LNG

Morocco has signed a liquefied natural gas supply agreement with Shell for a period pf 12 years that will initially see volumes shipped as cargoes to Spain and onwards as pipeline gas across the Mediterranean to Moroccan gas-fired power plants.

The kingdom of Morocco said it was considering setting up a fast-track floating LNG import terminal near the port of Tangier after Algeria carried out a threat to cut pipeline natural gas supplies to its North African neighbour, closing one of two trans-Mediterranean pipelines serving Spain.