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Total eyes gas projects in Morocco, South Africa in bid for new markets

Published 06/09/2017, 11:50 AM
© Reuters.  Total eyes gas projects in Morocco, South Africa in bid for new markets
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  • Total (TOT +0.2%) is seeking investments in gas and power infrastructure projects in Morocco and South Africa in a bid to open new markets, the company's head of gas Laurent Vivier tells Reuters.
  • TOT plans to roughly double its liquefied natural gas portfolio by 2020 to 15M metric tons/year, but it needs to look at deals that will give it footholds in new markets and capture new gas buyers, Vivier says.
  • TOT is interested in a planned $4.6B project in Morocco which includes the import of up to 7B cm of gas by 2025, the construction of a jetty, terminal, pipelines and gas-fired power plants with capacity to produce up to 2,400 MW of electricity, as well as a similar project in South Africa, where the government plans a $3.9B gas-to-power development that will require 1.6M metric tons/year of gas imports.
  • Now read: Upstream Oil And Gas IPOs: Private Equity Gets Paid, But Will Investors?


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