Chariot Limited EIA Approval Received for Anchois (7618R)
31 October 2023 - 6:00PM
UK Regulatory
TIDMCHAR
RNS Number : 7618R
Chariot Limited
31 October 2023
31 October 2023
Chariot Limited
("Chariot", the "Company")
Environmental Impact Assessment Approval received for
Anchois
Ministerial endorsement a further step forward for gas
development project
Chariot Limited (AIM: CHAR), the Africa focused transitional
energy group, is pleased to announce that it has received approval
for its Environmental Impact Assessment ("the EIA") from the
Moroccan Ministry of Energy Transition and Sustainable Development
("the Ministry") on the Anchois gas development project ("Anchois")
offshore Morocco.
-- The EIA process for Anchois was conducted over a 12 month period and was informed by:
o onshore and offshore environmental and social baseline
surveys
o an open and transparent stakeholder engagement programme held
in conjunction with relevant parties
o a public enquiry process which spanned four local
provinces
-- The final report sets out the requisite planning, mitigation
and monitoring measures to follow during construction and
production
-- The EIA integrates recommendations from the National
Environmental Committee, is valid for five years and covers all
aspects of the development including future wells and offshore
infrastructure, the onshore Central Process Facility and link to
the GME pipeline.
Pierre Raillard, Head of Gas Business and Morocco Country
Director at Chariot commented:
"Securing approval of this EIA is a major milestone for Anchois
and is the culmination of extensive time and teamwork that has gone
into this critical process. This is a key building block for
sanctioning the project's development, alongside other activities
such as our partnering process which is close to conclusion. On
behalf of Chariot, I would like to thank the National Environmental
Committee and the Ministry for their endorsement and support. I
would also like to thank the Chariot team, our partner ONHYM and
our consultants who collaborated so closely across all workstreams.
We are fully committed to ensuring that Anchois is developed in
line with best practice as set out in the report. "
Enquiries
Chariot Limited
Adonis Pouroulis, CEO
Julian Maurice-Williams, CFO +44 (0)20 7318 0450
Cavendish Capital Markets Limited (Nomad and
Joint Broker)
Derrick Lee, Adam Rae + 44 (0)131 220 9778
Stifel Nicolaus Europe Limited (Joint Broker)
Callum Stewart, Ashton Clanfield +44 (0) 20 7710 7760
Celicourt Communications (Financial PR)
Mark Antelme, Jimmy Lea +44 (0) 20 7770 6424
NOTES FOR EDITORS:
About Chariot
Chariot is an Africa focused transitional energy group with
three business streams, Transitional Gas, Transitional Power and
Green Hydrogen.
Chariot Transitional Gas is focused on a high value, low risk
gas development project offshore Morocco in a fast-growing emerging
economy with a clear route to early monetisation, delivery of free
cashflow and material exploration upside.
Chariot Transitional Power is focused on providing competitive,
sustainable and reliable energy and water solutions across the
continent through building, generating and trading renewable
power.
Chariot Green Hydrogen is partnering with TEH2 and the
Government of Mauritania on the potential development of a 10GW
green hydrogen project, named Project Nour in Mauritania and is
progressing pilot projects in Morocco.
The ordinary shares of Chariot Limited are admitted to trading
on the AIM under the symbol 'CHAR'.
https://chariotenergygroup.com
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END
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