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Morocco plans to launch a tender this summer to build a floating liquefied natural gas (LNG) terminal at the port of Nador West Med in the northeast of the country, the energy ministry's oil and gas chief said on Friday.

The ministry expects a financial close in 2025, with construction, commissioning and commercial operations planned for 2026, Abdelghafour El Hadjaoui said in a presentation seen by Reuters.

The LNG terminal will be connected to an existing pipeline that allows Morocco to import 0.5 billion cubic meters of LNG per year from Spanish terminals, which is enough to power two small power plants.

Morocco also plans to connect the same pipeline to developing gas fields in the east and west of the country. According to the ministry's estimates, Morocco's natural gas needs should increase from the current 1 billion m3 to 8 billion m3 in 2027.

Nador West Med is a deep-water port under construction with a planned capacity of 3.5 million containers.

https://africanmanager.com/le-maroc-va-lancer-un-appel-doffres-pour-un-terminal-gnl-flottant/

Whale of a trade must be due to the TUI share removal & settlement from the FTSE250 index. Wow !! Blue sky from here on :-)

Fair enough Masimara, I am no expert on listing transfer strategies, nor their successes.

What I am thinking is that we are near the bottom on the pendulum with all FTSE250 index funds & trackers legally obliged to sell their UK TUI shares recently, whilst in a few weeks all MDAX index funds & trackers will be legally obliged to buy TUI.AG shares, within a short time frame. And maybe 10-20-30 ? M€ saved per year in costs from dual listings & all that entails. Plus 77% liquidity going up to 100% might slow the shorters/traders. GLA, DAB

Better news: UBS raises Tui price target to 660 (644) pence- 'neutral'

Worse though expected news & part of our recent selling weakness, (though the upcoming MDAX listing will more than compensate for a FTSE250 listing loss).

Tui AG - Hannover, Germany-based travel company - To be deleted from FTSE 250 index and replaced by Brunner Investment Trust PLC. Change is with effect Monday, index operator FTSE Russell says. Tui shareholders in February backed a motion to delist from London, while upgrading to a prime standard listing in Frankfurt. The shares began trading on the prime standard segment of the Frankfurt Stock Exchange last month. FTSE Russell notes Tui will effect a nationality change from UK to Germany within the FTSE Global Equity Index Series.

Permanently Poisonous, could you please post to us fledglings, the MoroccoWorldNews article & link posted Sat 25th May 2024, that you claim KOz so erroneously replied too. Maybe he was fooled by our "J"Anus"James" 1400m depth predictions or worse still The Bald Faced's 2000m, 4 weeks drill time, by 2.

You guys should really co-ordinate your strategies in advance & stick to your all lies !!!! :-)

IJWT, with the news leaks by Friday trading, its probable that SV101 is already on "a road to somewhere" :-) but then I am just an other Talking Head !

My latest best guess for MOU5 site, is the cement/gravel compound, 2.4km SE of MOU4.

Surety, the real market manipulation was the obvious leak of market making info for Friday trading, pre RNS. FYI, the Morocco World News "Chariot Gas Discovery" has now disappeared. GLA, DB

Ianfer, you are right about Chariots 75% Loukos Onshore, at least according to Chariot's own website:

LOUKOS ONSHORE

The Loukos Onshore licence, covering an area of 1,371km², is adjacent to Chariot’s Lixus and Rissana offshore licences; it is also the location of the planned Anchois processing facility and pipelines.

Chariot operates the block with 75% interest and is performing a detailed evaluation on existing modern 3D seismic data of 150 km² and previously drilled on-block wells. Work has led to the identification of an overlooked, shallow, conventional gas play, which:

SK, are you not aware that Wizz & TUI have greatly increased their partnerships recently ? Maybe its partly TUI's new lower cost flight "sub contractor" that is assisting Wizz's numbers, leaving TUI with the much higher margin hotel, cruise & tours.

