Moroccan Minister of Energy Transition, Leïla Benali, announced on Friday the reopening, in the opposite direction, of the Maghreb-Europe gas pipeline (GME) to transport gas from Spain.
Morocco is one of the 10 most attractive jurisdictions in terms of mining policies, according to the latest ranking by the Fraser Institute. Recognition of all the efforts the Kingdom is making in the sector.
Over the years, Morocco has discovered numerous gas deposits located right next to pipelines and a large network of industrial units to the point of having a strong natural gas potential.
The British company Sound Energy announced that it has made progress in the context of phase 1 of the development of the Tendrara gas project. This is the result of the work done by the Italian contractor Italfluid, which is carrying out the installations for Sound Energy Morocco East Limited (SEMEL), a wholly-owned subsidiary of Sound Energy.
A few days after the announcement of Spain’s decision to support Morocco’s autonomy plan for the Sahara, Algeria first closed its livestock market to Spain, and gradually to all agricultural and commercial products from that country.
The President of the Spanish Government, Pedro Sanchez, would have indicated during his visit on Thursday to Rabat, that he does not plan to visit Algeria soon. The two countries have been at odds since Spain officially expressed its support for Morocco’s autonomy plan for the Sahara.
The Spanish company Naturgy has been negotiating since last year with the Algerian national company, Sonatrach, the renewal at the same price of its gas contract until 2024, in a context of global rise in hydrocarbon prices.
Morocco is preparing to import liquefied natural gas (LNG) via the Maghreb-Europe gas pipeline (GME) during the month of Ramadan. Last March, the kingdom and Spain had concluded an agreement in this regard.
The British company, Chariot Oil & Gas announced that the new natural gas reservoir discovered in the Anchois well off Larache is of excellent quality.
During his short trip to Algeria, US Secretary of State Antony Blinken was unable to discuss with President Abdelmajid Tebboune the crucial issue of the reopening of the Maghreb-Europe gas pipeline crossing Morocco.
Algeria is considering raising the prices of gas sales to Spain, after the latter declared its support for Morocco’s autonomy plan for the Sahara .
Sound Energy has announced the start of site preparation work for the construction of its small-scale gas liquefaction plant at the Tendrara field.