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In the coming days, Morocco will finalize its first LNG purchase agreement for regasification in Spain

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In the next few days, Morocco will conclude its first contract for the purchase of liquefied natural gas (LNG) on the international market, which will then be regasified in Spain, according to the agreement reached between the two governments after Algeria closed the gas pipeline connecting the Iberian Peninsula supplied by the area of ​​Alaouí.

According to local press reports, this was announced this Monday in the Moroccan parliament by the Minister for Energy Transition, Leila Benali. “We have received dozens of offers from international operators in the sector,” said the minister, expecting “the deal to be finalized this week or next”.

The bids, Benali said, are the subject of an “accelerated and detailed review process” by a “special commission set up for this purpose.”

The Spanish government announced in early February that it had agreed to Morocco’s request to regasify LNG at existing facilities in Spain and send it back to the neighboring country via the Maghreb Europe Gas Pipeline (GME), which Algeria closed in November.

In late April, Algeria threatened Spain with terminating the gas supply deal if part of it ended in Morocco, a country with which it severed ties in August after being officially notified by the government that it was rescinding the deal would expire the GME. The executive then assured Algiers that Morocco will only receive the LNG regasified in Spain, in no case gas of Algerian origin.

On the other hand, the Algerian minister assured that the closure of the GME had no impact on electricity production in Morocco, apart from the closure of the Tahaddart and Ain Beni Mathar plants, which are fed exclusively with gas from Algeria.

In this sense, Benali confirmed the measures taken by the government after the closure of the GME to ensure the kingdom’s “energy sovereignty”, which include the construction of a regasification plant in the country.

Source europapress.es

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