Djibouti and Ethiopia Launch Power Corridor
The "Horn of Africa Energy Corridor" project, which connects Djibouti and Ethiopia, represents a strategic step to enhance energy security in the region, especially amid global geopolitical tensions and oil supply disruptions. The project is being implemented in phases, including the construction of a petroleum product storage facility and a 760-kilometer pipeline crossing the border, with an estimated cost of $160 million. The aim is to reduce transportation costs and improve efficiency, as pipeline transport significantly decreases transit time compared to road freight via trucks. The project seeks to lessen dependence on the Doraleh Port, improve energy sovereignty, and bolster Djibouti’s position as a regional logistics hub. It will also enable Ethiopia to secure its energy needs more quickly and safely, despite the area's security and geopolitical challenges.
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