In addition to this, Reuters reports that, for the same plan, ONEE has chosen Ashurst LLP as the legal adviser.
Reportedly, the contract with HSBC is worth US$7 million. Ashurst, meanwhile, is set to earn approximately US$2 million.
Overall, Reuters reports that the project is worth up to US$4.6 billion. The project includes the import of up to 7 billion m3 of gas by 2025, as well as the construction of gas-fired power plants, a jetty, a terminal and pipelines.
Read the article online at: https://www.lngindustry.com/regasification/04012017/moroccan-power-utility-selects-legal-and-financial-advisers-for-lng-import-plan/