Morocco is preparing to join the Club of the energy producing and exporting countries early next decade by injecting part of the surplus into the Maghreb gas pipeline destined for the European Union markets, which will be transferred to Morocco in 2021 after the end of the contract between Algeria, Spain and Morocco in 1993.
The British company Sound Energy announced that it would begin marketing about 60 million cubic meters of natural gas a day for 10 years, after the completion of the extension of a new gas pipeline 120 kilometers from the fields of Tandarra, east of Morocco on the Algerian border, The "Maghreb pipeline", which reaches Tangier and then heads north to Gilles Tariq across the Mediterranean Sea.
The British company, which is drilling about 13 gas wells successively, announced that its stock is up to 34 trillion feet, and can produce 612 million cubic meters of gas in the Tandarra area within an area of more than 14 thousand km.
The Moroccan hydrocarbons office signed a commercial protocol with Sound Energy to allow the exploitation and marketing of exploration gas and increase production through the drilling of new wells and the expansion of exploitation to the Grand Tigris along the border between Morocco and Algeria, which the British company says are similar in the properties of geological deposits, Means that they contain a large reserve of LNG.
Some 30 companies, mostly from Britain, America, Italy and Ireland, share licenses to explore oil and gas in Morocco's coasts, deserts and plains. The results of these companies are often covered for technical, commercial and scientific reasons.
Sound Aniger, which obtained a license to use an oil field in the region of Sayed Mukhtar, west of Marrakech, near the Atlantic, said the results are encouraging. "I am delighted with the results of the company's business in eastern Morocco and are entering a critical stage in marketing our gas discoveries," said James Parsen, chief executive officer. The company owns about 47.5 percent of the shares of Sanod Energy Maroc, which manages the gas fields on the eastern border, while Schlumberger owns 27.5 percent of the shares and the Moroccan hydrocarbon office 25 percent.
Morocco needs about 5 billion cubic meters of gas per year to achieve self-sufficiency, distributed between 3.5 billion needs of power plants and 1.5 billion for companies operating in industry, especially the automotive industry, parts of aircraft and high-speed trains.
"The $ 46 billion ($ 4.9 billion) gas-for-energy plan is fully in line with the discoveries announced by international companies in the field of gas production and is in line with solar and wind-based renewable energy projects," sources at Al-Hayat said. Self-sufficiency and transformation into an energy-exporting country, especially to Spain and Portugal via an additional network of power supply, and the use of the Maghreb gas pipeline to export Moroccan gas two years later.
Morocco is investing about $ 11 billion in renewable energies to produce 52 percent of the low-cost electricity needs, and is seeking to export part of the clean electricity production and use part of the gas pipeline currently linking the gas wells in the Algerian Sahara to the production plants in Spain and France.
Morocco is expected to generate $ 4 billion in revenues from gas and solar exports in the first phase, which will contribute between $ 4 billion and an additional $ 5 billion in energy purchases in the international market at current oil prices.
The British company Sound Energy announced that it would begin marketing about 60 million cubic meters of natural gas a day for 10 years, after the completion of the extension of a new gas pipeline 120 kilometers from the fields of Tandarra, east of Morocco on the Algerian border, The "Maghreb pipeline", which reaches Tangier and then heads north to Gilles Tariq across the Mediterranean Sea.
The British company, which is drilling about 13 gas wells successively, announced that its stock is up to 34 trillion feet, and can produce 612 million cubic meters of gas in the Tandarra area within an area of more than 14 thousand km.
The Moroccan hydrocarbons office signed a commercial protocol with Sound Energy to allow the exploitation and marketing of exploration gas and increase production through the drilling of new wells and the expansion of exploitation to the Grand Tigris along the border between Morocco and Algeria, which the British company says are similar in the properties of geological deposits, Means that they contain a large reserve of LNG.
Some 30 companies, mostly from Britain, America, Italy and Ireland, share licenses to explore oil and gas in Morocco's coasts, deserts and plains. The results of these companies are often covered for technical, commercial and scientific reasons.
Sound Aniger, which obtained a license to use an oil field in the region of Sayed Mukhtar, west of Marrakech, near the Atlantic, said the results are encouraging. "I am delighted with the results of the company's business in eastern Morocco and are entering a critical stage in marketing our gas discoveries," said James Parsen, chief executive officer. The company owns about 47.5 percent of the shares of Sanod Energy Maroc, which manages the gas fields on the eastern border, while Schlumberger owns 27.5 percent of the shares and the Moroccan hydrocarbon office 25 percent.
Morocco needs about 5 billion cubic meters of gas per year to achieve self-sufficiency, distributed between 3.5 billion needs of power plants and 1.5 billion for companies operating in industry, especially the automotive industry, parts of aircraft and high-speed trains.
"The $ 46 billion ($ 4.9 billion) gas-for-energy plan is fully in line with the discoveries announced by international companies in the field of gas production and is in line with solar and wind-based renewable energy projects," sources at Al-Hayat said. Self-sufficiency and transformation into an energy-exporting country, especially to Spain and Portugal via an additional network of power supply, and the use of the Maghreb gas pipeline to export Moroccan gas two years later.
Morocco is investing about $ 11 billion in renewable energies to produce 52 percent of the low-cost electricity needs, and is seeking to export part of the clean electricity production and use part of the gas pipeline currently linking the gas wells in the Algerian Sahara to the production plants in Spain and France.
Morocco is expected to generate $ 4 billion in revenues from gas and solar exports in the first phase, which will contribute between $ 4 billion and an additional $ 5 billion in energy purchases in the international market at current oil prices.
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