Energy Transition and Sustainable Development Minister Leila Benali said on Monday that gas was a non-negotiable element in Morocco’s energy strategy, also announcing that the kingdom would enter the energy market.
“Whether we like it or not, we suffer” the consequences of geopolitics and the repercussions of the covid-19 pandemic, said the minister in an address on the occasion of the 15th Energy Conference, organized in Rabat. The Moroccan government is working hard to implement its energy strategy and have strategic reserves, she added.
And while energy prices are soaring and the markets are very volatile, Morocco, which until now has been exclusively an importing country, aims to play an important role in guaranteeing its energy security.
Thus and for the first time, the Kingdom intends to join the energy market. “This Ramadan, Morocco will enter the energy market for the first time “, announced Leila Benali.
“This is the first time in history that Morocco has signed an energy contract “, welcomed, for his part, the Minister of Industry and Trade, Ryad Mezzour, expressed his expectations vis-à-vis gas. “We want gas at a competitive price, we are not asking for anything other than that we can buy gas at the same price as our Mediterranean neighbours, especially Europeans”,did he declare.
Concerns about gas supply are at the center of global concerns. This was also noted by Fatih Birol, Executive Director of the International Energy Agency (IEA). ” We are extremely concerned”by the energy situation in the world.
The oil market will face a difficult period, he predicted adding that there will be a“very difficult gas crisis and as a consequence very high electricity prices”.