Home » Economy » Morocco.. Signing a protocol of agreement to develop gas infrastructure

Morocco.. Signing a protocol of agreement to develop gas infrastructure

Rabat – Four ministries and five institutions in Morocco signed a protocol of agreement with the aim of completing the country’s gas infrastructure development program.

A statement by the Ministry of Energy Transition said, on Wednesday, that “an agreement protocol was signed between the Ministries of Interior, Economy, Finance, Equipment, Water, Energy Transition, and Sustainable Development, to launch the gas infrastructure roadmap.”

The protocol aims to enhance coordination between ministries to implement a gas infrastructure development program.

The protocol also includes five public institutions and companies: the National Ports Agency, the National Office of Electricity and Drinking Water, the National Office of Hydrocarbons and Minerals, the Nador West Mediterranean Company, and the National Highway Company in Morocco.

According to the statement, the protocol constitutes a continuation of the Kingdom’s commitment to strengthening its energy sovereignty, decarbonizing its economy, and linking it to regional and global markets.

The protocol, which extends over several years, aims to provide the Kingdom with several ports for importing liquefied natural gas, in addition to an infrastructure for storing and transporting natural gas.

It will provide support for gas pipelines linking basins producing local gas to consumers, developing a liquefied natural gas import station in the port of Nador in the western Mediterranean, and establishing a new gas pipeline linking the station to the Maghreb-European pipeline (a pipeline linking Morocco and Europe).

“The protocol would enhance, in the long term, the acceleration of the development of renewable energies, especially what Morocco is preparing to launch a project for green hydrogen and its derivatives,” according to the statement.

Morocco is accelerating its steps to secure its energy needs, especially since it imports 96 percent of consumption through external sources, coinciding with the rise in prices resulting from the outbreak of the Russian-Ukrainian war.

Morocco is working to invest more in renewable energies, as well as establishing partnerships within the framework of green hydrogen. The country is among the top 5 producers of solar energy among Arab countries.

Anatolia

#Morocco. #Signing #protocol #agreement #develop #gas #infrastructure
2024-03-31 17:05:33

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