Friday, June 22, 2018

Sound Energy to Build Pipeline to Commercialize Moroccan Gas

Posted by June 8, 2018

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Britain's Sound Energy has signed a heads of terms agreement with a consortium to build a 20 inch gas pipeline and a processing plant to commercialize its discoveries in Eastern Morocco, it said.

The consortium comprising Spain's Enagas (ENG.MC), Elecnor and Fomento has been awarded the deal under a build-own-operate-transfer (BOOT) structure, the Morocco-focused company said.

"The Consortium will finalise plans to secure access to some $184 million of development capital that will be required to fund the project," it said in a statement.

Reporting by Ahmed Eljechtimi Editing by Ulf Laessing

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