China GCL to Supply Gas to Dangote Ethiopia in $4.2 Billion Deal

China’s Golden Concord Group Ltd. agreed to supply natural gas to Aliko Dangote’s planned fertilizer unit in Ethiopia for 25 years in a deal valued at $4.2 billion.

GCL will transport the gas from the Calub gas field in the Ogaden Basin through a dedicated 108-kilometer pipeline to the fertilizer production facility located in Gode, Somali region. The Chinese firm expects to produce 1.33 billion liters of the energy a year by 2029.