Chariot-Vivo Energy Ink Deal for Gas Distribution to Morocco’s Industrial Sector

Chariot Limited Transitional Energy Company entered into a partnership agreement with Vivo Energy to develop a network for the distribution of natural gas to industrial customers in Morocco, as reported by Chariot.
The alliance aims to implement a gas-to-industry enterprise in Morocco through the development of marketing and commercialization of natural gas for distribution to industrial clients, as well as to establish a jointly owned special-purpose vehicle for the purchase, transportation, and distribution of natural gas to end-users.
It also endeavors to implement a long-term gas marketing agreement for a portion of future gas production from the Anchois Gas Development Project.
“We are delighted to be partnering with Vivo Energy, a company that has an extensive footprint in Morocco and the African continent, to develop and deliver a long-term supply of natural gas across the rapidly growing industrial sector in the country,” crowed Chariot CEO Adonis Pouroulis.
“Further development of the country’s mid-and-downstream infrastructure will also facilitate the distribution and increased use of this important domestic resource over the long term as the industrial gas markets continue to mature,” added Vivo Energy CEO Stan Mittelman.
Chariot is an Africa-focused transitional energy conglomerate with three business streams: Transitional Gas; Transitional Power; and Green Hydrogen.
Vivo Energy operates and markets its products in countries across all regions of Africa and has a network of over 2,600 service stations in 23 countries operating under the Shell and Engen brands, and exports lubricants to several other African nations.