Chariot Ltd - Devon, England-based transitional energy company focused on Africa - Signs a pipeline tie-in agreement with the Office National des Hydrocarbures et des Mines securing access to Maghreb Europe gas pipeline in Morocco. The pipeline, which is owned and operated by ONHYM, runs from eastern Morocco through to Tangiers and across to Spain. Says the agreement will enable the gas produced from the Anchois gas project, offshore Morocco, to be transported via the GME to different potential offtakers.
Pierre Raillard, Chariot's head of Gas business & Morocco country director, comments: "This moves Chariot a step closer towards delivering first gas from the Anchois gas field to potential customers using the GME pipeline.
"The Anchois gas project is a highly strategic asset given the continued volatility of global energy markets and combined with its proximity to the international GME pipeline, we are well placed to bring gas online as quickly as possible."
Current stock price: 19.36 pence, up 3.5% in London on Wednesday
12-month change: more than tripled from 6.21p
By Sophie Rose; sophierose@alliancenews.com
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Chariot (CHAR)