Morocco’s Anchois Gas Field Set to Begin Production by 2025, Boosting Energy Sector

In a publication titled "Morocco’s Gas Prospects: Where is the ’Anchois’ Project?", the expert has however called for caution, recalling that at the current stage, the project relies on key assets, including the proximity of the Maghreb-Europe gas pipeline (GME) connecting Algeria to Spain via Morocco.

The Algerian section of this pipeline was closed at the end of October 2021, two months after Algeria’s unilateral severance of diplomatic relations with Morocco. Morocco has concluded an agreement with Spain to transport gas to the kingdom via the GME in the opposite direction. The first deliveries were made at the end of June, after the liquefied natural gas (LNG) purchased by Morocco on the international market was regasified in the regasification plants in Spain.

Chariot is working to launch production "as soon as possible," says the expert, who points out that Chariot Limited (75%) and the National Office of Hydrocarbons and Mines (ONHYM - 25%) are working on all aspects of the project. The "contingent" resources of Anchois are currently estimated at 18 billion cubic meters (637 billion cubic feet - Gp.c.), compared to 21.35 billion cubic meters (754 Gp.c.) for the "prospective" resources and 39.4 billion cubic meters (1,391 Gp.c.) for the remaining recoverable resources.