Morocco and Shell have reached an agreement for the supply of six billion cubic meters of liquefied natural gas (LNG) over a period of 12 years, as reported by AFP citing Morocco's energy ministry.
Under the terms of the deal, Shell will deliver 500 million cubic meters of LNG to Morocco annually. The financial details of the 12-year agreement have not been disclosed.
Initially, the gas will be transported through Spanish ports and the Maghreb-Europe Gas Pipeline (GME). However, future deliveries are expected to be facilitated through planned LNG terminals in Morocco.
Morocco has been actively seeking to diversify its energy sources, particularly since its neighbor Algeria ceased supplying natural gas via the GME in November 2021 following the severance of ties over the disputed Western Sahara territory.