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

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000China’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.