Energy Headlines Morocco

Sound Energy Starts Commissioning Gas at Morocco Tendrara, Marking Entry of First gas in Gathering System

British Sound Energy Company has announced the start of the initial gas commissioning activities at Tendrara Production Concession, affirming that first gas has entered the gas gathering system (“GGS”) in preparation for long term gas production into the micro-LNG plant. Sound Energy retains a 20% equity interest in the Tendrara Production Concession operated by Mana […]

Business Emerging Markets Energy Europe Headlines International Morocco

British firms launch joint venture to tap Morocco’s hydrogen potential

British geoscience company Getech and energy transition firm Sound Energy have established a joint venture to explore Morocco’s untapped natural hydrogen and helium reserves, positioning the North African kingdom at the forefront of emerging clean energy technologies. The newly formed HyMaroc Limited will focus on discovering and developing underground deposits of these critical resources, following […]

Energy Europe Headlines International Morocco

Sound Energy announces extension of agreements with ONEE & Attijariwafa Bank

The British Sound Energy company announced on Wednesday the extension of its “Gas Sales Agreement” (GSA) sealed with ONEE (Office National de l’Electricité et de l’Eau Potable) and Attijariwafa bank funding deal until 31st December 2023. Executive Chairman of the company Graham Lyon) said: “various elements within the GSA are being amended to meet the […]

Energy Finance Headlines International Morocco

Sound Energy receives financing from Attijariwafa Bank for gas field project in Morocco

Sound Energy PLC on Wednesday said that Casablanca-based Attijariwafa offered to finance the second phase of its development of the Tendrara production concession in Morocco. The London-based Morocco-focused upstream gas company said Attijariwafa offered up to around $237 million, subject to conditions being met before the end of September. The funding includes a 12-year term […]

Business Energy

Sound Energy, ONHYM sign connection agreement to Maghreb-Europe gas pipeline

Sound Energy, the Moroccan focused upstream gas company and holder of the Tendrara gas concession, announced this Tuesday that it has concluded an agreement with l’Office National des Hydrocarbures et des Mines (ONHYM) to connect to the Maghreb-Europe gas pipeline (GME). This agreement marks another important step towards the effective entry into force of the […]

Energy Headlines Morocco

Morocco’s Power Company Secures 10-Year Gas Supply, Watering-down Algeria’s Blackmail

Morocco’s state-owned power Company ONEE (Office National de l’Electricite et de l’Eau potable) has signed a ten-year gas supply agreement with UK-based Sound Energy Company, ensuring continuous supply for two of its power stations in the Northern region. The deal enables the North African Kingdom to secure its energy sovereignty and security, while countering the […]

Energy Headlines Morocco

Sound Energy enhances its presence & operations in Morocco

UK Sound Energy Company announced Tuesday the completion of its acquisition of Schlumberger Silk Route Services Limited (SSRS), which holds a 27.5% participating interest in the Anoual and Greater Tendrara exploration permits in Eastern Morocco. Thanks to this transaction, Sound Energy will control operated working interests of 75% in the exploration permits and in the […]

Energy Headlines Morocco

Sound Energy signs 10-year LNG sales agreement with Afriquia Gaz

Sound Energy, Morocco-focused upstream gas company, has announced the signing of a binding 10 year LNG sales agreement with Afriquia Gaz for the Phase 1 development covering the sale of around 100 million cu/m of gas in a liquified form per year The company has provided this update in relation to the micro liquified natural […]

Energy Headlines Morocco

Sound Energy to supply 9% of Morocco’s gas needs- local media

UK’s Sound Energy will be in a position to supply 9% of total gas consumed in Morocco in a move that will reduce dependence on Algerian gas. Sound energy will start commercializing Tendrara (eastern Morocco) gas in about two years, Moroccan economy news outlet Medias24.com reported. Tendrara’s gas potential will help Sound Energy supply other […]

Energy Europe Headlines International Morocco

Sound Energy announce LNG distribution agreement with Afriquia Gaz

The British gas company Sound Energy, which plans to build a liquefied natural gas (LNG) micro-plant in Morocco, has announced that it has chosen Afriquia Gaz as its logistics and commercial partner.   The announcement was made in an interview with the English news website London South East by Graham Lyon, Executive Chairman at Moroccan […]