That's at least Soc Gens 2nd 0 to 5 % & 5 to 0% recently, among others. They have a large trading desk, ala, Kerviel. At least my Soc Gen shares are doing much better and a 4% divi next week.

Revenue up 30% & passengers 21%, strong next 2 quarters !!!

I expect O'Leary was just rattling the competitions cages, as usual. GLA.

https://www.ii.co.uk/news/wizz-air-swings-to-annual-profit-as-revenue-and-passenger-numbers-rise-al1716455371866796200

Scroll to 2nd line of speakers:

Mr Malcolm Graham-Wood, Oil & Gas Advisor, Owner Malcy's Blog, Hydrocarbon Capital

https://www.in-vr.co/morocco-oilandgas?utm_campaign=3rd%20Morocco%20Oil%20%26%20Gas%20Summit%20and%20Exhibition%202023&utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz-_xJS1zTn0rDcV60IWiPWj4rJohnPIyAZJMwUiQxZ64KlB-mfpwzeGXyJC7p7NyKo3-lLea

Malcolm has also served as a director of a number of companies over his career and is available as a non-executive director as and when required.

https://www.hydrocarboncapital.co.uk/team/

The Bald, you seem to have totally forgotten the answer to Q 1. You posted at least twice on that very subject only very recently over on Predator :

8 Mar : Re-Star Valley Rig : CHAR have a 50-60 day campaign, 5 days in.. SOU now state the rig is going to them for setting completions after CHAR … So where does this put us ?

3 May 2024 : Because the SOU Bod said only 2 days ago, that the rig is going to tendara for setting completions after current operation, current operation is now CHAR and will be for 50-60 days..

Mary, overall very good numbers.

They do seem a little "loose" on their quoted net debt numbers, Q1 5.3 B to 4.0 B, but now Q2 4.2B to 3.1B, if its a -1.1B, but then what's 0.2 Billion Euros between friends :-)

Looks like another credit upgrade soon, with these levels of debt reduction in the winter seasons & dividends cant be too far away.

From Private Tesla over on PRD:

"The Joint Committee on Environment and Climate Action will meet tomorrow, Tuesday, 14 May, to discuss the finalisation of the draft National Energy and Climate Plan (NECP) and national Long term Strategy (nLTS)."

This should also finalise their approach on energy security and the role natural gas will play in that.

https://www.oireachtas.ie/en/press-centre/press-releases/20240513-joint-committee-on-environment-and-climate-action-to-discuss-draft-national-energy-and-climate-plan-and-national-long-term-strategy/

Just hope none of our trolling traders get caught with their shorts down :-)

Https://www.reuters.com/business/royal-caribbean-recruiting-thousands-meet-surging-demand-sources-say-2024-05-07/

Salut Timetoretire, yes, very much agreed, The Bald Faced & Co-Conspirators are not only 850 m underwater & 40 km offshore, they could be much better off investing in their own agricultural fertilizer business, instead of their mostly fake prognostications, against the technically far superior Predator Guercif prospects.

Good Luck to all true LTH's , Donal B

High to Low - 18 % down during the last month !

High to Low - 51 % down this last year !

High to Low - 69 % down these 2 years !

High to Low - 96 % down from all time highs !

Zero flow tests ever, ever, ever in Morocco ! And big wells as underwater as its share price.

Some example for the Bald Faced & Co-Conspirators to follow or try boast to about.

Beetroot, a few small points.

You must have a very expensive broker, if they are charging you 1.5% on currency conversions. Typically, I have paid 0.4 to 1.0 % for smallish sums over the years. Its also a much better idea to keep a € sub-account & probably a $ sub-account, if you trade often, if your broker allows that.

As for capital gains, that would only be a UK issue (if you are UK resident), however if we do have future dividends (chance would be a fine thing:-), our German cousins would take a 25% dividend withholding tax, that can be claimed back, but may not be worth the bother for most of us.

Hope that helps, GLA, DAB