Business
Eastern Morocco Update
Eastern Morocco Update.
About this update from Sound Energy Plc
[{"type":"text","content":"\n \n \n RNS Number : 9783G\n Sound Energy PLC\n 20 March 2020\n \n \n \n \n 20 March 2020 \n \n \n \n \n \n Sound Energy plc\n \n \n (\"Sound Energy\" or the \"Company\")\n \n \n \n \n \n Eastern Morocco Update \n \n \n \n \n \n Sound Energy, the Moroccan focused upstream gas company, is pleased to provide the following Eastern Morocco update, confirming receipt of a further Environmental Impact Assessment (\"EIA\") approval and land corridor rights in respect of the Tendrara Gas Export Pipeline (\"TGEP\"). \n \n \n \n \n \n EIA of the gas treatment plant and compression station (including liquefaction)\n \n \n \n \n \n On 17 February 2020 the Company announced its plan to pursue the first phase of TE-5 Horst development at the Tendrara Production Concession (the \"Concession\") via a micro liquified natural gas (\"LNG\") production plan. Negotiations are ongoing with equipment providers for the LNG production facility solution and with industrial customers and distributors in relation to a gas offtake agreement. \n \n \n \n \n \n The Company is pleased to announce that it has now received the EIA approval from the Moroccan Ministry of Energy, Mines and Environment related to the building of the proposed gas treatment plant and compression station (\"CPF\") at the Concession, including the option for gas liquefaction. Receipt of the CPF EIA approval follows meetings of the National Committee from the Moroccan Ministry of Energy, Mines and Environment to review the CPF EIA held on 10 October 2019 and 28 January 2020 and receipt of EIA approval for the 120km TGEP connecting the proposed CPF to the Gazoduc Maghreb Europe pipeline (\"GME\"), as announced by the Company on 13 January 2020.\n \n \n \n \n \n Inclusion of gas liquefaction within the CPF EIA approval enables the LNG development planned as Phase 1 of the Concession field development plan, with the TGEP led full field development of the Concession following as Phase 2. \n \n \n \n \n \n Tendrara Gas Export Pipeline corridor rights\n \n \n \n \n \n The Company continues to progress the TGEP led full field development of the Concession alongside the LNG production strategy and advises that, following discussions with representatives of Morocco's Ministry of Interior and of the Forestry ...