Africa Oil & Gas: Morocco and Algeria Strengthen Natural Gas Relationship

Morocco and Algeria are solidifying their cooperation. Morocco will extend contracts to import gas from Algeria and take full ownership of a gas pipeline linking Algeria to Europe Algerian energy minister Mustapha Guitouni said to reporters following a meeting with his Moroccan counterpart Aziz Rabbah.

Guitouni said that further meetings will take place to agree on the terms of the contract. “We discussed gas and electricity supply,” he told reporters without providing details.

Seven years ago, the two countries signed a 10-year contract that had Morocco importing 640 Mmcm of gas through the Algerian pipeline to Spain.  Morocco will take ownership of the pipeline in 2012, Guitouni said.

Advertisements

This site uses Akismet to reduce spam. Learn how your comment data is processed.