Managem Raises Stake in Tendrara Gas Concession to 75%

Moroccan mining and energy group Managem has increased its stake in the Tendrara gas concession in eastern Morocco to 75%, in a move described as a core part of its strategic pivot toward low-carbon energy diversification. The Tendrara gas field, located in the Figuig region near the Algerian border, has been a focus of exploration and development activity for several years. Independent energy assessments have identified significant gas reserves at the site, with potential for domestic supply and export. Company executives emphasized that the move is aligned with Morocco's broader National Energy Transition strategy, which targets over 52% of electricity generation from renewable sources by 2030. Natural gas is seen as a critical bridge fuel in this transition. The investment also reflects growing interest from international energy companies in Morocco's upstream gas sector, particularly as European nations seek to diversify away from Russian energy sources. Analysts noted that the Tendrara development, once operational at scale, could make a meaningful contribution to Morocco's energy security and help reduce the country's historically high dependence on imported fossil fuels.