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    Home»Financial News»Morocco Emerges as Third-Largest Buyer of Spanish Natural Gas
    Financial News

    Morocco Emerges as Third-Largest Buyer of Spanish Natural Gas

    By March 9, 20262 Mins Read
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    Rabat – Morocco ranked among the main destinations for Spanish natural gas exports at the start of the year, placing third in January with more than 822 gigawatt-hours (GWh) imported from Spain, according to energy data reported by Spanish newspaper La Razón.

    Spain’s external gas sales rose significantly during the first month of the year. 

    Official figures show exports reached 3,789 GWh in January, an increase of 24% compared to the same period last year. Several European and Mediterranean countries contributed to this rise in demand.

    Within this landscape, Morocco accounted for about 21.7% of Spain’s gas exports for the month. 

    The volume imported by the North African country reached approximately 822 GWh, which placed it behind Portugal, the leading buyer, and Turkiye, which ranked second.

    The figures illustrate the continued role of Spain as a key gas hub in the region, with exports directed toward neighboring markets that rely on the country’s infrastructure and supply routes.

    The same dataset also shows changes in Spain’s supply sources. The US now stands as the main provider of natural gas to the Spanish market, with 44.5% of total supplies. 

    The increase shows a stronger flow of liquefied natural gas transported by tanker ships across the Atlantic.

    Algeria ranks second among Spain’s suppliers with 29.4% of total gas deliveries, most of which arrive through the Medgaz pipeline that links the two countries. Russia holds third place, accounting for 12.7% of Spain’s imports during the same period.

    The data also point to shifts in how Spain receives gas. Imports through pipelines rose by 21.9% over the past year, while purchases of liquefied natural gas fell by 16.6%.

    Overall, Spain imported 34,314 GWh of natural gas during the period, a slight annual decline of 3.3%. The figures reflect ongoing adjustments across the European energy market as countries continue to recalibrate supply routes and partnerships.

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