Key points

MEDGAZ is a strategic project for Algeria, Spain, and the rest of Europe. On the one hand, natural gas is supplied directly from Algeria, without requiring transit through third countries, which considerably enhances security of supply. On the other hand, it is the most cost-effective way of supplying natural gas to Southern Europe and creating a gas hub, as highlighted by renowned energy pundits and experts such as Mediterranean Energy Observatory (OME) and Wood Mackenzie.

 MEDGAZ also contributes to security of supply of natural gas in Europe. Finally, the underwater link helps to accomplish the objectives of the Paris Agreement by lowering greenhouse gas emissions through the substitution of fossil fuels like coal, oil, and their derivatives for natural gas.

As a result, the gas pipeline received considerable support from various 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.

The European Commission established MEDGAZ as a “Project of common interest within the trans-European networks in the energy sector” (Decision 1229-2003/EC).