The crisis between Algeria and Morocco has led to the non-renewal of the Maghreb-Europe gas pipeline. Spain, heavily impacted by this Algerian decision to suspend gas exports via Morocco, will have to settle for Medgaz, a pipeline with a smaller capacity, which cannot meet its high demand. Morocco, for its part, finds itself unable to import gas from Spain via the same pipeline.
The British company Sound Energy is considering commissioning a new gas pipeline to supply gas to Morocco and even export it to Spain and Portugal, after Algeria closed the Maghreb-Europe gas pipeline which provided 90% of the kingdom’s gas consumption.
Following the termination of the GME contract by the Algerian authorities, experts have reassured that this decision will have no impact on the supply of electricity to Morocco.
Algeria’s non-renewal of the Maghreb-Europe gas pipeline (GME) crossing Morocco is causing a major controversy in Spain, which fears a disruption of gas supply.
The non-renewal of the Maghreb-Europe gas pipeline crossing Morocco to supply Spain is of no geopolitical interest to Algeria, analyzes the Journal du dimanche (JDD).
The British company specializing in gas exploration Chariot Oil & Gas has found a "buyer for the gas" from its Anchois field, located off Larache , in northern Morocco.
Sound Energy has decided not to disperse its activities in Morocco, especially after the termination of the Maghreb-Europe gas pipeline (GME) contract by Algeria. But it will first have to settle its tax disputes with the State.
Algeria has just ended the suspense. It has decided not to renew the Maghreb-Europe gas pipeline crossing Morocco, whose contract expires on October 31, thus closing the tap on its western neighbor.
Morocco and Spain are continuing negotiations to ensure the gas supply of the two countries in the event that Algeria does not renew the concession contract for the Maghreb-Europe Gas Pipeline (GME) which expires on October 31.
The government has announced that a credit of 16.2 billion DH has been planned in the 2022 Finance Bill to subsidize the prices of butane gas and food products.
Morocco is studying with Spain the possibility of transporting gas through its liquefied natural gas (LNG) terminals in case Algeria does not renew the concession contract for the Maghreb-Europe gas pipeline, which expires on October 31.
The Israeli company Ratio Petroleum will explore potential offshore oil and gas deposits for the Dakhla Atlantic block. In this regard, it has signed an agreement with the National Office of Hydrocarbons and Mines (ONHYM).