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FWIW, I do remember reading somewhere that the pipeline was intended to supply Europe.
I don't think my comment says I believe anything. It looks like this proposed pipeline and plant are official Moroccan Government plans (whether they happen or not is another question), and given the location of the proposed pipeline it's interesting to postulate how SDX *might* make use of this etc.
I don't flat out believe anything I read or hear, and don't call me Sarah... lol
Sarah,
"Connecting it to the Maghreb-Europe pipeline also implies that they'll send some of that imported gas in to Europe possibly. Why else would you connect it?"
You don't believe everything you read in the Arb press, do you?
Yes that seems to be it's purpose. Connecting it to the Maghreb-Europe pipeline also implies that they'll send some of that imported gas in to Europe possibly. Why else would you connect it?
Shakey, the description of the LNG terminal seems to imply that it is for importing LNG and re-gasifying it - not the much more expensive liquifaction facility that would be required for export. I quote from the article:
"The Moroccan LNG project is part of efforts to diversify the country’s energy mix and autonomy. The project includes two new combined-cycle gas turbine power plants, each with a capacity of 1200 MW, an LNG terminal and onshore regasification unit at the Port of Jorf Lasfar as well as pipelines connecting the terminal to the Maghreb-Europe pipeline.
The gas terminal will have a storage capacity of 5 billion cubic meters of LNG per year, a fitted marine jetty, regasification plants and high-pressure gas transmission pipes.
Morocco, which imports most of its energy needs, seeks to reduce its dependency on imported fossil fuels, with plans aimed at bringing the share of LNG to 13 pc of its energy mix by 2025 and generating over 50 percent of its energy from renewables by 2030."
This is the link that mentions the LNG facility, didn't include it earlier by mistake;
http://northafricapost.com/25676-morocco-to-renew-gas-supply-deals-with-algeria.html
shakeypremis
Excellent detective work, that now makes a lot more sense.
The 12 well drilling campaign in Morocco seemed excessive with only 8 customers.
I have been scratching my head wondering where the new uptake was coming from and with that in mind I asked MR that during the investor call. He did hint that more news would be released not specifying a region.
I did ask Paul Welch, prior to his departure, what areas of the business gave him the most excitement in terms of expansion, he replied South Disouq and Lalla Mimouna.
At the time I thought OK but you have to sell it, well you may have revealed their intentions, nice one!
Looks good to me any idea when the LNG Terminal would be built 2021 as well?
Very rough map of pipelines;
https://ibb.co/8XxhZfk
Nice spot Shakey, seller has seemed to dry up as well letting this free a bit.
Any one who followed Sound would likely know about this new proposed pipeline but I didn't follow them so it was news to me.
I have been trying to work out exactly what SDX might be up to regarding it's Moroccan gas projects. Given they aren't experiencing a great deal of demand for gas locally, how would the value of some larger/large gas finds be realised?
Well, aside from the possibility of bottling the gas and selling in to the Moroccan market I've discovered there are some plans afoot to build a LNG plant in the port of Jorf Lasfar on Morocco'as Atlantic coast (JL is south-west of Kenitra) and this new LNG terminal will be connected to the existing Maghreb-Europe pipeline which passes from Algeria in the Northern Morocco and then across the straight of Gibraltar to Spain. This line would likely go somewhere near to SDX's Lalla Mimouna assets (where incidentally they are hoping to open up a whole new area) and thus SDX's wells could link in to it to either sell in to Europe via a link in to the Mahgreb-Europe pipeline or perhaps go the other way to the LNG terminal or even to satellite facilities along this Jorf Lasfar to Mahgreb-Europe pipeline to sell in to Morocco locally. I've drawn a little map which I will upload later.
If I understand some of the articles below correctly, Morocco will be assuming ownership of the Mahgreb-Europe pipeline in 2021 too.
https://www.mapcustomizer.com/map/SDX's%20Moroccan%20ambitions
https://images.worldenergynews.com/images/maritime/tendrara-licence-44035.jpg - Jorf Lasfar pipeline and Mahgreb-Europe pipeline picture.
https://www.moroccoworldnews.com/2018/10/254656/morocco-ownership-gas-pipeline-algeria-europe/
https://www.moroccoworldnews.com/2018/10/254656/morocco-ownership-gas-pipeline-algeria-europe/
https://www.moroccoworldnews.com/2019/06/275785/algeria-gas-pipeline-provides-45-of-moroccan-gas-consumption/
https://en.wikipedia.org/wiki/Maghreb%E2%80%93Europe_Gas_Pipeline