Interesting. Never heard of it. But it could be that is project will never have been build. Russian gas has been mostly replaced by liquid gas tankers. And the demand of gas is shrinkinhg in Europe.
https://en.wikipedia.org/wiki/Trans-Saharan_gas_pipeline?wprov=sfla1
The EU economy prognosis for 2023 is still positive. As far as I am aware only some countries are in a recession, not the EU in total.
And that “industry is shutting down” is also exaggerated.