Morocco has begun efforts to raise funding for a major natural gas pipeline project estimated to cost about $25 billion, marking an early stage in financing one of its largest energy infrastructure plans.

The initiative is being led by the country’s hydrocarbons and mining authority, which has reportedly opened a fundraising process following its recent transition into a public limited company earlier this year.

The proposed pipeline is designed to transport natural gas from West Africa through several countries before reaching Morocco, with an extension planned toward Europe. The full network is expected to stretch thousands of kilometres across onshore and offshore routes, connecting gas-producing regions including Nigeria, Senegal, and Mauritania with multiple African states along the corridor.

Once completed, the system is projected to carry around 30 billion cubic metres of natural gas annually, supplying Morocco and eventually European markets through existing regional infrastructure links.

Officials have not disclosed the size of the initial funds being targeted or a timeline for completion of the financing process.

The project is part of long-running regional energy cooperation efforts, including agreements between Morocco and Nigeria to jointly develop the pipeline through a dedicated partnership structure established last year.

The fundraising marks the first major capital market activity under the agency’s new corporate structure as it moves forward with development plans for the large-scale energy project.