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On Thursday, the British exploration company Sound Energy announced that negotiations with the Moroccan authorities on the Tendrara Gas Sales Agreement (GSA) are continuing as desired. This GSA will cover all the gas that will be produced from the production concession recently awarded to Tendrara on the Moroccan coast.
“Positive discussions continue with the National Office of Electricity and Drinking Water (ONEE) and the Moroccan Minister of Energy about a gas sales agreement,” the company said in a statement of press release published on its website.
More and more questions are emerging about the level of progress of the talks. It should be noted that this GSA is a crucial step for Sound Energy and its partners in their efforts to make a final investment decision on this prolific perimeter of gas.
According to Sound Energy, the development of Tendrara has the potential to offer Morocco a new strategic source of domestic gas supply that will also reduce its dependence on Algerian imports.
In addition, it will offer the kingdom new gas transmission infrastructure in the east, infrastructure related to the Gas Pipeline Maghreb Europe (GME).