SHEL

Shell to supply Morocco with LNG in 12-year deal

Credit: REUTERS/MAY JAMES

RABAT, July 14 (Reuters) - Shell SHEL.L will supply 0.5 billion cubic meters of liquefied natural gas (LNG) to Morocco under a 12-year deal, the North African country's energy ministry said on Friday.

The deal was signed by Morocco's electricity and water utility ONEE and Shell, the ministry said in a statement, without disclosing the financial terms of the transaction.

The gas will be shipped in the first years from Spanish ports using a gas pipeline that links the two countries, until Morocco builds its own LNG terminals, the ministry said.

(Reporting by Ahmed Eljechtimi; editing by Jonathan Oatis)

((ahmed.eljechtimi@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.