The extension of medgaz culminates, the gas pipeline that transports the Algerian gas to Spain

The extension of the medgaz, a gas pipeline supply.According to the Algerian giant Sonatrach, the four gas pipeline turbocharger will be operational before this January ends.Meanwhile, Morocco has confirmed the finding of an important "high quality" natural gas bag off the coast of Larache, just 85 kilometers from Tangier.

With the extension of the medgaz, the infrastructure will go from an 8 capacity of 8.000 to 10.000 million cubic meters, an increase of 25%.Recall that with the suspension of the transit of the Europe Maghreb gas pipeline, which had been transporting hydrocarbon from Algeria to the Peninsula for 25 years through Moroccan territory, more than 20% of the annual consumption of gas in Spain was compromised in Spain.The importance of the medgaz- which has connected since 2011 the Algerian Boys of Hassi R’mel with the Almería coast- for the supply of gas to Spain it is even greater since the past autumn.

In statements to the television chain Al24News-, the vice president of the state company Algerina, Toufik Hakkar, assured that Sonatrach will be able to comply with all the contractual commitments with Spain and Portugal.Spain, according to Hakkar, has not requested additional amounts of hydrocarbon, but the state entity "is willing to negotiate the amount, price and transport modes".Algerian liquefaction capabilities "can be used to satisfy any request for additional amounts for Spain," the head of the Algerian giant continued, which "could receive orders in less than 24 hours".

The Medgaz project is owned by Algerian Sociedad Sonatrach, which has 51%, and Medina Partnership, which has 49%.In turn, the latter is divided between 50% of the Spanish Naturgy and 50% of the American Blackrock.Hydrocarbons sales in 2021 promoted the benefits of the Algerian company 70% compared to the previous year.Recently it was also known that Sonatrach plans.Between 40% and 50% of the gas consumed in Spain annually comes from the Maghreb giant.

For Morocco, the economic repercussions of the closing of the Maghreb Europe are not minor.The Maghreb Country will stop entering about 200 million dollars a year in rights as well as gas (approximately with which it produced 12% of its electricity).After months of tension between the two North African powers, on August 24 Algiers decided to break diplomatic relations with Morocco (the second time after the date of March 7, 76).In the background, the conflict of the Western Sahara, which emponzoña the relations between Algiers and Rabat for more than four decades.

Tras el anuncio de la firma británica Chariot Oil & Gas, la sociedad marroquí de Hidrocarburos y Minas (ONHYM) confirmaba el pasado día 11 de enero el hallazgo de una importante bolsa de gas natural en el pozo ‘Anchois’ –más exactamente dos-, situado a menos de 40 kilómetros de Larache y a 75 kilómetros del Magreb Europa.“The Width 2 well was drilled safely and efficiently at a total depth of 2.512 meters by the Stena Don drilling platform in 381 meters, ”found the British society, which needed that“ in all gaseous sands, high quality reservoirs have been found ”. De acuerdo con los responsables de Chariot Oil & Gas, las primeras evaluaciones apuntan a una capa neta de gas de más de 100 metros repartidos en seis zonas.

The works are framed in the development of the LIXUS OFFSHORE license, owned by 75% of the aforementioned United Kingdom Society and in 25% by the Onhym. El pasado 18 de enero Chariot Oil & Gas concluían las perforaciones en el ‘Anchois 2’ y las tareas de inspección en el ‘Anchois 1’ (descubierto en 2009 por Gas Natural, Repsol y Dana).Rabat had granted the British firm the prospecting permits on May 30, 2019.The perforations began on December 17.

For her part, the general director of the Onhym, Amina Benkhadra, advanced to state television that gas production will begin at the end of 2024 and suggested in statements that the gas discovered could be used for the production of electricity in Kenitra's plants, Mohammediaor Tahaddart, as well as the needs of the industry of the first of the cities mentioned.

As the Wall Street Journal was echoed recently, several British firms have ongoing projects for the development of the promising gas sector in Morocco, even in an incipient phase (in fact, the Maghreb country has to import almost all the gas it consumes).Moroccan administration and private sector trust that a part of the potential production is intended for European markets via the Maghreb-Europe.Also, the American Conocophillips, recently installed in Morocco, has since June 2020 with a gas exploration license in the north of the Maghreb country.

Around 70% of Moroccan domestic production is due to the British SDX Energy PLC - unique International Society that produces gas in the North African country.Last summer the Moroccan authorities- who believe that the domestic demand of hydrocarbon will triple on the 2040 horizon- announced a national plan for the development of the gas market that offers attractive tax advantages to foreign companies.

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