Chariot Limited has announced that along with its partner the Office National des Hydrocarbures et des Mines (ONHYM), it has agreed key principles for long term gas sales from the Anchois Gas Project with the Office National de l’Electricit\u00e9 et de l’Eau Potable (ONEE). Anchois is located within the Lixus Offshore licence, offshore Morocco in which Chariot holds a 75% interest and operatorship, alongside ONHYM which holds a 25% interest.<\/p>\n
Key principles include:<\/strong> Mrs Amina Benkhadra, General Director Office National des Hydrocarbures et des Mines
\n\u2022 Sales of up to 0.6 BCM per year (c. 60 mmscf per day) on a take or pay basis for a minimum of 10 years with gas to be delivered via the Maghreb-Europe Gas Pipeline.
\n\u2022 Secures direct, domestic supply for Morocco\u2019s existing and potential longer term gas power plant infrastructure.
\n\u2022 Framework and timetable in place to conclude the gas sales agreement (\u201cGSA”).
\nWith the preliminary key principles now agreed, the Parties will continue discussions regarding Anchois with a view of concluding the binding gas sales agreement. Whilst there is no guarantee that these principles will be turned into a fully termed GSA, the parties are progressing with the next stage of documentation.<\/p>\n
\ncommented:
\n\u201cAgreeing these key principles is indicative of our commitment to the development of the Anchois gas field. We are pleased to be working in partnership with Chariot on this asset which has the potential to deliver a range of benefits to the country.\u201d<\/em><\/p>\n