Sound Energy has received a non-binding fund proposal of $60-100 million to build a pipeline to export gas from Morocco to Spain, the company said in a statement.
The proposal was made by Advisory & Finance Group Investment Bank, which manages Sound Energy partner the Oil & Gas Investment Fund.
The pipeline will transport gas produced at Tendrara in eastern Morocco.
Sound Energy is eyeing first gas from its Tendrara permits in Q2 2019, the company told Interfax Natural Gas Daily in January.
It will be only...