Predator Oil & Gas has begun drilling the MOU-6 well at Guercif. The operation is intended to determine whether the gas already identified in the area can be extracted at a sufficient flow rate to launch initial commercial production.
Gas volumes transported from Spain to Morocco fell sharply in the second half of August. The nearly one-third decline came after the summer peak in electricity consumption, while the Kingdom remains dependent on Spanish infrastructure to import its LNG.
Officially, Madrid continues to praise its cooperation with Rabat. But according to RTVE, the Spanish government is simultaneously examining the energy levers it could use to deter Morocco in the event of a new migration crisis.
Morocco is seeking to mobilize the US Exim Bank and the World Bank to finance the Atlantic African pipeline, estimated at $26 billion. The project is intended to connect West African gas resources to the kingdom, then to Europe.
Morocco has frozen its tender for the construction of a gas storage unit in Nador . This unexpected decision prolongs the Kingdom’s energy dependence on Spain, amid internal budget disagreements within the government.
Spain is placing its energy hopes in the hands of Washington. To reactivate the gas pipeline crossing Moroccan territory , Madrid is now counting on the success of American mediation between Rabat and Algiers.
Despite proposals from Spain and international partners, Algeria maintains its position and opposes the reopening of the Maghreb-Europe gas pipeline crossing Morocco to export its natural gas to Europe. A decision that reflects the depth of the diplomatic crisis between the two neighboring countries.
There has been no more electricity exchange between Morocco and Algeria since the closure of the Maghreb-Europe gas pipeline in 2021, the Moroccan Ministry of Energy Transition and Sustainable Development confirmed on Monday.
While the Algerian authorities had cited political tensions with Morocco in 2021 to justify the closure of the Maghreb-Europe gas pipeline (GME) crossing the kingdom, a former senior Algerian official has just stated that this decision was rather motivated by the unprofitability of this pipeline.
Morocco is about to launch a tender for the construction of a floating liquefied natural gas (LNG) terminal at the port of Nador West Med.
A contract providing for the supply of 0.5 billion cubic meters of Liquefied Natural Gas (LNG) per year has just been signed between Shell International Trading Middle East Limited FZE and the National Office of Electricity and Drinking Water (ONEE).
The interconnection between Morocco and Spain to import gas into the kingdom via the Maghreb-Europe gas pipeline (GME) in the reverse direction is running at full capacity. In seven months, Morocco has already imported 1,512 GWh of gas.