Morocco’s Sound Energy Focuses on Tendrara Gas Project Amid Tax Disputes

This is particularly for the company to now focus on its gas liquefaction project discovered in Tendrara, said Sound Energy CEO Graham Lyon, recalling that the project is still compromised due to the tax problems that could be resolved from next month.

During a media outing, the CEO stated that with its partners, his company is able to create the first methane liquid transport ecosystem that will be intended for the energy needs of the Moroccan industrial market.

In this wake, the official stressed the bottlenecks, in particular the tax dispute that opposes him with the State. Lyon said he hopes the case will be resolved quickly, but warned that it could "drag on", which means that Sound Energy could slow down the future development of Tendrara.

Discussing Morocco’s gas potential, the official said "we have a lot of exploration potential, maybe 30 different sites where we could consider drilling. If only 10% are successful, we would be able to meet Morocco’s national gas demand".

And to add that the kingdom was extremely underexplored. "We are sitting on reservoirs with a similar geology to Algeria. I’m sure we’ll succeed in this project, if we undertake it". New gas discoveries in Morocco could also be used to supply Spain.