Sound Energy to sell gas to ONEE10 Jan 2020 13:39
The British exploration and production company Sound Energy has extended negotiations with the National Office for Electricity and Drinking Water (ONEE) for the sale of natural gas from the Tendrara concession until March 31 2020.
It was through the publication of a press release on January 2 that Sound Energy announced this modification to the memorandum of understanding signed on October 29, 2019 with ONEE.
This protocol relates to the sale of a total of 5 billion m 3 of natural gas from the Tendrara concession to ONEE, which should allow it to secure its supplies to power its power plants for ten years and generate, the 1 st year, 84 million for Sound Energy. Subsequently, the two parties no longer signed the sales agreement on December 31 as agreed. Hence, the extension of negotiations until March 31, 2020.
"Following an agreement in principle, the parties intend to conclude the amendment as soon as possible," said the press release from Sound Energy. As a result, the start of deliveries could be delayed.
In addition, the construction of a gas treatment station, a compression station (CPF) and a pipeline that will allow the transmission of gas from Tendrara to the delivery point of the Maghreb Europe gas pipeline located 120 kilometers away. must be effective before any delivery.
https://www.bladi.net/maroc-sound-energy-gaz,63166.html