MEDGAZ is a strategic project for Algeria, Spain, and the rest of Europe. On the one hand, natural gas will be supplied directly from Algeria, without requiring transit through third countries, which will considerably enhance security of supply. On the other hand, it is the most cost-effective way of delivering natural gas to Southern Europe and creating a future gas hub, as highlighted by renowned energy pundits and experts such as the Mediterranean Energy Observatory (OME) and Wood Mackenzie. MEDGAZ will also help to meet growing demand for natural gas in Europe. Lastly, the planned sub-sea link complies with the Kyoto Protocol.
As a result, the gas pipeline has received considerable support from a variety of government institutions and agencies. In Spain, it was included in the document titled "Planning of Electrical Power and Gas Sectors. Development of Transportation Networks 2002-2011", drafted by the Spanish Finance Ministry (MINECO, September 13, 2002). The Spanish Ministry of Industry, Tourism and Commerce has recently awarded "priority" status to MEDGAZ.
In Europe, MEDGAZ has been approved by the European Commission as a "Project of Priority Interest within Trans-European Networks in the Energy Sector" (Decision 1229/2003/EC).