London-listed Chariot has signed a key deal with a gas buyer in Morocco that, when finalised, will underpin the commerciality of its $300 million Anchois offshore project.

Anchois is set to be developed as a subsea tie-back to a central onshore processing plant, and is targeted to come on stream in 2024, two years after the final investment decision is taken.

Chariot said on Friday that it has signed a memorandum of understanding (MoU) with what it called “a leading international energy group” covering the key terms of offtake agreements as well as “partnering between the unnamed company in respect of the Anchois gas project”.