Qatar on course to win Morocco LNG supply deal
Qatar has built its position on the back of the MoU that the two countries signed for bilateral cooperation in the field of oil and gas
Qatar has widened the gap with its competitors over the supply of Liquified Natural Gas (LNG) to Morocco after the Kingdom’s government council adopted a memorandum of understanding in this regard.
The memorandum of understanding, signed during the 6th High Joint Moroccan-Qatari Commission in Doha last April, provides for bilateral cooperation in the field of oil and gas, as Morocco seeks partners to supply its giant 5bn cubic metre per year LNG import facility at Jorf Lasfar, along with several combined-cycle gas turbine (CCGT) power plants.
In addition to Qatar, Russia and the US were shortlisted to supply the $5b LNG project which was announced in 2014 with the aim of reducing Moroccan energy dependence.
The Moroccan energy balance is negative, particularly due to imported oil, which represents almost 61% of the country’s energy consumption.
As part of the new project in Jorf Lasfar, LNG will represent 13% of Morocco’s energy mix by 2025.
Through this project, Morocco also aims at reducing its dependence on Algerian gas, as the two countries are at loggerheads over a host of regional issues, on top of which are the Sahara issue and the land borders closure.