January 3, 2017 / 12:41 PM / 3 years ago

Morocco picks financial and legal advisers for LNG import plan

RABAT, Jan 3 (Reuters) - Moroccan state-owned power utility ONEE has picked HSBC Middle East Limited as financial adviser for its plan to boost its imports of liquefied natural gas (LNG), ONEE said in a statement on Tuesday.

It has also chosen the law firm Ashurst LLP as legal adviser for the same plan.

The HSBC contract is worth $7 million while Ashurst will earn around $2 million, the statement said.

The entire project, worth up to $4.6 billion, includes the import of up to 7 billion cubic metres (bcm) of gas by 2025, the construction of a jetty, terminal, pipelines and gas-fired power plants. (Reporting by Aziz El Yaakoubi; Editing by Adrian Croft)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below