Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Morocco to shortlist 3 companies for LNG imports deal - minister

Tue, 06th Oct 2015 09:14

DUBAI, Oct 6 (Reuters) - Morocco expects to shortlist threecompanies for its new long-term contracts to import liquefiednatural gas (LNG) within the next two weeks, the country'senergy minister said on Tuesday.

Morocco is evaluating offers from Royal Dutch Shell as well as French, Spanish and American companies, and plans toimport 2 million tonnes of LNG a year starting 2020 as part ofthe first phase of its LNG import plan, minister AbdelkaderAmara told reporters in Dubai.

Morocco has launched an international tender seekingadvisers for its plan to boost liquefied natural gas (LNG)imports. The plan -- worth up to $4.6 billion -- includes theimport of up to 7 billion cubic meters (bcm) of gas by 2025, theconstruction of a jetty, terminal, pipelines and gas-fired powerplants. (Reporting by Maha El Dahan; writing by Rania El Gamal, editingby Adrian Croft)

Related Shares

More News
18 Jun 2024 08:20

Shell to buy Singaporean LNG firm Pavilion Energy from Temasek

(Sharecast News) - Shell said on Tuesday that it has agreed to buy Singaporean liquefied natural gas (LNG) firm Pavilion Energy from investment compan...

27 Oct 2022 07:30

Shell announces $4bn share buyback as Q3 profits beat expectations

(Sharecast News) - Oil giant Shell announced a $4bn share buyback on Thursday as it posted better-than-expected third-quarter profits.

21 Apr 2022 11:53

Shell turning to China to offload Russian business - report

(Sharecast News) - Shell is reportedly looking to China as it looks to offload its Russian business.

15 Feb 2022 15:54

Shell preparing to sell North Sea gas fields - report

(Sharecast News) - Shell is reportedly preparing to launch the sale of its stakes in two clusters of gas fields in the southern British North Sea, par...

7 Feb 2022 10:52

Berenberg nudges up target price on Shell

(Sharecast News) - Analysts at Berenberg slightly raised their target price on oil and gas giant Shell from 2,350.0p to 2,375.0p on Monday, stating th...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.