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/
This webinar will walk the audience through a methodology for developing risk-adjusted plans, leveraging remote collaboration techniques for disparate and socially distanced teams. This next-generation risk management approach is already proving itself on numerous oil and gas CAPEX projects. Find out why InEight expects the trend of risk-adjusted scheduling adoption to continue. Register for free today »