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IN BRIEF: Sound Energy extends long stop date for gas sales deal

17th Dec 2021 21:29

Sound Energy PLC - gas developer in Morocco - Long stop date for the phase one development liquefied natural gas sales agreement for the Tendara production concession has been revised to December 31, as the parties expect final documentation to be completed shortly.

In July, Afriquia Gaz had agreed for 10 years to buy liquefied natural gas from Sound Energy. The agreement is for no fewer than 100 million cubic metres of gas per year. The deal covers the phase one development at Sound Energy's Tendrara concession in Eastern Morocco.

Current stock price: 2.20 pence

Year-to-date change: up 54%

By Dayo Laniyan; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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