Morocco is a country with a rapidly growing economy and industries where there are more and more opportunities created every day. As a result, Morocco is faced with a robust internal energy demand. This energy demand is being managed by a well-planned and consistent energy strategy.
Morocco is facing increasing energy needs which will continue growing in the coming years
Morocco’s demand in primary energy is expected to double by 2020, and triple by 2030, while its demand in electrical energy will increase exponentially, doubling by 2020, and quadrupling by 2030. Currently, the country is covering most of its energy needs via imports. Spain is the main electrical energy exporter, with Morocco purchasing crude from its neighbouring countries.
Gas discoveries are a true game-changer for Morocco
The situation has started to change, as the major discoveries of SDX Energy at the Lalla Mimouna concession and the Gharb Basin permit have surpassed all initial forecasts. The Moroccan field was described by Paul Welch, President & CEO of SDX Energy as a “simple business” with the gas needing “little to no treatment,”
Meet Paul Welch at the 2nd Morocco Oil & Gas Summit here.
Sound Energy was awarded the production concession for the Tendrara licence, following the discoveries at the TE-6, and TE-7 wells, discoveries with highly commercial gas flow rates above initial expectations. Plans are on the way to construct a gas treatment plant and compression station, and a Tendrara Gas Export Pipeline connecting the CPF and the delivery point to the Gazoduc Maghreb Europe pipeline.
Meet Sound Energy and discuss future opportunities here.
Natural gas electric energy: By 2030 it will represent 25% of total installed capacity
Estimated needs for Morocco are calculated at about at about 5bcm per year and powerplant feed (3.5bcm/year)
Total investment amount: Morocco will invest $4.5 billion for construction of a LNG port, a re-gasification plant and a gas pipeline connecting the gas terminal serving Casablanca, Mohammedia, Kenitra and the northern regions, spanning over 400km
Morocco’s energy strategy to face its growing energy needs
Morocco is becoming well-known for its thorough planning, excellent relations with its partners and attractive terms. As such it took great care on setting its energy strategy, with four fundamental objectives, and four strategic orientations.
Four fundamental objectives
Security of supply and energy availability
Access to energy at low costs
Management of demand
Preservation of the environment
Four Strategic Orientations
Diversified mix, optimized by reliable and competitive technology
Mobilization of national resources
With Morocco’s energy industry booming, streams of opportunity are created for energy companies, service providers, construction companies, consultancies and analysts. Meet with ONHYM and the government of Morocco at the 2nd Morocco Oil & Gas Summit on 6-7 of February 2018.
These opportunities are only second to the oil & gas developments in Morocco. Meet all key players here.