Morocco Plans Tender for LNG Terminal Near Nador
Morocco Plans Tender for LNG Terminal Near Nador

Morocco Plans Tender for LNG Terminal Near Nador

News summary

Morocco is set to launch a tender for the first phase of a liquefied natural gas (LNG) terminal near Nador as part of its strategy to diversify energy sources and reduce reliance on coal. The planned terminal, featuring a floating storage and regasification unit at the under-construction Nador West Med port, will connect to existing pipelines that currently import gas from Spain. This initiative aligns with Morocco's broader goals to increase renewable energy capacity to 52% by 2030, up from the current 45%. Demand for natural gas in Morocco is projected to rise sharply from 1 billion to 8 billion cubic meters by 2027 as the country transitions from coal to more sustainable energy sources. Additionally, Morocco's electricity utility has unveiled a plan to boost installed capacity by 15GW between 2025 and 2030, with 13GW coming from renewables and requiring an investment of $13 billion. The LNG terminal and expanded renewables are central to Morocco's energy security and diversification strategy.

Story Coverage
Bias Distribution
50% Center
Information Sources
daae85f0-2883-42fc-b085-888140adf30da3544a73-dab3-486d-ae75-bd4d15f01f55
Left 50%
Center 50%
Coverage Details
Total News Sources
2
Left
1
Center
1
Right
0
Unrated
0
Last Updated
10 days ago
Bias Distribution
50% Center
Related News
Daily Index

Negative

22Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage
Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Present

Gift Subscriptions

The perfect gift for understanding
news from all angles.

Related News
Recommended News