LNG

Morocco is advancing plans for an LNG import terminal and integrated 1.2 GW gas power plant at the Nador West Med Port. At the heart of the hub is a FSRU, initially sized at around 0.5 bcm/year, currently under tender and expected to start operations in late 2026 or early 2027.

SDX Energy Inc., the UK-listed oil and gas company, has made its third successive onshore natural gas discovery in Morocco as the North African country pursues an LNG import project to improve gas availability for industry and power.

Nov 21 (LNGJ) - SDX Energy, the exploration and production company listed in London and Toronto and with recent drilling successes in Morocco, a potential LNG importer, posted third-quarter revenue of $10 million compared with $2.1M in the same three months of 2016. Nine-month revenue was $28.2m versus $7.6M in 2016. “This has been one of the company’s strongest quarters yet,” said SDX Chief Executive Paul Welch. “We announced a successful $10 million fundraise during the period, which allows us to accelerate our drilling programmes in Egypt and Morocco. We have made an excellent start to the Morocco drilling campaign, announcing two discoveries from the first two wells,” added the CEO.

SDX Energy, the UK-listed exploration and production company, has made a second natural gas discovery in Morocco as its operations “build real momentum” in the North African kingdom that is a net importer of energy and is preparing to join the ranks of global LNG importers.

SDX Energy, the UK-listed exploration and production company, said it had made a natural gas discovery in Morocco, the North African kingdom that is a net importer of energy and is preparing to join the ranks of global LNG importers.

Morocco is hoping to join the ranks of global liquefied natural gas importers after its national power and water company appointed international financial and legal advisers for the development of LNG and power infrastructure to meet the North African kingdom's rising energy needs.