Morocco Seeks Financial Advisor for LNG Import Plan

Posted by Michelle Howard October 22, 2015

Morocco has launched an international tender seeking a financial advisor for its plan to boost liquefied natural gas (LNGLF) (LNG) imports, state-owned power utility ONEE said on Thursday.

ONEE said the last date for submitting bids for the tender is Dec. 9. It will open for bids that day at 10 am (0900 GMT).

The plan, worth up to $4.6 billion, includes the import of up to 7 billion cubic meters (bcm) of gas by 2025, along with the construction of a jetty, terminal, pipelines and gas-fired power plants with capacity to produce up to 2,400 megawatts (MW).

(Reporting by Aziz El Yaakoubi)