Rabat - CEO of Shell Group, Dick Benschop, expressed this Friday the group's interest to invest in Morocco's liquefied natural gas plan.
Rabat – CEO of Shell Group, Dick Benschop, expressed this Friday the group’s interest to invest in Morocco’s liquefied natural gas plan.
Benschop who held a meeting with minister of energy, mining, water and environment, Abdelkader Amara, welcomed the plan as a tool to obtain the needed infrastructure for natural gas containing, re-gasification, transportation and use in electric and industrial production.
The Shell Group CEO also expressed willingness to share with Morocco the group’s expertise to develop LNG in Morocco.
Introducing LNG in Morocco requires an investment of 4.6 billion dollars, to be mostly provided by national and foreign institutional and private investors.
Morocco intends to build a NLG terminal in Jorf Lasfar, as it has been recommended by studies.
The liquefied gas will be carried to other sites through a projected 400 km-long gas pipeline to be connected to electric plants.
At a first stage, the Kingdom will be using “gas for energy” in order to meet the electricity needs, before starting to use gas for industry and supply industrial users, including refineries and the phosphates industry.
Morocco expects energy demand to grow annually by 6.1 pc between 2014 and 2016.
MWN with MAP