LONDON, UK: Chariot Limited, the Africa focused transitional energy group, introduced that collectively with its partner the Office National des Hydrocarbures et des Mines (ONHYM), it has agreed key principles for lengthy run gas gross sales from the Anchois Gas Project with the Office National de l’Electricité et de l’Eau Potable (ONEE).
Anchois Gas Project is found inside the Lixus Offshore licence (Lixus), offshore Morocco in which Chariot holds a 75% curiosity and operatorship, alongside ONHYM which holds a 25% interest.
Key principles include:
- Sales of as much as 0.6 BCM per year (c. 60 mmscf per day) on a take or pay foundation for a minimal of 10 years with gas to be delivered via the Maghreb-Europe Gas Pipeline.
- Secures direct, home present for Morocco’s existing and potential longer time period gas energy plant infrastructure.
- Framework and timetable in place to conclude the gas gross sales agreement (“GSA”).
With the preliminary key principles now agreed, the Parties will proceed discussions regarding Anchois with a view of concluding the binding gas gross sales agreement. Whilst there is no assure that these principles will be turned right into a fully termed GSA, the events are progressing with the subsequent stage of documentation. The Company will present additional updates as required.
Mrs Amina Benkhadra, General Director Office National des Hydrocarbures et des Mines: commented: “Agreeing these key principles is indicative of our dedication to the event of the Anchois gas field. We are happy to be working in partnership with Chariot on this asset which has the potential to ship a vary of advantages to the country.”
Mr Abderrahim El Hafidi, General Director, Office National de l’Electricité et de l’Eau Potable commented: “The Anchois gas project will be an important supply of home pure gas that will initially feed directly into ONEE’s energy plants via the Maghreb-Europe Gas Pipeline. We have an curiosity to conclude this gross sales settlement and for Anchois to proceed to progress towards production.”
Adonis Pouroulis, CEO of Chariot Limited added: “This is a notable step ahead for us in our journey towards gas manufacturing and underpins the project development plan and financing. I would like to thank ONEE and ONYHM for his or her ongoing support, and we glance ahead to persevering with to work collectively to bring this important pure gas present onstream and into the Moroccan market as quickly as possible.”