Morocco Looks to Resume $1 Billion LNG Plan ‘in Due Course’

Morocco will issue new tenders to develop a liquefied natural gas terminal on its Mediterranean coast “in due course,” a top official said, signaling the kingdom’s $1 billion energy project is still on the table.

The North African country, which imports much of its power needs, surprised markets on Monday by announcing an indefinite pause of the initiative that also involves new pipelines connecting the Nador West Med port to major industrial areas.