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

EnerMech Names APAC Regional Chief

ADNOC Signs 15-Year LNG Supply Deal with Osaka Gas for Ruwais Project

VIDEO: AIRCAT Crewliner takes Shape to Service Offshore for TotalEnergies Angola

AIRCAT 35 Crewliner Vessels Delivered to Service TotalEnergies Angola

Abu Dhabi's NMDC Group Gets $1.1B Subsea Gas Pipeline Job in Taiwan

Europe's Gas Uncertainty Help Drive Asian LNG Spot Prices Higher

Shell Shuts Down Oil Processing Unit in Singapore Due to Suspected Leak

Flare Gas Recovery Meets the Future

Offshore Service Vessels: What’s in Store in 2025

ABS Approves Hanwha Ocean’s FPSO Design

Current News

VARD Snags $125m Shipbuilding Deal for Subsea Contruction Vessel

Mitsui’s STATS Lands Malaysian Pipeline Isolation Job

INEOS Wraps Up Acquisition of CNOOC’s US Oil and Gas Assets

Fire at Petronas Gas Pipeline in Malaysia Sends 63 to Hospital

Japan’s ENEOS Xplora, PVEP Ink Deal for Vietnam Offshore Block

CNOOC Makes Major Oil and Gas Discovery in South China Sea

Valeura’s Assets in Gulf of Thailand Remain Operational After Earthquake

Op-Ed: Kazakhstan’s National O&G Firm Positioning Itself as Global Energy Player

Woodside to Shed Some Trinidad and Tobago Assets for $206M

CNOOC Sees 11% Profit Growth in 2024 Driven by Record Oil Production

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