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Washington approves large Moroccan LNG project
The U.S. Department of Energy announced a long-term license for Argent LNG to export approximately 25 million tons of liquefied natural gas annually from the Port Fourchon terminal in Louisiana, valid for twenty years. This decision is significant for Morocco, which is seeking to strengthen its energy security and diversify its gas import sources following Algeria’s loss of the Maghreb–Europe gas pipeline contract in 2021. The possibility of exporting American gas to Morocco opens new prospects, potentially reaching around 1.3 trillion cubic feet annually. It also enhances bargaining opportunities with the United States regarding gas supplies, with the potential to expand the market to include other countries that have free trade agreements with Washington.
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