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Growing Spain and Morocco Ties Threatens Algerian Gas Flows

NATURAL GAS

Spain and Morocco will hold their first bilateral summit in eight years on Thursday as they seek to strengthen economic ties.

  • The move has drawn threats from Algeria that is could cut the flow of natural gas as tensions between the two nations remains strained.
  • Algerian gas flows to Europe fell by around 6 Bcm in 2022, totaling 44 Bcm last year, as lower LNG exports to the Continent and reduced transit to Spain were only partially offset by burgeoning energy ties with Italy.
  • Algerian gas is seen as a key source for the EU to move away from Russian flows.
Energy BulletsCommodities
Energy BulletsCommodities

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