Rabat – Morocco’s Ministry of Energy Transition reassured citizens in a statement today, stressing that the country’s national energy stocks remain sufficient to meet local demand.
The ministry said the North African kingdom is closely monitoring the developments in the region, especially the “attacks on the sovereignty and territorial integrity of several brotherly countries.”
It recalled how such developments have caused repercussions across different sectors, including transport, civil and military infrastructure, digital infrastructure, data centers, as well as other industries like banking and the insurance fields.
“The situation also carries international implications given the strong interconnection between global economic and financial systems,” the ministry said.
Available indicators show that the global energy system possesses the capacity needed to absorb shocks and price fluctuations, describing them as sharp, the ministry reassured.
It clarified, however, that the data shows that these indicators suggest that surviving the situation is only based on a short-term assessment.
The war in the Middle East is causing mounting concerns, the ministry conceded, particularly recalling the potential impact on inflation.
Oil and gas prices have been soaring after the escalating strike exchanges between Israel, the US, and Iran.
Iran’s decision to close the Strait of Hormuz, a key route for gas exports, has also added injury to insult as the world watches in anxiety while urging for restraint and hoping for a quick return to the diplomatic table.
Meanwhile, as the conflict entered its fifth day on Wednesday, Iran threatened to “set fire to any ship attempting to pass through the strait.”
Morocco has been consolidating energy sovereignty reforms to rely on its domestic production through renewable energies, which significantly contributes to the country’s electricity supply.
For now, however, the country continues to import gas from international sources.
Last month, data from the energy-focused website Attaqa indicated that Morocco’s gas imports recorded a notable increase over the past year, rising by 6.9%.
The report noted how these imports have contributed to Morocco’s reliable and stable energy supplies.
Citing data compiled by Energy Platform, Attaqa stated that Morocco’s gas imports reached 10.357 terawatt-hours. The number is up from 9.703 terawatt-hours in 2024.
