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Sound Energy begins talks for sale of LNG

The British company announced on Monday June 29 that it had entered into exclusive negotiations with a Moroccan conglomerate for the sale of liquefied natural gas from the TE-5 Horst well located in the Tendrara deposit (North). The undisclosed conglomerate thus obtains exclusivity from the proposed gas sales agreement until the end of 2020, during which time it will try to finalize the agreement with Sound Energy.

Under the terms of this agreement, the British company must produce and sell gas to the partner for a period of ten years, ie 100 million m3 of standard gas per year. The partner himself will agree to accept or pay a minimum annual quantity of 90 million m3 of gas, at a price between 7 and 9 dollars per million British Thermal Units (BTU).

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