Page 17 - AfrOil Week 17 2022

AfrOil NEWS IN BRIEF AfrOil

PIPELINES & TRANSPORT pipeline was initially discussed in February. licence offshore Morocco.
Maetel has already started work on the project, The energy firm said in February this year
Morocco signs pipeline according to Africa Intelligence. its wholly owned subsidiary was awarded oper-
Morocco is currently preparing to receive the atorship and a 75% stake in the Lixus licence,
maintenance deal with first shipments of natural gas from the interna- offshore Morocco, in partnership with the
tional market.
Office National des Hydrocarbures et des Mines
Spain’s Maetel ahead of Moroccan part of the Medgas pipeline will The licence covers the most prospective north-
Gas-processing units in Spain and in the (ONHYM), which holds the remaining 25%.
reverse flow deliveries be used to re-convert gas and transport it to ern areas of the previously held Mohammedia
Morocco via reverse flow technology.
and Kenitra offshore licence.
Morocco’s National Office of Hydrocarbons and Morocco faces a gas shortage after neighbour bna/IntelliNews, April 27 2022
Minerals (ONHYM) has reportedly signed a Algeria ceased pumping to Europe through The
maintenance agreement with Spanish firm Mae- so-called Maghreb Pipeline that passes through Eni, Congo sign gas
tel for the country’s part of the Medgas pipeline, Morocco in October 2021.
before the Algeria-sourced gas is pumped from The country is seeking to compensate for production, LNG deal
Spain to Morocco via the Maghreb gas pipeline. Algerian gas supplies, by accelerating invest-
The agreement to manage the maintenance ments in gas exploration. Italian supermajor Eni and the Republic of
and safety of the Moroccan part of the gas pipe- bna/IntelliNews, April 21 2022 Congo (Brazzaville) have signed an accord to
line was initially discussed in February. Maetel increase natural gas production, exports and
has already started work on the project, accord- future LNG shipments in the West African
ing to Africa Intelligence. INVESTMENT country.
Morocco is currently preparing to receive the The agreement allows for the acceleration
first shipments of natural gas from the interna- Chariot appoints SocGen and increase of production mainly through the
tional market. development of an LNG project, with start-up
Gas-processing units in Spain and in the as financial advisor for anticipated in 2023. Once fully operational, it
Moroccan part of the Medgas pipeline will should have a capacity of over 4.5bn cubic metres
be used to re-convert gas and transport it to Anchois gas project per year.
Morocco via reverse flow technology. Eni – currently the only company commit-
Morocco faces a gas shortage after neighbour Africa focused transitional energy firm Chariot ted to developing Congo’s gas resources – said
Algeria ceased pumping to Europe through the has appointed London-based Societe Generale the new LNG project would allow the country
so-called Maghreb Pipeline that passes through to the role of financial advisor to develop debt to expand gas production to far exceed domestic
Morocco in October 2021. funding options for Morocco’s Anchois gas market needs.
The country is seeking to compensate development, according to a statement by the The Congo deal is part of Italy’s push to
for Algerian gas supplies, by accelerating firm. reduce dependence on gas from Russia’s Gaz-
investments in gas exploration. Morocco’s Chariot announced this month a successful prom, which supplies it with 29 bcm annually,
National Office of Hydrocarbons and Minerals gas drilling campaign on the Anchois gas pro- and follows on separate agreements in late April
(ONHYM) has reportedly signed a mainte- ject, expanding its footprint offshore Morocco. with Angola, Algeria and Egypt.
nance agreement with Spanish firm Maetel for In January this year it announced a significant Foreign Minister Luigi Di Maio and Ecology
the country’s part of the Medgas pipeline, before gas discovery at the Anchois-2 well, which Transition Minister Roberto Cingolani led an
the Algeria-sourced gas is pumped from Spain to exceeded the company’s expectations. Then the Italian delegation to line up the LNG contracts.
Morocco via the Maghreb gas pipeline. firm upgraded its net gas pay estimates for the Congo’s government has also agreed with Eni
The agreement to manage the maintenance Anchois-2 well. to define initiatives to promote decarbonisation
and safety of the Moroccan part of the gas The Anchois gas project lies within the Lixus and sustainable energy transition. Currently Eni
supplies gas to the Congo Power Plant (CEC),
which guarantees 70% of the country’s electricity
production.
bna/IntelliNews, April 22 2022

PERFORMANCE
Zenith Energy lifts oil

worth $6.4mn from Tunisia

concessions

Canada-based oil and gas company Zenith
Energy will receive $6.4mn in May from an inter-
national crude lifting of approximately 62,000
barrels of oil from its Tunisia sites, according to
a statement.

Week 17 27•April•2022 www. NEWSBASE .com P17