The Moroccan National Hydrocarbons Office (ONHYM) and the British company Chariot signed an agreement that will allow transport gas from a well found on the coast of Larache through the Maghreb-Europe (GME), which served to channel Algerian gas to Spain through Moroccan territory until Algiers closed it down.
The British company announced this agreement in a statement, indicating that “will allow the gas produced by the Anchois gas project (name of the well), off the coast of Morocco, to be transported through the GME to different potential buyers”.
Chariot’s director in Morocco, Pierre Raillard, values this agreement stating that the project Anchois “is a highly strategic asset, given the continued volatility of the international energy market.”
“Combined with the proximity of the GME pipeline, we are well placed to channel the gas as quickly as possible,” he adds in the note.
Chariot announced in January the discovery of this well, named Anchois-2 and located in the field where the first gas bag (Anchois-1) was already exploited. It is located in the Atlantic Ocean, 38 kilometers from the city of Larache and 87 from Kenitra (north of Rabat).
“A preliminary interpretation of the data confirms the presence of significant gas accumulations at the well’s appraisal and exploration targets, with a net payout of gas totaling more than 100 meters, compared to the 55 meters of the original Anchois-1 well. “The company said at the time.
The agreement with the Moroccan public company will allow this gas to reach the GME, which, coming from Algeria, runs from the extreme northeast of Morocco to the northern city of Tangier, where it crosses into Spain.
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Algeria decided in November 2021 not to extend the contract for this gas pipelineand therefore close it, within the framework of the rupture of relations between Algiers and Rabat.
Now the GME -which transported an average of 10,000 million cubic meters to the Iberian Peninsula- is used only in the opposite direction from Spain to Morocco, so that Madrid supplies Rabat with regasified gas in the Spanish plants.
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Eddie is an Australian news reporter with over 9 years in the industry and has published on Forbes and tech crunch.