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Morocco Gas Plan Reset Could Open Door to New Investment Models

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As Morocco recalibrates its LNG strategy, the country’s evolving approach to gas infrastructure and investment will be in focus at the Invest in African Energy Forum in Paris next month

PARIS, France, April 7, 2026/APO Group/ –Morocco’s decision earlier this year to pause elements of its long-anticipated LNG import strategy marks less a delay than a strategic reset – one that reflects both shifting global market dynamics and a more pragmatic approach to infrastructure development.

In January 2026, the Ministry of Energy Transition and Sustainable Development suspended tenders for a planned LNG import terminal at Nador West Med and associated pipeline infrastructure, just weeks after launching the process in December 2025. The proposed project was ambitious: a floating terminal with regasification capacity of around 5 billion cubic meters (bcm) per year – more than four times Morocco’s current gas demand of roughly 1 bcm – designed to anchor a national gas network linking industrial hubs from Nador to Kenitra and Mohammedia.

While global LNG market volatility, rising financing costs and uncertainty around long-term demand have complicated the economics of large-scale import infrastructure, Morocco’s decision to reassess both timing and structure reflects a measured and forward-looking approach. Rather than locking into a capital-intensive model, the country is creating space to align infrastructure development more closely with market realities.

This comes at a critical moment. Gas demand is projected to rise to around 8 bcm by 2027, driven by power generation and industrial growth as Morocco reduces coal dependence while targeting renewables to account for 52% of installed capacity by 2030. Meeting this demand will require new infrastructure, but increasingly in forms that offer flexibility, scalability and improved risk allocation.

One area gaining traction is the development of modular LNG solutions. Phased infrastructure – particularly floating storage and regasification units – offers a pathway to bring capacity online more quickly while reducing upfront capital exposure. Such models allow supply to scale alongside demand and provide greater resilience in a volatile pricing environment.

At the same time, Morocco is advancing reforms to strengthen market structure and enhance competitiveness. Policymakers have emphasized the need for greater private sector participation, alongside ongoing reforms to state entities including ONHYM, aimed at improving pricing transparency and market efficiency. As ONHYM transitions toward a more commercial framework, its role in facilitating partnerships and enabling investment across midstream and gas-to-power segments is expected to expand.

Morocco’s existing infrastructure further supports this transition. Since 2022, the country has imported LNG via Spanish terminals using reverse flows through the Maghreb-Europe Gas Pipeline, providing interim supply without the need for immediate large-scale domestic regasification. While limited in capacity, this system offers flexibility and allows Morocco to optimize the timing and structure of future investments.

For investors, this reset broadens the opportunity set. Rather than a single large-scale LNG terminal, there is now scope to participate across a more diversified value chain – from storage and regasification to downstream industrial use and power generation. Smaller, phased projects are not only more adaptable but also better aligned with current financing conditions, supporting more efficient capital deployment.

Morocco’s evolving strategy will be a key focus at the Invest in African Energy (IAE) Forum in Paris next month, where the country will be featured in a dedicated Country Spotlight session. With participation from ONHYM and other senior stakeholders, including Managing Director Amina Benkhadra, the forum will provide a platform to outline Morocco’s revised gas roadmap and engage directly with investors on emerging opportunities across the value chain.

With gas demand projected to reach up to 12 bcm by 2030, Morocco’s long-term fundamentals remain strong. What is changing is the model – shifting toward more flexible, commercially driven solutions that reflect both market conditions and investor priorities.

As Morocco refines its LNG strategy, its approach highlights a broader trend across emerging markets: in a volatile global energy landscape, adaptability is increasingly defining investment success.

IAE 2026 (http://apo-opa.co/4c5P4Li) is an exclusive forum designed to connect African energy markets with global investors, serving as a key platform for deal-making in the lead-up to African Energy Week. Scheduled for April 22–23, 2026, in Paris, the event will provide delegates with two days of in-depth engagement with industry experts, project developers, investors and policymakers. For more information, visit www.Invest-Africa-Energy.com. To sponsor or register as a delegate, please contact sales@energycapitalpower.com

Distributed by APO Group on behalf of Energy Capital & Power.

