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US Includes Morocco in Import List
The U.S. Department of Energy has announced that Morocco has been added to the list of countries permitted to import liquefied natural gas (LNG) from the upcoming American Argentin LNG project. This project is expected to have an production capacity of 25 million tons per year for up to twenty years. While this announcement opens the door to future business opportunities for Morocco, it does not include signed contracts, specific quantities, or delivery schedules. It comes within the framework of a free trade agreement that provides preferential treatment in gas trade. The project is located at the Port Fourchon in Louisiana, with construction planned to begin before the end of 2027, and commercial operations expected to start in the first quarter of 2030. It is worth noting that since 2022, Morocco has primarily relied on importing gas from international markets via Spanish ports. This move is seen as an option to strengthen its strategy to diversify energy sources and ensure energy security.
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