First Independent Mena Newspaper
The 15th energy conference of the MENA region opened Monday in Rabat, under the theme “Energy transition: progress report and prospects for 2035”, with the participation of the United Arab Emirates as guest of honor. The conference, held under the High Patronage of King Mohammed VI, brings together Moroccan and foreign institutional personalities who will […]
US has exported more gas to Spain than Algeria so far this year as new players seek a foothold in the Spanish gas market. Spanish authorities have often complained at the insufficient gas flow through the Medgaz pipeline which couldn’t match the amount the Spanish market was receiving through the Maghreb-Europe pipeline that used to […]
European Union Commissioner for Neighborhood & Enlargement Olivér Várhelyi has voiced the European bloc’s readiness to support Moroccan small & medium-sized enterprises (SMEs). “We are ready to cooperate with you, especially in green energy transition, trade facilitation, digitalization and support for SMEs,” said Mr. Várhelyi during a meeting held Wednesday in Rabat with Head of […]
Egypt is seeking to obtain billions of dollars from the Green Climate Fund (GCF) to finance six green energy projects as the Arab country strives to tackle climate change issues. Egyptian Environment minister Yasmine Fouad made the announcement Tuesday as she met with GCF CEO Yannick Glemarec, report says. Yasmine Fouad indicated that her country […]
Morocco exported 851 Ghw of electricity in 2021, worth 565 million dirhams ($60 million), as it continues to diversify its energy mix away from fossil fuels, the treasury said. Electricity exports were up 700% compared to a year earlier while imports grew only 20% to 688 Gwh, the treasury said in a recent report. The […]
The Egyptian government is set to dedicate 30% of the new budget for green investments, as compared to 15% in FY 2021/2022, minister of Finance said. Mohamed Maait also indicated that Egypt is planning to raise green investments under the FY 2024/2025 budget to 50%, Arab Finance reports. Egypt has embarked on the development of […]
CEO of Algeria’s oil and gas company Sonatrach Toufiq Hakkar said on Feb 27 his country was ready to tap the potential of a 10 cubic meter pipeline to Italy, but a day later he backtracked on his promise casting doubt on Algeria’s limited gas production capacity, in a volte-face that indicates a fear of […]
The Rissana offshore zone, located in the immediate vicinity of that of Lixus, off Larache, where large gas reserves were discovered last January, has been awarded to the British company Chariot. The Africa focused transitional energy company Chariot announced this Monday February 28 that it has been formally awarded the Rissana Offshore Licence for gas […]
The outbreak of war in Ukraine has put Europe’s energy security under a new test as Germany halted the Nord Stream 2 Baltic Sea gas pipeline project with Russia, leaving few long-term gas supply options, chief among which is the Moroccan-Nigerian pipeline project. The $11 bln Nord Stream 2 pipeline was intended to double gas […]
Tunisia will benefit from the African Development Bank’s (AfDB) Leveraging Energy Access Finance Framework (LEAF) program to promote investment in decentralized renewable energy backed by the Green Climate Fund. With a commitment of $164 million, the Abidjan-based bank will help scale up decentralized renewable energy (solar home systems, green mini-grids, and solar solutions for commercial […]