Sound Energy, the energy transition company, has announced the issue to Italfluid Geoenergy of Notice to Proceed in respect of the project contract for the Tendrara Concession mLNG Facilities Onshore, Kingdom of Morocco.
Sound Energy has announced the entry of binding conditional agreements in respect of a US$18 million Phase 1 Tendrara LNG Development loan note financing and that, with the other remaining conditions precedent to the Phase 1 LNG gas sales agreement now waived by the parties, the LNG GSA is now unconditional.