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Are Natural Gas Prices Set To Spike?

Are Natural Gas Prices Set To Spike?

Natural gas inventories have plunged…

Russia, Morocco Sign String Of Energy And Military Deals

LNG

Russian Prime Minister Dmitry Medvedev discussed supplying liquefied Russian natural gas to Morocco on a visit to Rabat on October 11 during which he signed a string of energy, military, and other deals.

Medvedev met with Moroccan Prime Minister Saadeddine El Othmani and presided at a signing ceremony for 11 bilateral agreements covering cooperation in such areas as customs, agriculture, the military, culture, energy efficiency, and nuclear energy.

Medvedev touted what he called a "very promising project to supply liquefied natural gas (LNG) to meet the needs of the Moroccan economy," saying during a press conference that "the potential for cooperation is huge."

Russia's energy minister, Aleksandr Novak, on a visit to Morocco last month said an LNG regasification terminal was being built and the two countries discussed gas deliveries by the Russian groups Gazprom and Novatek, local media reported.

Morocco has few oil and gas reserves of its own and is planning to open an LNG terminal at Jorf Lasfar on the North African country's Atlantic coast in 2019, according to the Energy Ministry.

The disputed Western Sahara region that Morocco annexed in the mid-1970s also was a topic of the talks between Medvedev and El Othmani.

Medvedev is traveling with a large Russian government delegation and business executives. Morocco's King Mohammed VI hosted a lunch in the prime minister's honor.

Medvedev arrived in Morocco after a visit to Algeria, where he discussed oil prices and energy cooperation.

By RFE/RL

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