Algeria Reroutes Gas Amid Morocco Row

Copyright © 2021 Energy Intelligence Group

Algeria says it will use the Medgaz pipeline for all piped gas shipments to Europe after severing diplomatic ties with Morocco last month, easing concerns in Spain and Portugal about potential problems on the Maghreb-Europe (GME) pipe. Medgaz runs direct to Spain under the Mediterranean, while GME crosses Morocco first. But flows to Spain are currently split roughly 50-50 between the two routes, and funneling everything through Medgaz heightens the risk of supply disruptions. Periods of high demand could also force buyers to rely more heavily on LNG, where tight supply is pushing prices to record highs.

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