LNG

Morocco is moving ahead with plans for a floating storage and regasification unit (FSRU) and several more FSRUs in the future as part of an expansion in natural gas imports amid hopes of more production of gas from discoveries onshore and offshore the North African kingdom.

Qatar Petroleum, the leading liquefied natural gas producer, has signed an agreement to acquire a stake in 12 exploration blocks offshore Morocco as the Gulf nation continues to increase its international exploration and production activities.