London – Morocco’s Minister of Foreign Affairs, African Cooperation, and Moroccans living Abroad, Nasser Bourita, held talks on Wednesday with the UK’s Minister of State for the Middle East, North Africa, South Asia, and United Nations, Lord Tariq Ahmad of Wimbledon, on the latest developments in the situation in the region and in Africa.

The telephone conversation between Mr. Ahmad of Wimbledon and Mr. Bourita, which he called as “constructive,” was centered on the “situation in Israel and the +Occupied Palestinian Territories+, Niger, and Libya, in addition to broader bilateral and regional issues,” according to a tweet from Mr. Ahmad.

When it came to this, Lord Tariq Ahmad of Wimbledon sent His Majesty King Mohammed VI his “warm wishes following Throne Day.”

Moroccan-British ties are consistently improving as a result of a political commitment on both sides to preserving a century-old alliance.

The fourth session of the two Kingdoms’ strategic dialogue was held in Rabat in May, giving London the chance to stress that the eight-century-old alliance can only get stronger, especially as it covers several important areas like trade, education, and climate change.

Read also: Israel-Palestine Conflict: Morocco, under Leadership of HM the King, Reiterates Position in Favor of Peace as Strategic Choice – FM

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A project to produce gas has been collaborated on by Morocco and the UK. British energy company Sound Energy put out the concept, and Attijariwafa Bank opted to support it.

The project will improve the gas infrastructure in the Tendrara region of Morocco, which will result in major economic expansion, the creation of jobs, and greater investment.

The money will go toward pipeline construction, well drilling, and well-operation to deliver the natural gas to the buyer, the National Office of Electricity and Drinking Water.

The investment received a quick return because the news caused Sound Energy’s stock price in London to increase by 6.2%.

The firm and the Moroccan bank began talking on June 23 of last year. With a two-year grace period, the investment will be paid back over a period of 12 years.

The largest natural gas discovery in the Kingdom, worth an estimated 377,000 billion cubic feet, was made in the Tendrara region.

With a 28,000 square kilometer holding, Sound Energy is in possession of the country’s largest hydrocarbon exploration territory.

Presently, 10% of Morocco’s yearly gas consumption is fulfilled by the country’s 100 million cubic meter production. Through global marketplaces, the remaining demand is satisfied.

Prior to the expiration of the contract with Algeria, Morocco used the Maghreb-Europe Gas Pipeline to import gas from Algeria. However, Morocco switched to using the pipeline to receive liquefied natural gas from the European market via Spain.

Leila Benali, Morocco’s Minister of Energy Transition and Sustainable Development, claimed in an interview that new finds will result in a 300 million cubic meter boost in the nation’s natural gas output.

Thanks to the growth of the Tendrara and Larache districts, the Moroccan government expects to achieve 400 million cubic meters in the upcoming years, which would satisfy 40% of the nation’s energy needs.

Morocco is dedicated to boosting production and setting up the required infrastructure for gas supply from abroad in order to guarantee a stable local electrical system and satisfy the needs of energy-intensive sectors.

This plan will assist in balancing variations in the output of electricity from renewable sources.

Read Also: Sound Energy to Start Delivery of Liquefied Natural Gas in 2024

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