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Best UK mortgage deals of the week

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Sound Energy to build pipeline to commercialise Moroccan gas

Reuters - UK Focus

RABAT, June 8 (Reuters) - Britain's Sound Energy (Frankfurt: A1KAFP - news) has signed a heads of terms agreement with a consortium to build a 20 inch gas pipeline and a processing plant to commercialise its discoveries in Eastern Morocco, it said.

The consortium comprising Spain's Enagas (Amsterdam: EG6.AS - news) , Elecnor and Fomento has been awarded the deal under a build-own-operate-transfer (BOOT) structure, the Morocco-focused company said.

"The Consortium will finalise plans to secure access to some $184 million of development capital that will be required to fund the project," it said in a statement. (Reporting by Ahmed Eljechtimi Editing by Ulf Laessing Editing by David Goodman)