Opportunities

Morocco Readies Tender for $4.5B LNG Project

The country of Morocco will reportedly soon be requesting formal bids for a liquefied natural gas (LNG) project to be built in Jorf Lasfar.

The disclosure came from Energy Minister Aziz Rabbah while attending a recent energy conference in Marrakesh.

The project is part of a long-term plan by Moroccan state-owned power utility ONEE to boost imports of LNG into the country.  This one installation alone will make it possible to import an estimated 7 billion cubic meters of gas into the country by 2025. It is part of a diversification program to move away from a long-term dependence of the country on coal and oil.

The tenders will include construction of a jetty, terminal, gas-fired power plants, storage facilities and gas-fired power plants. Construction will take place at Jorf Lasfar, located on the Atlantic Coast. The site also happens to be near where Abu Dhabi National Energy Co. (TAQA) and state phosphate company OCP already are present.

The state-owned power utility ONEE has previously selected HSBC Middle East Ltd. as financial adviser for its overall strategies and tactical plans to bring increased imports of LNG into Morocco.

 

Exact dates for when the tender opportunity to build the Jorf Lasfar installation will become public have not been disclosed yet.