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Thanks, I’d be doubtful of an outfit our size being chosen the head this up, unfortunately, unless we have sufficient key Moroccan shareholders ;-)
Publicly that was my understanding, however c357's link suggests we are not. European gas crisis plus Algeria tensions may well have got this a lot more profile. Whoever is chosen will be on a much quicker timeline than originally laid out too IMO. Maybe we miss out on a full blown project, but I wouldn't rule out some form of consultancy role.
Do I understand correctly that we are the only applicant?
Just a quick reminder of what we know so far in relation to our submission:
From 24/05/2021 - "Floating Storage and Regasification Units ("FSRU") for importing LNG
Morocco
PGVMB is submitting a response to AMI No.1/DC/2021 dated 26 April 2021 issued by the Department of Energy and Mines Fuel Department in Morocco: "Call for expressions of interest in the Construction and operation of a FSRU" for Morocco to import LNG. Deadline for submissions is 31 May 2021.
The initial scope of the FSRU project is for an annual requirement of 1.1 BCM by 2025 rising to 1.7 BCM in 2030 and 3 BCM in 2040. By comparison Predator LNG Ireland Ltd has a scoping annual requirement of 2.6 BCM for its FSRU design concept for the Republic of Ireland ("ROI").
PGVMB is utilising its experience and know-how that it has acquired through the development of its FSRU concept for security and diversity of energy supply for the ROI together with management's involvement with infrastructure stakeholders and regulatory authorities developed over many years in the gas sector in the ROI.
The FSRU project is envisaged to be a much longer term project that does not compete with the Company's short- and medium-term plans to explore for, appraise and develop gas in its Guercif licence onshore northern Morocco. It is potentially a complementary addition to the Company's business development strategy for Morocco to increase both materiality and the potential for future gas exports to Europe once the domestic Moroccan gas market reaches capacity. Guercif is ideally located adjacent to the Maghreb gas pipeline to support multiple development scenarios both for the domestic and international gas markets.
Discussions and negotiations continue regarding the potential for three additional Collaboration Agreements with European companies specifically in relation to the FSRU concept both in the ROI and Morocco that potentially may lead to further announcements in the coming weeks should these discussions and negotiations successfully conclude on terms acceptable to the Company."
and from 28/07/2021 RNS - "Further developing the potential for a Floating Storage and Regassification Unit ("FRSU") for LNG imports will also be discussed with suitable local off-takers of gas and other more carbon-intensive fuels that are active in the downstream energy sector in Morocco. The Company is pleased to be working with the Schulte Group (https://www.schultegroup.com) to develop the project concepts."
Morning...
Both...
Excellent spotting...for which many thanks!
Regards
GRH
Good catch, apologies for the typo. Shame there's not edit on here. Interesting times ahead, hopefully.
My mistake....25th is Monday, not tomorrow!!
Hiya C357....nice spotting, i did notice though that it has been extended "from 15th oct"
Copy/paste
"Therefore, the ministry decided to extend the consultation period by 10 days, starting October 15"
So hopefully finishes tomorrow?
Have a good weekend everyone.
Gla
Taff
Bdt.
Looks like the consultation has been extended for 10 days from 25 Oct 21. I've looked but I can't see anything about who has bid for it, or when a downselect/award may be. Interesting bit about the additional site.
"During this extension, bidders will be able to respond to the request for additional information on the offers submitted on June 15, 2021, taking into account the addition of an additional site, in the north of the Kingdom, while detailing the structuring of the financing envisaged as well. that the conditions of the gas supply contract, it is specified."
https://www.moroccoworldnews.com/2021/10/344984/morocco-to-construct-station-transforming-liquefied-gas-into-natural-gas
Extended the consultation, not the request for proposals BTW = ; o)
https://northafricapost.com/53289-morocco-can-do-without-algerian-gas.html