Moroccan experts say kingdom is ‘one step away from joining the club of natural gas exporters’ after UK group Sound Energy receives green light from Moroccan government to assess environmental impact of new 120 km oil pipeline, which should link Morocco to Europe.
Negotiations between the two sides over the long-term operation of the 50-meter diameter pipeline are expected to continue until the end of March.
The preliminary meetings between Sound Energy and the National Office of Electricity and Drinking Water, led to the signing of a memorandum of understanding detailing the conditions of acquisition of natural gas for the commissioning of the electric power plants.
With a stock of 20 billion m3, discovered over an area of 14,500 km² in the Tendrara region, Sound Energy plans to start production of natural gas from the year 2021.
For his part, Aziz Rebbah, Minister of Energy and Mines, had announced, during a television program, that the forecast quantity of natural gas in Morocco will cover 40% of the country’s needs over a period of 10 years.