Connection

popular articles

Complete Solar acquires SunPower after bankruptcy for $45 million
Saudi Arabia abandons hopes of $100 oil price
Environmental Activists Oppose Construction of Photovoltaic Power Plant
Blackout in Venezuela: The Limits of a Fragile Power System
Tunisia: Agreements signed for two new solar power plants

Shell and Morocco sign 12-year LNG supply contract

Morocco consolidates its energy security by signing a strategic contract with Shell for the supply of liquefied natural gas (LNG). Towards greater Moroccan energy independence?
Shell Maroc
  • [favorite_button]

Please share:

The recent contract for the supply of liquefied natural gas (LNG) between Morocco and British energy giant Shell marks a significant milestone in Morocco’s efforts to diversify its sources of energy supply and strengthen its energy security. According to the Moroccan Ministry of Energy Transition and Sustainable Development, the 12-year contract calls for Shell to supply Morocco with 500 million cubic meters of LNG annually.

Shell-Morocco Contract signed: 6 billion m³ LNG to boost energy independence

The agreement was officially signed in Rabat, the Moroccan capital, in the presence of representatives of Morocco’s Office national de l’électricité et de l’eau potable (ONEE) and Shell. The contract specifies that Morocco will receive a total of six billion cubic meters of LNG over a 12-year period, with an annual average of 500 million cubic meters, without disclosing the financial details of the transaction.

Spanish ports and the Moroccan section of the Maghreb-Europe Gas Pipeline (GME) will be used to secure LNG supplies in the early years. However, Morocco is also planning to develop its own LNG terminals to facilitate future deliveries, thereby strengthening its energy independence.

The key impact of the Shell-Morocco partnership on energy security and decarbonization

This partnership is of vital importance to Morocco, as it comes after the end of natural gas supplies from Algeria via the GME in November 2021, due to the breakdown of diplomatic relations between the two neighboring countries. This situation has prompted Morocco to actively seek new energy supply options to meet its growing needs. The contract with Shell will enable Morocco to meet part of its demand for natural gas and guarantee the supply of energy to its power plants.

ONEE Managing Director Abderrahim El Hafidi emphasized that the agreement would help strengthen Morocco’s energy security, while accelerating its decarbonization strategy. Energy Transition Minister Leila Benali also welcomed the medium-term contract, which will improve the country’s competitiveness and support its efforts to reduce carbon emissions. Morocco’s entry into the international LNG market in 2022 reflects its determination to diversify its energy sources and adapt to global energy challenges.

Register free of charge for uninterrupted access.

Advertising

Latest news

Saudi Arabia abandons hopes of $100 oil price
Octopus Energy invests £2 billion in UK renewable energies
Russia: export ban on petrol and diesel may be lifted if there is a surplus
ExxonMobil secures 20-year access to new Guangdong LNG terminal
Putin strengthens ties with BRICS and OPEC+ in retaliation

Recently published in

ExxonMobil secures 20-year access to new Guangdong LNG terminal

Guangdong LNG terminal begins commercial operations. ExxonMobil gains access to 1.8 million tons per year under a 20-year agreement with Guangdong Energy Group, marking a strategic milestone for its energy supply in China.
Kamala Harris faces natural gas producers in Pennsylvania
Natural gas producers are urging Kamala Harris to clarify her position on LNG exports and industry regulation, while uncertainty persists over political decisions relating to hydraulic fracturing.
Design sans titre-308
Kamala Harris faces natural gas producers in Pennsylvania
Natural gas producers are urging Kamala Harris to clarify her position on LNG exports and industry regulation, while uncertainty persists over political decisions relating to hydraulic fracturing.
Design sans titre-308
Belgium calls for coordinated ban on Russian LNG in Europe
Belgium is pushing the European Union to adopt a coordinated ban on imports of Russian liquefied natural gas (LNG), arguing for a legal basis to speed up the phase-out of fossil fuels from Russia.
Design sans titre-305
Belgium calls for coordinated ban on Russian LNG in Europe
Belgium is pushing the European Union to adopt a coordinated ban on imports of Russian liquefied natural gas (LNG), arguing for a legal basis to speed up the phase-out of fossil fuels from Russia.
Design sans titre-305
France: Saint-Avold abandons biomass for gas-fired conversion
The Saint-Avold power plant, initially slated for conversion to biomass, is to be converted to gas. A strategic decision to meet the power grid's need for flexibility while limiting costs.
Untitled design-298
France: Saint-Avold abandons biomass for gas-fired conversion
The Saint-Avold power plant, initially slated for conversion to biomass, is to be converted to gas. A strategic decision to meet the power grid's need for flexibility while limiting costs.
Untitled design-298

