Rabat, Morocco 2022. will soon sign its first contract to purchase liquefied natural gas to meet energy demands during the global energy crisis.
Energetic development Minister Leila Benali, said at a parliamentary meeting on Monday, which Morocco “first” approached international liquid gas.
Panley noted that the Kingdom of North Africa had gained dozens of points, with the Moroccan government, created a temporary committee to review benefits by “rapid review and negotiation with international companies.”
In response to the government’s issue of the government’s plan to combat the energy crisis, he has a fine for his diet, which requires half a billion cubic natural gases a year. The total storage capacity of oil products in Morocco is 1.8 million tons, which is 57 days of national consumption.
Algeria’s decision to halt the Maghreb Europe gas pipeline contract had no impact on local electricity production.
In October 2021, Algeria decided to end the contract of the regional pipeline just a few months after the country had decided to cut all diplomatic relations with Morocco.
Benali noted that Algeria’s decision did not cause any shortage in Morocco’s electricity portfolio.
The official said that her ministry has been monitoring and accelerating the implementation of projects scheduled by private operators to achieve an overall storage capacity of 777,000 cubic meters for petroleum products, with an investment of MAD 2.7 billion ($269.64 million) by 2023.
As Morocco actively seeks to introduce a new management mechanism to ensure more reserves within the framework of the public-private partnership, the government has been reaffirming its commitment to strengthening gas infrastructure to meet local demand.
The country plans to strengthen its infrastructure, including gas pipelines, ports, warehouses and liquefied natural gas
Earlier, Benali called on officials to conduct financial and economic research to determine the appropriate locations for gas conversion plants, emphasizing the importance of installing liquefied natural gas to natural gas conversion sites.
The ports of Mohammadia and Nador are the most suitable places for the preparation, storage and processing of liquefied natural gas and grids.
PrintABDEL-ALIM AMINE SLIMANI | Radio Free (2022-06-26T18:37:38+00:00) Morocco will sign the first contract for the purchase of liquefied natural gas. Retrieved from https://www.radiofree.org/2022/06/26/morocco-will-sign-the-first-contract-for-the-purchase-of-liquefied-natural-gas/
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