Energy

Makor Resources CEO to Speak at African Mining Week (AMW) 2026 Amid $30M Copper Strategy and Artisanal and Small-Scale Miners Formalization Drive

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Brooke Bibeault’s participation at African Mining Week will highlight Makor Resources’ Zambia strategy, its approach to ASM formalization and the role of copper projects in supporting long-term critical minerals growth

CAPE TOWN, South Africa, July 9, 2026/APO Group/ –Brooke Bibeault, CEO of copper-focused exploration and development company Makor Resources, has been confirmed as a speaker at African Mining Week (AMW) 2026, taking place October 14–16 in Cape Town. The event brings together global mining investors, developers and policymakers to discuss opportunities shaping Africa’s next generation of critical minerals projects.

 

Bibeault will participate in a panel discussion on Accelerating the Formalization of Artisanal Miners, where industry stakeholders will explore pathways to integrate artisanal and small-scale miners (ASM) into formal mining value chains while improving productivity, environmental standards and community development outcomes.

The discussion aligns with Makor Resources’ approach in Zambia, where the company is supporting ASMntegration through its MineHive program. The initiative provides funding and technical support to ASM operators, strengthening local participation in the copper sector while creating structured pathways into formal supply chains.

Alongside its ASM-focused initiatives, Makor Resources is advancing a district-scale copper exploration strategy across Zambia, supporting the country’s long-term ambition to significantly increase annual copper output. The company is progressing the Muli Copper Project in Central Zambia, while also advancing exploration at the Kangili Copper Project in the Mkushi District.

In early 2026, Makor Resources announced plans to invest up to $3 million by the end of the year to enhance geological understanding across its asset portfolio. The program includes integrated geophysical surveys, remote sensing and systematic sampling campaigns designed to support target definition and resource delineation. These activities form part of a broader investment framework estimated at between $20 million and $30 million over the medium term.

With global copper demand projected to rise significantly in the coming decades, attention is increasingly turning to new supply sources. At AMW 2026, Bibeault is expected to outline how Makor Resources’ Zambia portfolio is positioned to contribute to both national economic development and the broader global energy transition through expanded copper supply.

Distributed by APO Group on behalf of Energy Capital & Power.

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Gold Fields’ Benford Mokoatle to Shape Gold Investment Agenda at African Mining Week

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Gold Fields Executive Vice President Benford Mokoatle will contribute to African Mining Week’s program, bringing more than two decades of operational leadership to discussions on investment, production growth and value addition across Africa’s gold sector

CAPE TOWN, South Africa, July 8, 2026/APO Group/ –Benford Mokoatle, Executive Vice President at Gold Fields, has been appointed to the Advisory Board of African Mining Week (AMW) – Africa’s Most Influential Mining Conference.

 

Mokoatle’s appointment reinforces AMW’s commitment to bringing together leading industry figures to help shape discussions on the opportunities and challenges transforming Africa’s mining sector. It also comes at a pivotal time for the continent’s gold industry, as record gold prices and sustained central bank demand create favorable conditions for new project development and investment.

Benford Mokoatle brings more than two decades of operational and leadership experience in Africa’s gold mining industry

In his advisory role, Mokoatle will provide strategic guidance on the event’s gold-focused agenda, engage with industry stakeholders and support participation from mining executives, investors and government leaders. His expertise will help ensure AMW delivers practical insights into the trends shaping Africa’s gold industry while fostering partnerships that unlock new investment opportunities.

Taking place under the theme, “Mining the Future: Unearthing Africa’s Full Mineral Value Chain” from October 14–16 in Cape Town, AMW will feature a dedicated Gold Forum examining the key opportunities and challenges across Africa’s gold value chain. Discussions will focus on increasing production, advancing local beneficiation and supporting the formalization of artisanal and small-scale mining.

With more than 21 years of mining experience, Mokoatle has held senior technical and operational leadership positions at Gold Fields, AngloGold Ashanti and De Beers. His expertise spans geology, mine management and operational excellence, providing him with a comprehensive understanding of the operational and strategic priorities shaping Africa’s gold industry.

At Gold Fields, Mokoatle plays a leading role in advancing the South Deep Mine in South Africa – one of the world’s deepest and largest gold mines – as a cornerstone of the company’s long-term growth strategy. Current initiatives include the South of Wrench development and renewable energy projects designed to improve operational efficiency while supporting Gold Fields’ 2026 production guidance of 2.4 to 2.6 million ounces.

