Chariot Energy has announced, with its state-owned partner ONHYM, that it has agreed on key principles for long-term gas sales from the Anchois Gas Project (Near Larache city) with Morocco’s electricity and drinking water Office (ONEE).
According to the company’s press release, the Key principles include: sales of up to 0.6 BCM per year (c. 60 mmscf per day) on a take or pay basis for a minimum of 10 years with gas to be delivered via the Maghreb-Europe Gas Pipeline, direct and domestic supply for Morocco’s existing and potential longer-term gas power plant infrastructure, and framework and timetable in place to conclude the gas sales agreement (GSA).
Amina Benkhadra, ONHYM Head said that “agreeing on these key principles is indicative of our commitment to the development of the Anchois gas field. We are pleased to be working in partnership with Chariot on this asset which has the potential to deliver a range of benefits to the country.”
Adonis Pouroulis, CEO of Chariot Limited added that “this is a notable step forward for us… we look forward to continuing to work together to bring this important natural gas supply onstream and into the Moroccan market as quickly as possible.”
Chariot is an African-focused transitional energy group with three business streams, Transitional Gas, Transitional Power and Green Hydrogen.