Algeria Hints at Letting Go of Gas Pipeline Passing through Morocco

A gas pipeline in Algeria (File photo: Reuters)
A gas pipeline in Algeria (File photo: Reuters)
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Algeria Hints at Letting Go of Gas Pipeline Passing through Morocco

A gas pipeline in Algeria (File photo: Reuters)
A gas pipeline in Algeria (File photo: Reuters)

Algeria said Thursday that all the natural gas supplies in Spain are now provided through its gas pipeline connecting the two countries, bypassing Morocco, Algeria's official news agency APS reported.

The announcement, which comes two days after Algeria announced the severance of diplomatic relations with Morocco, suggests that Algiers will do without the Maghreb-Europe gas pipeline, which connects Europe via Morocco.

The Algerian Minister of Energy and Mines Mohamed Arkab made the announcement during a meeting with the Spanish ambassador.

Arkab affirmed: "Algeria's total commitment to cover all of Spain's natural gas supplies through the Medgaz," directly connecting the two countries, according to a ministry statement carried by APS.

Last week, before Algeria decided to "review" and then completely sever its relations with Morocco, Rabat said it was in favor of maintaining the Maghreb-Europe gas pipeline, the contract of which is due to expire in October 2021.

"Even in the event of non-renewal of this contract which ends next October, Algeria will be able to supply Spain, but also respond to any additional demand from the Spanish market without any problem," announced Sonatrach CEO last June.

APS also criticized Morocco's announcement of its willingness to extend the gas agreement between the two countries and said that Rabat reaps a "great benefit" from the passage of the gas pipeline to Europe.

Algiers announced on Tuesday that it was severing diplomatic relations with Rabat, citing "relentless hostile acts perpetrated by Morocco against Algeria."



Turkish Inflation Falls to 35.4% in May, Below Forecast 

People on a ferry cross the Bosphorus backdropped by the Galata Tower during sunset in Istanbul, Türkiye, 28 May 2025. (EPA)
People on a ferry cross the Bosphorus backdropped by the Galata Tower during sunset in Istanbul, Türkiye, 28 May 2025. (EPA)
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Turkish Inflation Falls to 35.4% in May, Below Forecast 

People on a ferry cross the Bosphorus backdropped by the Galata Tower during sunset in Istanbul, Türkiye, 28 May 2025. (EPA)
People on a ferry cross the Bosphorus backdropped by the Galata Tower during sunset in Istanbul, Türkiye, 28 May 2025. (EPA)

Turkish annual inflation dipped to 35.41% in May, official data showed on Tuesday, below a Reuters poll forecast and less than half the level of more than 75% that it reached a year earlier.

Month-on-month, consumer price inflation was 1.53%, the Turkish Statistical Institute said, also below forecasts. In April, inflation stood at 3.0% on a monthly basis and 37.86% annually.

In a Reuters poll, the monthly inflation rate was expected to be 2.0% in May, with the annual rate seen at 36.1%.

Annual increases were led by education prices, which were up 71.67% on the year, while housing prices climbed 67.43%. Food and non-alcoholic drinks prices rose 32.87%.

Inflation is seen at around 30% by end-2025, the poll showed, above a central bank forecast of 24%. Economists have revised up year-end inflation forecasts since March despite the central bank's recent tightening steps.

In March, Turkish assets suffered, with the lira touching a record low against the US dollar after Istanbul Mayor Ekrem Imamoglu - President Recep Tayyip Erdogan's chief political rival - was jailed pending trial over graft charges that he denies.

The domestic producer price index rose 2.48% month-on-month in May for an annual rise of 23.13%, the data showed.