The British gas company Sound Energy, which retains 20% of the Tendrara exploitation permit and 27.5% of the Grand Tendrara and Anoual exploration permits, has big ambitions.
Morocco will produce liquefied natural gas for the first time by the end of 2025, announced Graham Lyon, CEO of the British company Sound Energy, holder of an exploration permit for the Tendrara gas field.
The British company in charge of exploiting the Tendrara gas field, Sound Energy, indicates that the first revenues generated by this project should be perceived as early as 2024. The company is working closely with the National Office of Electricity and Drinking Water (ONEE) to carry out this exploitation.
Morocco has significant gas reserves that can guarantee its energy security and bring significant revenue to the national economy, according to Sound Energy.
The British gas company Sound Energy announces that it has appealed to the administrative court to challenge the tax reassessment carried out in 2020 by the General Tax Administration, which claimed $2.55 million in taxes from it.
Discussions between the British gas exploration company Sound Energy and Attijariwafa Bank regarding the loan financing of the Tendrara (Morocco) gas project are making significant progress.
The British gas exploration company Sound Energy is considering renewing its exploration contract in Morocco, in order to continue its drilling in Tendrara and research in Sidi Mokhtar.
The British gas exploration company Sound Energy has expressed concerns following the confirmation of a decision by the Moroccan tax authorities. It fears a risk of compromising the progress of its activities in Morocco.
The British gas exploration company Sound Energy is making significant progress in the context of phase 2 of the Tendrara production concession and announces good prospects.
The British gas company Sound Energy announces that it has lost its lawsuit against the General Tax Administration, which had claimed $2.55 million in taxes from it after it bought Schlumberger’s assets in Morocco. The company intends to appeal.
The British gas exploration company Sound Energy has announced that it has raised £4 million to primarily finance the work on Phase 2 of the Tendrara pipeline.
Morocco has a strong potential for natural gas, whose attractiveness is constantly increasing. Graham Lyon, executive chairman of Sound Energy, assures that everyone now wants Moroccan gas.