RE: Spanish-Morrocan-EU love fest - points the way forward for CHAR23 May 2022 08:30
Excellent post Schlemiel; Morocco is taking beginning to take front of stage as a player, to replace not only Algeria as a natural gas supplier to Spain, but to also compensate for Spain's shift away from Russian gas...As well as what looks like (IMO) an almost unencumbered gateway to Europe for Moroccan gas supplies, or so it seems to me.
Although Algeria will simply sell 'Spain's' gas to other european countries too, it's existing client, Italy for instance.
Might be the start of a gas feeding frenzy in North/Western Africa.
"Prime Minister Sanchez asserts that this policy shift would bring “a new phase of bilateral relations” in the strategic partnership with Morocco, which is Spain’s economic and anti-terrorism partner in the African continent."
"After Italy, Spain imports the largest quantity of gas from Algeria. The Spanish declaration therefore came as a shock to the Algerians..."
"Algeria’s state-owned energy firm, Sonatrach, is planning to stick to ‘fair moderate gas prices’ for all its customers, barring Spain. Going forward, Spain might see a recalculation of domestic gas prices, owing to the increased prices in the global energy market.5 Tensions in Spain–Algeria relations could benefit other European nations in their energy deals."