MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI BRIEF: Canada Household Debt Tops $3 Trillion In 3Q

MNI BRIEF: Trump Likely To Allow Powell To Serve Term - Moore

MNI INTERVIEW2: Poland To Push For EU Defence Fund

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NewMed Signs Morocco Gas Exploration Deal

NATURAL GAS

Israel's NewMed Energy has signed a deal with Morocco's energy and mining ministry and Adarco Energy for offshore natural gas exploration and production in Morocco, NewMed Energy said.

  • NewMed and Adarco will each have a 37.5% stake in the Boujdour Atlantique licence, and the ministry will hold the remaining 25%.
  • The Boujdour Atlantique licence is in the southern part of Morocco's offshore economic zone and was granted for eight years.
  • It said the plan is to begin surveys of the prospect and then conduct exploratory drilling after around 2.5 years. The deal still requires regulatory approval in Morocco.
  • NewMed is a main stakeholder in Israel's huge Leviathan offshore gas field and is looking to merge with Capricorn Energy to create a gas producer focused on Israel and Egypt.
  • The company recently said it is leaning towards building a floating LNG terminal for the Leviathan field.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.