Morocco picks financial and legal advisers for LNG import plan
1/3/2017
RABAT (Reuters) -- Moroccan state-owned power utility ONEE has picked HSBC Middle East Limited as financial adviser for its plan to boost its imports of liquefied natural gas (LNG), ONEE said in a statement on Tuesday.
It has also chosen the law firm Ashurst LLP as legal adviser for the same plan.
The HSBC contract is worth $7 million while Ashurst will earn around $2 million, the statement said.
The entire project, worth up to $4.6 billion, includes the import of up to 7 Bcm of gas by 2025, the construction of a jetty, terminal, pipelines and gas-fired power plants.
Reporting by Aziz El Yaakoubi; Editing by Adrian Croft
Sign up to Receive Our Newsletter
- Cheniere signs deal with Bechtel to expand U.S. LNG export capacity
- TC Energy approves $1.5-B Columbia Gas expansion after profit tops estimates
- Baker Hughes’ fuel flexible NovaLT™ 16 gas turbine certified by RINA for marine propulsion
- Commonwealth LNG FID attracts global syndicate of leading banks
- Dozens injured, 18 missing after blast during restart at giant Qatar LNG site
Comments