Skip to main content

Moroccan power utility selects legal and financial advisers for LNG import plan

Published by
LNG Industry,


According to Reuters, ONEE – the Moroccan state-owned power utility – has selected HSBC Middle East Ltd as a financial adviser for its plan to increase LNG imports.

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/

You might also like

LNG Fuel 2020

LNG Fuel 2020

LNG Fuel 2020 is an online conference for professionals in the 'LNG as a marine fuel' sector. Since this is a completely virtual conference, you can join us from anywhere in the world, absolutely free. Register for free today »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

LNG import news


 

LNG Industry is not responsible for the content of external internet sites.