“Benford Mokoatle brings more than two decades of operational and leadership experience in Africa’s gold mining industry. His contribution will be instrumental in ensuring AMW 2026 delivers meaningful outcomes for the sector,” said Rachelle Kasongo, Event Director, AMW. “As African producers expand output to capitalize on strong global demand, his expertise will help shape the program and strengthen dialogue on the policies, partnerships and investment needed to support long-term growth.”

Distributed by APO Group on behalf of Energy Capital & Power.

 

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Nigerian Operators Strengthen Africa-Wide Energy Collaboration at African Energy Week (AEW) 2026

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Operators focused on deepwater, offshore field development and gas infrastructure have joined AEW 2026 in Cape Town

CAPE TOWN, South Africa, July 7, 2026/APO Group/ –Leading Nigerian oil and gas operators are set to play a major role at African Energy Week (AEW) 2026, bringing upstream expertise, project development experience and investment momentum to Cape Town as Africa seeks to accelerate regional energy collaboration. Their participation reflects a growing push by Nigerian producers to engage more closely with regional and international stakeholders on new field development, gas commercialization and long-term energy investment.

 

TotalEnergies’ Nigeria Managing Director and Country Chair Matthieu Bouyer will attend alongside former TotalEnergies Managing Director Adewale Fayemi. A strategic player in the country’s upstream market, TotalEnergies continues to operate key deepwater assets in Nigeria and is among the international majors that have maintained offshore investment even as onshore and shallow-water positions have shifted to indigenous firms.

First E&P – which produces approximately 57,000 barrels per day (bpd) – has emerged as an increasingly more prominent player in Nigeria’s oil and gas market. The company has built its portfolio through direct asset development and positioning across the Niger Delta, contributing to the broader expansion of indigenous upstream capacity.CEO and MD Ademola Adeyemi-Bero and Chief Strategy Officer George Toriola will represent First E&P at AEW 2026 as the company assesses opportunities beyond Nigeria’s borders.

Meanwhile, Emadeb E&P continues to increase its portfolio through strategic acquisitions and project advancements. The company achieved first oil at the Ibom Field in 2025, marking the first new shallow-water offshore development in Nigeria in more than 15 years. The company has invested more than $100 million and has further drilling campaigns planned. MD Oluwasegun Ogunsanya and COO Sheriff Adeeyo will both participate at AEW 2026.

SunTrust Atlantic Energies has produced more than 54 million barrels of crude from the Umusadege field in OML 56 since 2008, sustaining output of approximately 10,000 bpd. Founder and Chief Executive Ugo Okafor and Executive Director Rachel Akhuetie will attend AEW. The company’s sustained production from a single marginal field over nearly two decades demonstrates the long-term value available in Nigeria’s upstream portfolio when operators commit capital and operational continuity.

Lekoil will be represented by Company Secretary and General Manager of Legal Gloria Iroegbunam and Chief Technical Officer Sam Olotu. Through its Otakikpo asset, the company commissioned Nigeria’s first indigenous onshore crude export terminal in nearly five decades while expanding gas-to-power infrastructure and advancing commercialization of additional discoveries including OPL 310.

Energia MD and CEO Oladimeji Bashorun and Pan Ocean & Newcross CFO Seyi Oladapo have also joined the conference. Pan Ocean and the Newcross have expanded across producing assets, gas infrastructure and export logistics, and will contribute to discussions on project financing and the capital structures required to sustain Nigeria’s upstream growth. For its part, Energia continues to support Nigeria’s production goals through a growing portfolio of operated and partnered assets across the Niger Delta.

“These operators are drilling new wells, building export terminals and financing offshore developments that did not exist five years ago. Nigeria’s upstream sector is growing not only through asset transfers but through new investment and new production,” stated NJ Ayuk, Executive Chairman of the African Energy Chamber.

As African energy markets become increasingly interconnected, collaboration between leading operators will be critical to accelerating project development and unlocking new investment. Through their participation at AEW 2026, Nigerian operators are bringing valuable expertise, capital and project execution capabilities to the regional dialogue, reinforcing their role in shaping Africa’s next phase of upstream growth.

Distributed by APO Group on behalf of African Energy Chamber.

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