Predator Oil & Gas is set to submit a bid to build and operate a floating LNG import terminal in Morocco.
Predator is already active in the upstream in Morocco and is looking to develop gas at its Guercif license onshore northern Morocco. The company is also hoping to develop a floating LNG import terminal in Ireland.
In April, Morocco’s energy ministry invited bids with a deadline of May 31.
The initial scope of the FSRU project in Morocco is for an annual requirement of 1.1 bcm by 2025 rising to 1.7 bcm in 2030 and 3 bcm in 2040.
Predator said: “It is potentially a complementary addition to the company’s business development strategy for Morocco to increase both materiality and the potential for future gas exports to Europe once the domestic Moroccan gas market reaches capacity.”
Morocco currently has only small gas consumption, estimated at a little over one bcm/year, and sources its gas from Algeria as part of its agreement to transit Algerian gas to Spain.
Predator said the FSRU project in Morocco was envisaged to be a much longer-term project that does not compete with the company’s short- and medium-term plans to develop Guercif.
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