Technip and JGC carry out the engineering for the Rovuma LNG project in Mozambique

Technip and JGC Corporation have been commissioned to carry out the engineering for the Rovuma LNG project, an important milestone in the finalization of the project. The aim is to lay the foundations for a final investment decision expected in 2025.
National Grid completes the sale of its UK gas network
National Grid concludes the sale of its remaining shares in National Gas Transmission, confirming its withdrawal from the gas sector to focus on electricity infrastructure.
Design sans titre-294
National Grid completes the sale of its UK gas network
National Grid concludes the sale of its remaining shares in National Gas Transmission, confirming its withdrawal from the gas sector to focus on electricity infrastructure.
Design sans titre-294
Shell wins bid for key gas block in Trinidad and Tobago
Trinidad and Tobago chooses Shell to operate the Modified U(c) offshore gas block, reinforcing its strategy of stabilizing liquefied natural gas (LNG) supply in the face of declining domestic production.
Design sans titre-284
Shell wins bid for key gas block in Trinidad and Tobago
Trinidad and Tobago chooses Shell to operate the Modified U(c) offshore gas block, reinforcing its strategy of stabilizing liquefied natural gas (LNG) supply in the face of declining domestic production.
Design sans titre-284
Brazil increases LNG purchases to offset hydroelectric decline
Faced with dwindling water reserves, Brazil is stepping up its purchases of liquefied natural gas to maintain power generation, increasing pressure on the global LNG market this winter.
Design sans titre-272
Brazil increases LNG purchases to offset hydroelectric decline
Faced with dwindling water reserves, Brazil is stepping up its purchases of liquefied natural gas to maintain power generation, increasing pressure on the global LNG market this winter.
Design sans titre-272

United States: Politics and falling gas prices put the brakes on investment

The US energy sector is facing economic and political uncertainties, exacerbated by volatile commodity prices, prompting companies to slow investment in 2024 and review their strategies for 2025.
Hurricane Helene threatens energy sites in Florida and the Gulf of Mexico
Category 3 Hurricane Helene is poised to hit Florida, exposing millions to power outages and disrupting gas production in the Gulf of Mexico.
Design sans titre-270
Hurricane Helene threatens energy sites in Florida and the Gulf of Mexico
Category 3 Hurricane Helene is poised to hit Florida, exposing millions to power outages and disrupting gas production in the Gulf of Mexico.
Design sans titre-270
Barents: Johan Castberg project key to Arctic gas development
The Johan Castberg field launches a new phase of exploration in the Arctic, vital for Europe's gas future in the face of declining resources in the North Sea.
Design sans titre-269
Barents: Johan Castberg project key to Arctic gas development
The Johan Castberg field launches a new phase of exploration in the Arctic, vital for Europe's gas future in the face of declining resources in the North Sea.
Design sans titre-269
Iraq boosts gas production and cuts energy imports
Iraq is aiming for gas self-sufficiency within five years, thanks to foreign investment and increased management of domestic production.
Design sans titre-243
Iraq boosts gas production and cuts energy imports
Iraq is aiming for gas self-sufficiency within five years, thanks to foreign investment and increased management of domestic production.
Design sans titre-243

Greece-Bulgaria interconnection: New impetus for European gas flows

ICGB and DESFA strengthen Europe's energy infrastructure with a new interconnection agreement, facilitating gas flows in Greece, Bulgaria and beyond, in a context of diversification of supply sources.
Volumes of JKM options to rise in 2024 in the face of volatile LNG prices
Option volumes traded on the JKM reached 23,460 lots in 2024, compared with 14,660 in 2023. This increase illustrates a turning point in LNG market players' hedging strategies.
Design sans titre-242
Volumes of JKM options to rise in 2024 in the face of volatile LNG prices
Option volumes traded on the JKM reached 23,460 lots in 2024, compared with 14,660 in 2023. This increase illustrates a turning point in LNG market players' hedging strategies.
Design sans titre-242
Allied Energy and Enerhash USA harness flared gas to mine Bitcoin
Allied Energy and Enerhash USA exploit flared gas to power a Bitcoin mining infrastructure, an innovative project in the recovery of fossil fuels for technological applications.
Design sans titre-220
Allied Energy and Enerhash USA harness flared gas to mine Bitcoin
Allied Energy and Enerhash USA exploit flared gas to power a Bitcoin mining infrastructure, an innovative project in the recovery of fossil fuels for technological applications.
Design sans titre-220
Strategic shutdown of Cove Point LNG plant for annual maintenance
The Cove Point LNG plant, operated by Berkshire Hathaway Energy, is suspending operations for planned three-week maintenance, temporarily disrupting natural gas flows.
Design sans titre-191
Strategic shutdown of Cove Point LNG plant for annual maintenance
The Cove Point LNG plant, operated by Berkshire Hathaway Energy, is suspending operations for planned three-week maintenance, temporarily disrupting natural gas flows.
Design sans titre-191

