Sound Energy Receives Approval for Moroccan Pipeline
Sound Energy PLC has received environmental impact assessment approval from the Moroccan government to build and operate a 120km gas pipeline.
The upstream gas company said that it is also close to securing authorization to construct a gas treatment plant in Morocco. “The company advises that the environmental impact assessment related to the proposed gas treatment plant and compression station is progressing well,” Sound Energy said in a statement.
The gas pipeline will connect the proposed gas plant to Europe’s Gazoduc Maghreb pipeline, which runs through Morocco. The existing pipeline, operated by Algeria’s state-owned Sonatrach and Spain’s Enagas SA, also links the Hassi R’Mel gas field in Algeria, to Cordoba in southern Spain.
Additionally, the deadline for gas sales agreement negotiations with Morocco’s state-owned power utility, for Tendara, Sound Energy’s natural gas concession in eastern Morocco, has been extended until the end of March.
“The company believes that the developments are important milestones in the process of developing and commercializing the Tendara Concession and as the company progresses towards the final investment decision for the concession,” Sound Energy said.