Morocco Gets Closer to Creating $1 Billion LNG Import Hub

Morocco is getting closer to creating an almost $1 billion liquefied natural gas hub at a new deep-sea port on its Mediterranean coast, as it plans to boost imports to curb the use of dirtier fuels.

The nation this week issued a tender for a company to supply a floating storage and regasification unit that will be moored at the Nador West Med port that’s due to start operating next year. It’s also looking to pick firms to build, finance and operate new pipelines connecting the port to major industrial areas.