Renewable Energy: SDX Company Adopts New Strategy Focusing on Morocco

SDX Energy Company unveiled on Monday a new strategy focusing on its growing operations in Morocco becoming a strategic regional player in the energy transition.
In its new roadmap, SDX said it has decided to divest its Egyptian assets and move away from a pure oil & gas business into an integrated, hybrid energy-provider in the North African Kingdom.
The London-based Company will maintain its upstream Moroccan gas assets and continue to produce natural gas, selling it to offtakers. It will also extend its existing gas transportation infrastructure to enable gas imports from Spain, via the Maghreb-Europe Gas Pipeline – expanding gas supply to Morocco’s Kenitra region.
The Company also intends, in the medium-term, to expand into renewable power generation – leveraging its strong gas offtaker base for a commercially compelling cross-sell of gas and green electricity.
SDX CEO Daniel Gould said : “the new strategy will help the company to deliver long-term, sustainable value-creation – unlocking new business directions and project opportunities.”
“With a series of exciting opportunities in Morocco, SDX has begun repositioning itself corporately and operationally and I am looking forward to steering the Company towards a prosperous future for its shareholders”, underlined Mr. Gould.