Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Shell to supply Morocco with LNG in 12-year deal

    Shell to supply Morocco with LNG in 12-year deal

    July 15, 2023
    Share
    Facebook Twitter LinkedIn WhatsApp
    Shell liquified natural gas, LNG, tankers

    Rabat — Shell (SHEL.L) will supply Morocco with an annual 0.5 billion cubic metres (bcm) of liquefied natural gas (LNG) under a 12-year deal, the North African country’s energy ministry said on Friday.

    The deal was signed by electricity and water utility ONEE and Shell, a ministry statement said without disclosing financial terms of the transaction.

    The gas will be transported from Spanish ports initially, using a gas pipeline that links the two countries, until Morocco builds its own LNG terminals, the ministry said.

    The LNG will help ONEE operate two power stations in northern and eastern Morocco that used to operate on Algerian gas sent through the same pipeline.

    Algeria unilaterally decided in 2021 to halt gas flows to Spain via Morocco through the pipeline. Rabat said it would reverse the flow in 2021 by importing LNG from Spanish terminals.

    ONEE is aiming to increase the share of gas in Morocco’s electricity mix to meet low-carbon goals, the ministry said.

    Renewables represented 18% of Morocco’s total electricity production last year while gas accounted for only 1.6% and coal 72%, official figures show.

    By March 2023 renewable energy represented 40% of the country’s installed capacity, with Morocco planning to increase that to 52% by 2030.

    *Ahmed Eljechtimi, editing: Jonathan Oatis & David Goodman – Reuters

    Follow us on twitter

    Related News

    Asian spot LNG prices rise slightly on US-China tariff truce

    US LNG exporters push forward new projects despite trade war uncertainty

    Gas explosion rocks fueling station in Port Harcourt, injures five

    E-book
    Resilience Exhibition

    Latest News

    FG inaugurates AMCON Board to strengthen asset recovery, economic stability

    May 22, 2025

    Customs foil N3bn drug smuggling attempt at Apapa Port, three arrested

    May 22, 2025

    Ireland seeks partnership with HYPREP for sustainable Ogoni Cleanup

    May 22, 2025

    Jonathan, Attah, Renaissance, others honoured at Champions of Nigerian Content Awards

    May 22, 2025

    Crude prices climb on geopolitical risks

    May 22, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.