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The president of Algeria,

Abdelmedjid Tebboune,

confirmed today the closure of the Maghreb Europe Gas Pipeline (GME), which

supplied Spain and Portugal through Morocco,

and the non-renewal of the contract signed with the Moroccan kingdom, which expired this Sunday.

Although the president had already announced that he would abandon the supply through this route after 25 years of commercial relationship with the Iberian Peninsula, he had not revealed until now what would be the destination of the contract signed with Morocco, a country with which Algeria broke diplomatic relations on last august.

In a brief statement published by the Algerian presidency through its official page on the Facebook social network, it explained that

the decision is due to the "aggressive practices" of the neighboring country,

which Algeria considers one of the sources of instability in the north. Africa and the Sahel, the border that most worries Europe.

"The President of the Republic received today a report on the contract that links the national company Sonatrach with the Moroccan Office of Electricity and Water, dated July 31, 2011 and which expires today October 31, 2021, at midnight", explained the note.

"In light of the aggressive practices of the Kingdom of Morocco towards Algeria, which affect national unity, and after consulting with the Prime Minister and with the Ministers of Finance, Foreign Affairs and Energy and Mines, the President of the República ordered the national company Sonatrach to

cease the commercial relationship with the Moroccan company and not to renew the contract, "he

added without further details.

In this context of instability,

Algeria guaranteed Spain this week that it will comply with "the signed contracts"

and will continue to supply gas in two ways: increasing the capacity of the other gas pipeline that connects the two countries through the Mediterranean (Medgaz) and compensating the rest with LNG tankers, built to transport liquefied gas (LNG).

One option, that of LNG, which

could lead to an increase in the price

, since shipping rates on ships are higher, something that could have an impact on Spanish households that are already facing the rise in electricity prices, the gas and fuels.

Not so much during this winter, in which the supply is guaranteed, but in the future, since Algeria has insisted that it will honor the "agreements already signed", without alluding to the following.

Since 1996, Algeria has sent some

10 billion cubic meters of

natural

gas

per year to Spain and Portugal through the GME.

In return, Morocco received annually about 1 billion cubic meters of natural gas per year, which covers 97% of its needs.

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