural gas reserve in Ethiopia's Ogaden area, would construct the 767-km natural gas pipeline. The ministry also stressed that the move would bring much-needed foreign currency to both countries, once the natural gas pipeline project is constructed and commissioned. Around 700-km of the natural gas pipeline will be located in Ethiopia, while the rest of the natural gas pipeline will be located in Djibouti, according to the ministry. The East African country, following the discovery of the hug natural gas, had also announced its plans to generate 1 billion U.S. dollars annually from extraction of natural gas and crude oil deposits.

Source: Ethiopian News December 25, 2019 16:41 UTC