- Morocco entered into a gas supply agreement with Sound Energy after the Algerian government decided to terminate the Maghreb Europe pipeline.
- The energy company noted that the main civil work of the LNG tank foundations was completed and tested in early 2023.
British energy firm Sound Energy announced that its micro-liquefied natural gas (LNG) project at the Tendrara production concession in Morocco will generate its first revenues in early 2024, marking a major milestone for the company. The London-listed company issued a press release unveiling its audited final results for 2022, emphasizing that phase 1 LNG delivery is planned to start in 2024.
The energy company noted that the main civil work of the LNG tank foundations was completed and tested in early 2023. The company’s Executive Chairman, Graham Lyon, highlighted that 2022 was a year of “real tangible progress” for Sound Energy, with the micro-LNG development at Tendrara contracted set to deliver “maiden revenues” in early 2024.
The UK’s Sound Energy highlighted that the Grand Tendrara exploration permits’ first “complementary period” has begun, though ministerial approval is still pending. The company also announced an extension of the Sidi Moktar and Anoual exploration permits for another year, noting that the decision is still subject to ministerial approval. Lyon emphasized that the company has had a “positive working relationship” with ONHYM, the ministry, and various contractors in Morocco.