Morocco is preparing to launch a tender for a natural gas project worth US$4.6 billion, the country’s Energy Minister Aziz Rabbah said in a Bloomberg interview. The gas will be used for power generation, he added. The project will involve the construction of a gas processing plant, Rabbah also said, noting that the government has already selected the financial and technical consultants for the undertaking. Morocco has proved reserves of some 1.44 billion cubic meters of natural gas, according to the CIA World Factbook, with production at less than 100 million cu m as of 2015. There are hopes, however, that it could become an international player on the gas market. One UK company is so optimistic about Morocco’s natural gas production potential that it last year even started divesting from other locations to focus its attention on Morocco. Sound Energy said last October that it would focus exclusively […]