Morocco: Sound funding
Issue 353
- 15 Sep 2017
| 1 minute read
Sound Energy has received a proposal from Advisory & Finance Group Investment Bank (AFG), which is fund manager to Sound’s Morocco partner OGIF, to fund a pipeline linking Tendrara to the Gazoduc Maghreb Europe (GME) pipeline. The indicative, non-binding commercial proposal is for the provision of funding to cover the construction cost of the Tendrara Gas Export Pipeline (TGEP) of between $60m (the estimated cost of a 12-inch pipeline) and $100m (for a 20-inch pipeline).
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