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Casablanca – Vivo Energy Maroc and TotalEnergies Marketing Maroc have formed a joint venture for the construction of a Liquefied Petroleum Gas (LPG) filling station in the Taroudant region in south-eastern Morocco, the Competition Council announced in a communique.
The Vivo Energy group engages in gasoline distribution, lubricants, and LPG filling and distribution industries under the Shell and Engen brands.
As a key player in the African LPG sector, Vivo Energy services both corporate clients and local communities, where LPG provides a safer and cleaner alternative to conventional cooking and heating fuels.
Total Energies, for its part, is a worldwide multi-energy firm that produces and distributes energy such as oil and biofuels, natural gas and renewable natural gas, and electricity.
If utilized appropriately, LPG is a cost-effective source of safe energy that is also ecologically friendly and clean.
Read also: Vivo Energy Morocco Opens First ‘Shell Helix Service Center’ in Casablanca
Morocco currently boasts 15 filling firms, 37 filling locations, and 17 distribution companies, according to CDG Capital research.
The Moroccan LPG market has been expected to expand by 4.3% per year beginning at the end of December 2020.
In both urban and rural settings, LPG products are mostly utilized for heating, cooking, and lighting.
Given the recent advances and the country’s demands for natural liquefied gas, Morocco has officially entered the international Natural Liquefied Gas (LNG) market for the first time.
Through this new deal, Morocco will use the additional LNG supply to fuel its Ain Beni Mather and Tahaddart sustainable energy plants, which provide up to 10% of national electricity output.
After Algeria terminated the Maghreb-Europe Gas (GME) pipeline deal, which supplied Spain via Morocco, these two power units were shut down.