Sasol and Eskom launch a study on the use of LNG for energy stabilization

Sasol and Eskom are exploring the option of liquefied natural gas (LNG) to boost South Africa's energy supply, marking a turning point in the diversification of energy sources.
Colombia: More LNG to be imported in September 2024 in the face of falling water levels
In September 2024, Colombia recorded a significant increase in LNG imports to supply its thermal power plants, in response to falling water levels in its dams.
Design sans titre-156
Colombia: More LNG to be imported in September 2024 in the face of falling water levels
In September 2024, Colombia recorded a significant increase in LNG imports to supply its thermal power plants, in response to falling water levels in its dams.
Design sans titre-156
Algeria compensates for Medgaz maintenance with higher LNG sales
Algeria is increasing its exports of liquefied natural gas (LNG) following maintenance work on the Medgaz pipeline, temporarily reducing flows to Spain while optimizing sales in the Mediterranean.
Design sans titre-155
Algeria compensates for Medgaz maintenance with higher LNG sales
Algeria is increasing its exports of liquefied natural gas (LNG) following maintenance work on the Medgaz pipeline, temporarily reducing flows to Spain while optimizing sales in the Mediterranean.
Design sans titre-155
Ukraine and Azerbaijan deny gas transit agreement with Europe
Gas transit talks between Ukraine and Azerbaijan have failed to reach agreement. Both countries deny any negotiation concerning the use of Ukraine as a transit route to Europe after the end of the current contract with Gazprom.
Design sans titre-137
Ukraine and Azerbaijan deny gas transit agreement with Europe
Gas transit talks between Ukraine and Azerbaijan have failed to reach agreement. Both countries deny any negotiation concerning the use of Ukraine as a transit route to Europe after the end of the current contract with Gazprom.
Design sans titre-137

Ukraine faces 0.6 Gm³ gas import challenge before winter

Ukraine may need to import 0.6 Gm³ of gas before November, according to the IEA, to secure its energy reserves against the risks of a harsher winter.
Agreement with Glencore for 2 million T of LNG per year in Louisiana
Kimmeridge Texas Gas and Commonwealth LNG join forces with Glencore LTD in a 20-year strategic agreement to strengthen their position in the global LNG market. This collaboration marks a significant step forward in the energy transition.
Design sans titre-118
Agreement with Glencore for 2 million T of LNG per year in Louisiana
Kimmeridge Texas Gas and Commonwealth LNG join forces with Glencore LTD in a 20-year strategic agreement to strengthen their position in the global LNG market. This collaboration marks a significant step forward in the energy transition.
Design sans titre-118
Condor Energies powers Kazakhstan with 1 million liters of diesel/day
Condor Energies Inc. takes a decisive step into liquefied natural gas production in Kazakhstan, receiving a second gas allocation for a low-carbon facility. This breakthrough supports the energy transition and modernizes the transport sector.
Kuryk LNG terminal
Condor Energies powers Kazakhstan with 1 million liters of diesel/day
Condor Energies Inc. takes a decisive step into liquefied natural gas production in Kazakhstan, receiving a second gas allocation for a low-carbon facility. This breakthrough supports the energy transition and modernizes the transport sector.
Kuryk LNG terminal
East-West LNG arbitrage booming in the face of growing Asian demand
East-West LNG arbitrage is gaining strength, with rising Asian demand outstripping European demand. Traders are taking advantage of this momentum to redirect cargoes to the Far East, despite uncertainties about future demand.
TEMPLATE ENERGYNEWS(457)
East-West LNG arbitrage booming in the face of growing Asian demand
East-West LNG arbitrage is gaining strength, with rising Asian demand outstripping European demand. Traders are taking advantage of this momentum to redirect cargoes to the Far East, despite uncertainties about future demand.
TEMPLATE ENERGYNEWS(457)

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS