50.24$US/1 Barrel
65.52$US/1 Barrel
60.92$US/1 Barrel
77.72$US/1 Barrel
75.61$US/1 Barrel
75.71$US/1 Barrel
77.66$US/1 Barrel
70.15$US/1 Barrel
72.00$US/1 Barrel
74.25$US/1 Barrel
58.56$US/1 Barrel
65.07$US/1 Barrel
55.28$US/1 Barrel
70.07$US/1 Barrel
64.72$US/1 Barrel
60.50$US/1 Barrel
62.00$US/1 Barrel
59.25$US/1 Barrel
64.25$US/1 Barrel
65.75$US/1 Barrel
485.00$US/MT
378.00$US/MT
705.00$US/MT
585.00$US/MT
508.00$US/MT
518.50$US/MT
368.00$US/MT
395.25$US/MT
678.00$US/MT
880.50$US/MT
SEATTLE (Oil Monster): The imports of liquefied natural gas (LNG) from Morocco to Spain through the Maghreb Europe Pipeline (GME) surged higher during the month of April this year. The monthly imports recorded 167% surge over the previous year, said Morocco’s Minister of Energy Transition and Sustainable Development, Leila Benali.
The GME connects Algerian gas fields through Morocco with Cordoba in Andalusia, Spain, where it is connected with the Spanish and Portuguese gas grids. It helps Moroccan government to earn millions of euros in transit fees and obtain Algerian gas to power their stations.
Since end-June 2022, the quantities of natural gas imported by Morocco through the interconnection with Spain have increased significantly. The gas transported by GME to Morocco totalled 536 GWh in January this year, which is the second highest in history. The surge in imports of cleaner natural gas has helped the country to meaningfully reduce its dependence on fossil fuels.
Morocco has been witnessing acceleration in gas infrastructure investments over the past one year. The country had authorized new renewable energy projects with a total capacity of approximately 1,000 megawatts.
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Forozan Blend | 75.61 | |
Iran Heavy | 75.71 | |
Iran Light | 77.66 | |
Forozan Blend | 70.15 | |
Iran Heavy | 72.00 |