• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Russia Says Europe Will Struggle To Replace Its Oil Products
  • 47 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 18 hours Reality catching up with EV forecasts
  • 7 hours Famous author Michael Crichton talks about the "Climate Change Religion" aka Feudalism 2.0
  • 6 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 11 days A Somewhat Realistic View of the Near Future for Electric Vehicles Worldwide
  • 12 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
China’s Reopening Has Been A Boon For Metal Markets

China’s Reopening Has Been A Boon For Metal Markets

Beijing’s Covid 180 has helped…

European Natural Gas Prices Surge Ahead Of Cold Spell

European Natural Gas Prices Surge Ahead Of Cold Spell

European natural gas prices are…

Morocco Prepares $4.6B Gas Project Tender

Morocco is preparing to launch a tender for a natural gas project worth US$4.6 billion, the country’s Energy Minister Aziz Rabbah said in a Bloomberg interview. The gas will be used for power generation, he added.

The project will involve the construction of a gas processing plant, Rabbah also said, noting that the government has already selected the financial and technical consultants for the undertaking.

Morocco has proved reserves of some 1.44 billion cubic meters of natural gas, according to the CIA World Factbook, with production at less than 100 million cu m as of 2015. There are hopes, however, that it could become an international player on the gas market. One UK company is so optimistic about Morocco’s natural gas production potential that it last year even started divesting from other locations to focus its attention on Morocco.

ADVERTISEMENT

Sound Energy said last October that it would focus exclusively on Morocco, where it has acreage with reserves estimated at 17 trillion cu ft of gas. The flagship field in the area is Tendrara, which is estimated to contain about 1 trillion cu ft of gas. Sound Energy’s partner in the Moroccan venture is Schlumberger.

Morocco is also a potential client of U.S. liquefied natural gas. At the end of last year, media slammed EPA chief Scott Pruitt for traveling to the North African country to promote U.S. LNG.

ADVERTISEMENT

With no significant crude oil reserves, Morocco is ahead of many more developed countries in terms of renewable energy. It is home to what will be the world’s largest solar power installation once completed: the Noor plant in the Sahara Desert. The plant has two phases already in operation, with a third on the way.

The combined capacity of Noor’s three phases will be north of 500 MW and the last one should be completed by the end of this year.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

ADVERTISEMENT


ADVERTISEMENT


Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News