RE: Morocco: Sound Energy thinks big5 May 2021 12:08
As it prepares to launch the marketing of liquefied natural gas (LNG) no later than 2023, the English company Sound Energy aims to become the second largest supplier of the national LNG market alongside Algeria.
Holder of an exploration permit for the Tendrara gas field, Sound Energy, after the marketing of natural gas that it is preparing to launch by 2023 at the latest, intends to build a liquefaction plant that will provide by 2025, some 100 million M3 / year, or 9% of Morocco's annual LNG needs. The information is reported by Medias24 from a well-informed source, also signaling that the English company will be able to exploit the potential of the Tendrara field with the confirmed reserves of TE-5, TE-6 and TE-7 wells.
According to an expert consulted by Medias24, since the signing of the exploration contract in 2018 with ONHYM, the company has carried out several technical and environmental studies with a view to meeting part of Morocco's gas needs over the 2025-2030 period. . "After a phase of exploration and confirmation of reserves, Sound Energy will finally be able to sell the gas," explains the expert, noting that some confirmed wells are already ready to produce natural gas to be liquefied.
According to this, Sound Energy is almost ready to market gas but opts at the current stage, for the diversification of the gas supply of power stations supplied 100% by Algeria. "It is in reality Spain and Algeria which provide the Kingdom by remunerating it in kind to settle the amount of the transport by gas pipeline". Following on from power plants, Sound Energy is focusing on the local industrial market that needs natural gas for fuel or power, it is reported.
In its meticulous policy of conquering the market, the operating company has signed with the Italian “Italie Fluides” to liquefy the gas and a liquefaction plant will be built near the Tendrara field to be able to deliver it at a temperature of minus 160 degrees Celsius, this in the absence of a pipeline to transport the gas to various remote regions of Morocco. Once liquefied, the product will be distributed by trucks from the Afriquia company, which has signed a distribution contract.
If the Moroccan Ministry of Energy and Mines estimates at 1.1 billion cubic meters, the annual gas requirements for the period 2025-2030, Sound Energy, which has signed for 25 years, plans if necessary, to multiply the drilling in order to meet national needs which should increase to 1.7 billion cubic meters of gas in 2030 and 3 billion in 2040.