Morocco Preparing Tender for $4.5 bln LNG Project

Posted by Michelle Howard
Monday, October 1, 2018

Morocco is preparing to invite bids for a liquefied natural gas (LNG) project in Jorf Lasfar worth $4.5 billion, Energy Minister Aziz Rabbah said on Monday.

Speaking on the sidelines of an energy conference in Marrakesh, he declined to give details.

Last year, Moroccan state-owned power utility ONEE said it had picked HSBC Middle East Ltd as financial adviser for its plan to boost imports of LNG.

The project includes the import of up to 7 billion cubic metres of gas by 2025, and the construction of a jetty, terminal, pipelines and gas-fired power plants, officials have said.

Morocco, a net energy importer, aims to diversify fuel supplies and reduce its dependence on foreign oil and coal.

Jorf Lasfar, where the terminal will be built, is situated on the Atlantic coast near where state-run phosphate company OCP and Abu Dhabi National Energy Co (TAQA) have facilities.

Reporting by Ahmed ElJechtimi and Ulf Laessing

Categories: LNG

Related Stories

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

BW Opal FPSO Vessel set for Work off Australia

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

Velesto’s Jack-Up Rig Up for Drilling Job Offshore Vietnam

Indonesia's Medco Starts Production at Natuna Sea Fields

Valeura Energy Greenlights Wassana Oil Field Redevelopment off Thailand

Shell-Reliance-ONGC JV Complete India’s First Offshore Decom Project

Shell Predicts 60% Rise in LNG Demand by 2040 with Asia Leading the Way

European LNG Imports Up with Asian Influx

Current News

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Three Dead in Chevron's Angolan Oil Patform Fire

BW Opal FPSO Vessel set for Work off Australia

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

Fire Contained at Vietnamese Oil Platform Undergoing Decommissioning (Video)

Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

Petronas, Inpex Secure Oil and Gas Exploration Rights off Indonesia

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com