Gas Production Nearing Commencement
Sound Energy is on the cusp of commencing gas production in Morocco, with the LNG project expected to start production by the end of the year.
Strong Partnerships and Financing
The company has secured strong partnerships with Managem Energy and Afriquia Gas, ensuring financing for the second phase of development, with exploration wells fully funded.
Exploration Potential and New Ventures
Sound Energy has significant exploration acreage in Morocco and has formed a joint venture, HyMaroc, with Getech to explore natural hydrogen and helium opportunities.
Solar Energy Expansion
The company is partnering with Gaia Energy to develop solar projects in Morocco, aiming for 250 to 300 megawatts of installed capacity, capitalizing on the liberalization of the medium voltage grid.
Revenue and Tax Advantages
Sound Energy benefits from a 10-year corporation tax holiday in Morocco, aiming to optimize production and maximize revenue within this period.