Sound said on Thursday that its partner Oil & Gas Investment Fund (OGIF) expressed interest in funding, building and operating a new pipeline connecting Tendrara to the Gazoduc Maghreb Europe (GME) pipeline.
The cost of the new Tendrara pipeline is currently estimated to be approximately $50 million, Sound said.
"We are very pleased to have received this first expression of interest which potentially enables us to construct the infrastructure which would be required at Tendrara without equity dilution, whilst also further broadening our strong partnership with OGIF," Sound's chief executive James Parsons said.
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