Morocco: ONEE selects advisers for LNG-to-power project

Morocco: ONEE selects advisers for LNG-to-power projectPort Jorf Lasfar (Image courtesy of the National Ports Agency)

Morocco’s power utility ONEE informed it has selected advisers for the development of the country’s LNG-to-power project.

According to ONEE, HSBC Middle East has been selected as the financial adviser under a contract worth US$7 million, while the law firm Ashurst has been chosen as the legal advisor on the project. The legal contract is worth €1.9 million (Approx: $1.97 million).

Morocco is looking to diversify its sources of fuels supply, mainly through increasing the share of natural gas in its energy mix.

The country’s LNG-to-power project includes the construction of the marine jetty at Jorf Lasfar, as well as the LNG import terminal, including the LNG storage, the utility said in an earlier statement.

Morocco intends to connect natural gas pipelines to the combined cycle power plants and eventually the natural gas underground storage facilities.

A high-pressure gas pipeline will be built to connect the LNG terminal to the existing Maghreb-Europe high-pressure gas pipeline. Regasified LNG will be fed to combined cycle power plants capable of producing 2400 MW of electricity.

The project cost is estimated at $4.6 billion and would enable Morocco to start importing up to 7 billion cubic meters of gas by 2025.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Jul 2017 >>
MTWTFSS
26 27 28 29 30 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6

International Gas Cooperation Summit (IGCS)

The International Gas Cooperation Summit (IGCS) is a platform for South Africa’s aspirations to build an energy hub for gas cooperation…

read more >

Bunkering Week 2017

IBC’s biennial Bunkering Week is back with its successful series of 3 co-located events…

read more >

03rd OIL & GAS TANZANIA 2017

After a successful Oil & Gas Exhibition in 2016, Expogroup is all set for the 6th OIL & GAS AFRICA 2017…

read more >

LNGgc London

Attend LNGgc London this year, the flagship event of the international LNGgc series.

read more >